Rootcause
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"Given the traditional role of the government in responding to market failures - and the $1 trillion plus per year of federal funds dedicated to resolving domestic social problems - there exists a yet-to-be harnessed opportunity for government leaders and social entrepreneurs to collaborate to leverage public and private resources and to generate transformative, cost-effective solutions."

Advancing Social Entrepreneurship: Recommendations for Policy Makers and Government Agencies

Advancing Social Entrepreneurship introduces policymakers and leaders in government agencies to social entrepreneurship as a new way to address old problems.

Description

Social entrepreneurship—the practice of responding to market failures with transformative, financially sustainable innovations—is uniquely positioned to help government officials address our nation’s toughest social problems more effectively. This new type of entrepreneurship combines business principles with a passion for social impact. Social-entrepreneurial initiatives can take the form of for-profits, nonprofits, or government programs, and they exhibit three core characteristics:

  • Social Innovation - funding, testing, and honing new and potentially transformative ways of approaching social problems;
  • Accountability - measuring results, continuously making improvements based on those results, and sharing performance and outcome data with stakeholders;
  • Sustainability - identifying reliable financial and other types of support by utilizing markets, forming partnerships across sectors, and responding to stakeholder needs to ensure that the solution will be enduring.

Advancing Social Entrepreneurship: Recommendations for Policy Makers and Government Agencies

Andrew Wolk April 2008