Social and commercial entrepreneuship, what are the differences?
Is profitability the main distinction between these two types of entrepreneuships?
Hope to hear your opinions about this. Thank you so much!
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- :Danny Võ Thành Đăng1338270231
Hi Minh, with my limited understanding on this topic, the profit is still a key point for any business (social or commercial). The different is the purpose of the business and how it effects on the society, as well as the yearly profit from the social business will mostly return for investment in social, etc. You can check it out for more information at: http://www.britishcouncil.org/vietnam-education-governance-social-enterp...
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Thank you anh Dang so much for your sharing!
I was confused at first when seeing the word "Social". I thought it must be some types like NGO, non- profit or charity organisations only that could be considered as social entreprises. So it can be inferred from the article that social entrepreneuship aims at developing a sustainable business model concerning social issues and community development.
However, sustainability is one of they key concern of every business nowadays.I wonder what kind of business is purely commercial today and does it mean that purely commercial entreprises are not developing sustainably?
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