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Words: 5,242 | Submitted: Mon Mar 30 2009
... clients (Mort et al., 2003 cited in Burns P, 2007, p. 454). In today's society, the common consensus of improving the world through social responsibility and environmental accountability seem to attain growing importance. We are increasingly becoming more educated in terms of the augmented social needs in our integrated world, and therefore social entrepreneurship is attracting an increased amount of talent, money and attention from multiple sectors. The reasons for its popularity are many and the term itself is frequently portrayed in media (Martin R. Osberg S. 2007). In 2006, Muhammad Yunus, founder of Grameen Bank, was awarded the Nobel Peace Price for providing economic and social development from the "lower" levels of society by using micro financing, which later has proven successful in the many impoverished nations. It makes people engage in self-employment that generates income (insead knowledge, 2008). This renowned example of social enterprise has put a stamp ...
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