Social Entrepreneurship and Social Innovation in Aging

Andrzej Klimczuk () and Jorge Felix

MPRA Paper from University Library of Munich, Germany

Abstract: Social entrepreneurship is usually understood as an economic activity which focuses at social values, goals, and investments that generates surpluses for social entrepreneurs as individuals, groups, and startups who are working for the benefit of communities, instead of strictly focusing mainly at the financial profit, economic values, and the benefit generated for shareholders or owners. Social entrepreneurship combines the production of goods, services, and knowledge in order to achieve both social and economic goals and allow for solidarity building. From a broader perspective, entities that are focused on social entrepreneurship are identified as parts of the social and solidarity economy. These are, for example, social enterprises, cooperatives, mutual organizations, self-help groups, charities, unions, fair trade companies, community enterprises, and time banks. Social innovation is a key element of social entrepreneurship. Social innovation is usually understood as new strategies, concepts, products, services, and organizational forms that allow for the satisfaction of needs. Such innovations are created in particular in the contact areas of various sectors of the social system. For example, these are spaces between the public sector, the private sector, and civil society. These innovations not only allow the solving of problems but also extend possibilities for public action.

Keywords: Aging and Entrepreneurship; Aging and Innovation; Entrepreneurship in Aging Population; Older People As Social Entrepreneurs and Social Innovators; Social and Solidarity Economy and Aging Populations (search for similar items in EconPapers)
JEL-codes: J14 J18 O35 (search for similar items in EconPapers)
Date: 2020
New Economics Papers: this item is included in nep-age, nep-cse, nep-ino and nep-sbm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Journal Article: Social Entrepreneurship and Social Innovation in Aging (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:105981

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