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Business Strategies Creating Value for Social Entrepreneurs

Business Strategies Creating Value for Social Entrepreneurs
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Author(s): Andrisha Beharry-Ramraj (University of KwaZulu-Natal, South Africa)
Copyright: 2016
Pages: 17
Source title: Incorporating Business Models and Strategies into Social Entrepreneurship
Source Author(s)/Editor(s): Ziska Fields (University of Johannesburg, South Africa)
DOI: 10.4018/978-1-4666-8748-6.ch005

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Abstract

Social entrepreneurs seek to make a difference in their societies. It starts with the identification of a specific social problem and devising a specific solution to address the problem. A historical overview of social entrepreneurs shows how individuals considered the greater good of society over self interest as well as the trickle down impact in order to achieve that difference. This chapter explores the various strategies available to social entrepreneurs and begins by defining strategy then presenting a broad spectrum of different competitive, social skills, growth, marketing and communications well as resource strategies that social entrepreneurs can adopt. The chapter concludes by presenting possible solutions and recommendations for social entrepreneurs.

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