Incompatibility of Social Entrepreneurship and Capitalist Paradigms - Antoine Niyungeko - E-Book

Incompatibility of Social Entrepreneurship and Capitalist Paradigms E-Book

Antoine Niyungeko

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Essay from the year 2020 in the subject Business economics - Company formation, Business Plans, , language: English, abstract: This paper develops supporting arguments for the fact that social entrepreneurship and capitalist paradigms are generally incompatible. It tries to find supporting literature. The first part of this essay defines the concepts of social entrepreneurship and capitalist entrepreneurship. The second part analyses if there exist any differences. The way social entrepreneurs are generating profit and are creating value for the society are the main differences. The concept of the social entrepreneur has gotten much attention during the last decade. While many researchers have focused on understanding entrepreneurship in line with a capitalist viewpoint, social entrepreneurship is a relatively new field of research. According to Swanson and Zhang there was no consensus on the unique definition of SE, but it was accepted that the goal was to assume the social equilibrium to a more desired state. In other words, there is a need in society that is not satisfied. Like the capitalist entrepreneur, SE creates added value to the society by satisfying a neglected need. Ruturaj, Sangeeta and Prerna reiterated this, arguing that the ingenious ideas of the social entrepreneurship were beneficial to society and its members as well as to the entrepreneur. SE got much attention since the 1980s as indicated by Filipe, João, Isabel, and Carlos (n.d.) and has spread globally with the goal of solving social problems through creating sustainable and scalable business models. Like SE, businesses have expanded their social responsibility policies through corporate social responsibility policies.

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