Sunday, September 3, 2023

Drucker on "Social entrepreneurship

Untitled document

  • What we need is an entrepreneurial society in which innovation and entrepreneurship are normal, steady, and continuous"

  • "The entrepreneur always searches for change, responds to it and exploits it as an opportunity"

  • "To exploit change, according to Drucker, is to innovate"

  • "Entrepreneurs do not cause change (as claimed by the Schumpeterian or Austrian school) but exploit the opportunities that change (in technology, consumer preferences etc.) creates"

  • "Drucker observed long ago that each social problem is a business opportunity in disguise"

  • "Social entrepreneurship focuses on 'making the world a better place' and creating social capital"

  • "Social entrepreneurship is an approach by individuals, groups, start-up companies or entrepreneurs, in which they develop, fund and implement solutions to social, cultural, or environmental issues"

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