An entrepreneur who aims at solving social problems while maintaining profitability is best described as:
A) Industrialist
B) Serial entrepreneur
C) Drone entrepreneur
D) Social entrepreneur
Answer (2)
The correct term for an entrepreneur focused on solving social problems while being profitable is D) Social entrepreneur. They aim to create social value and address societal challenges through sustainable business practices. Social entrepreneurs measure success by the positive impact they have on society rather than just financial returns.
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The best description for an entrepreneur who aims at solving social problems while maintaining profitability is a (D) Social entrepreneur.
A social entrepreneur is someone who recognizes a social issue and uses entrepreneurial principles to organize, create, and manage a venture to make social change. While maintaining a profitable business model, their main goal is to address societal challenges and improve the quality of life.
Social entrepreneurs operate in various sectors, including education, health, environmental sustainability, and poverty alleviation. They combine innovation, resourcefulness, and opportunity to address critical social and environmental challenges in society.
For example, a social entrepreneur might establish a business that provides clean water in developing countries, creates affordable education platforms, or develops sustainable farming practices. The common aim is to generate a thriving business that yields positive social impact as well.
In summary, social entrepreneurs differ from traditional entrepreneurs by not only focusing on financial returns but also prioritizing the social and environmental impact of their work.
