However, the social, traditional, and commercial entrepreneurships resemble in many ways but they have few basic differences as well. The author, who has the expertise in the field of social innovation and social entrepreneurship, describes that social entrepreneurship transforms the traditional methods of conducting businesses.
This article explores the four major points, which defines the differences between social entrepreneurs and their conventional counterparts, starting from the differences between “value capture” and “value creation”. The author calls for standard economic theories and business models to find an appropriate place of “others-regard,” and not for only self-interest, as a potential way for alternative, business decisions which have a significant impact.
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