Social Entrepreneurship: the World Needs More Social Entrepreneurs

Abstract Businesses exist by definition to generate profits, and as part of their typical profit-seeking conduct, they take into account any lingering concerns about societal good. Put another way, it is true that companies and their owners around the world view social good as merely another requirement rather than the driving force behind their operations. In fact, according to the late great Milton Friedman, who is regarded as the Father of Neoliberalism, social issues should come after commercial responsibilities. By examining the benefits, challenges, and best practices, we aim to provide insights into fostering a comprehensive and effective entrepreneurial ecosystem within educational institutions. The evolving landscape of the modern workforce demands graduates who can navigate ambiguity, identify opportunities, and contribute meaningfully to diverse industries. This paper not only delves into the integration of entrepreneurship education but also underscores its relevance in preparing students for the complexities and uncertainties of the 21st-century professional landscape.