Entrepreneurship is trendy at the moment, but what about social entrepreneurship? In a recent Op-Ed for the Financial Times, MBA student Stephen Morse justifies his decision to pursue a career in this growing and often misunderstood field. Morse, who recently enrolled at the Skoll Centre for Social Entrepreneurship at the University of Oxford Saïd Business School, shares a quote from the book Social Entrepreneurship: What Everyone Needs To Know to clarify what social entrepreneurship really is: “Social entrepreneurship is a process by which citizens build or transform institutions to advance solutions to social problems, such as poverty, illness, environmental destruction, human rights abuses and corruption, in order to make life better for many.” Moreover, Morse posits that millennials might be drawn to the field as a result of their desire to make a difference in the world.
“[At Saïd] I hope to analyse treasure troves of data about entrepreneurial ventures that have worked, and others that have failed,” Morse writes, “and understand why some organizations have succeeded while others have not.” Although some of his peers might disagree, Morse is convinced that social entrepreneurship is the field of the future. He is not alone: such U.S.-based schools as the Wharton School of the University of Pennsylvania and Harvard Business School offer programs and initiatives on the subject.