Market failure that occurs when people take advantage of being able to use a common resource, or collective good, without paying for it.
Published in Chapter:
Social Entrepreneurship and Its Competences: Implications for Higher Education
Sue Rossano (Münster University of Applied Sciences, Germany), Thomas Baaken (Münster University of Applied Sciences, Germany), Balzhan Orazbayeva (Münster University of Applied Sciences, Germany), Marieke C. Baaken (Georg-August-Universität Göttingen, Germany & RUG Rijksuniversiteit Groningen, The Netherlands), Bert Kiel (Münster University of Applied Sciences, Germany), and Gideon Johannes Pieter Maas (Coventry University, UK)
Copyright: © 2019
|Pages: 24
DOI: 10.4018/978-1-5225-8939-6.ch006
Abstract
Entrepreneurship needs a vision and leadership skills to accomplish it and a motivation to build something new, which will develop and sustain it. And society needs social entrepreneurs, contributing to a new organization of the welfare system, while making a difference and helping each other. The central theme in the existing social entrepreneurship literature is the pursuit of a social mission or objective. Thus, social entrepreneurs play a role as reformers and revolutionaries, who are intending to solve social problems, and not being answered by governmental policies. Entrepreneurial thinking and acting as well as innovation driving managers is a need for society. However, it is not the organization but the people, united by a proactive and market-driven culture, that are innovative and which combine to populate and to equip the organization with the required competencies. The chapter proposes a methodology to analyze the competencies that should be fostered by higher education programs to provide graduates with the desired competencies for entrepreneurship and driving innovation.