Following are the types of social entrepreneurship:
● The Leveraged Non-Profit: This business paradigm leverages resources
in order to give solutions to social needs. Leveraged non-profits make
creative use of existing funds to fulfill the needs. These leveraged
non-profits are long-established ways of dealing with the problems, but
are renowned by their creative approaches
● The Hybrid Non-Profit: This organizational pattern can be of different
forms, but is distinguished because the hybrid non-profit is ready to use
profit to continue its operations. Hybrid non-profits are often formed to
deal with government or market failures, as they create profits to
continue the operation other than of loans, grants, and other forms of
traditional funding.
● The Social Business Venture: These paradigms are set up as
enterprises planned to bring change through social means. Social
business enterprises developed through a short of funding—social
entrepreneurs in this situation were forced to become for-profit
enterprises.
Elements of Social Enterprise
Three core elements: