The spring issue of the Stanford Social Innovation Review contains an interesting article about the contribution of entrepreneurship to society, entitled “All Entrepreneurship is Social.”
The article’s author, Carl Schramm, points out that over the past decade the term social entrepreneur has become a fashionable way of describing individuals and organizations that, in their attempts at large-scale change, blur the traditional boundaries between the for-profit and nonprofit sectors.
But, according to the author, there is a danger in overusing this new term: the use of the modifier “social” will diminish the contributions of regular entrepreneurs — that is, people who create new companies and then grow them to scale. In the course of doing business as usual, these regular entrepreneurs create thousands of jobs, improve the quality of goods and services available to consumers, and ultimately raise standards of living. Indeed, the intertwined histories of business and health in the United States suggests that all entrepreneurship is social entrepreneurship.
Carl Schramm is president and CEO of the Ewing Marion Kauffman Foundation, one of the largest foundations in the United States devoted to entrepreneurship. He is also the author of The Entrepreneurial Imperative and coauthor of Good Capitalism, Bad Capitalism.
Read the full article here.