Entrepreneurship, a Social Phenomenon
Carl Schramm has new article explaining why “All Entrepreneurship is Social
.” Writing for the Stanford Social Innovation Review, Schramm explained the dangers of using the modifier social:
One danger, however, is that the use of the modifier social will diminish the contributions of regular entrepreneurs—that is, people who create new companies and then grow them to scale. In the course of doing business as usual, these regular entrepreneurs create thousands of jobs, improve the quality of goods and services available to consumers, and ultimately raise standards of living. Indeed, the intertwined histories of business and health in the United States suggests that all entrepreneurship is social entrepreneurship. The pantheon of model social entrepreneurs should thus include names such as railroad baron Cornelius Vanderbilt, meatpacking magnate Gustavus Swift, and software tycoon Bill Gates.
Read the entire article
for many examples of entrepreneurs who introduced innovations that fueled prosperity and well-being.