[Article] by Lara Quentrall-Thomas | November 17, 2013 in Trinidad Guardian —
Social entrepreneurs are not content to give a fish or teach how to fish. They will not rest until they have revolutionized the fishing industry.
—Bill Drayton—founder of Ashoka: Innovators for the Public.
Most economists and academics support the notion that entrepreneurship is a crucial factor in the development and well-being of societies. Whether the entrepreneurial activities are practiced in factor—driven, efficiency-driven, or innovation-driven economies (Porter et al, 2002), the ultimate results continue to exhibit: i) lower unemployment rates ii) increased tendency to adopt innovation iii) accelerated structural changes in the economy.
Entrepreneurship offers new competition and as such promotes improved productivity and healthy economic competitiveness. Social entrepreneurship is the field in which entrepreneurs tailor their activities to be directly tied with the ultimate goal of creating social value.