January 2015
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Management of Organizations: Systematic Research
This article looks at the changing notion and paradigm of entrepreneurship and related research. Though previously “entrepreneurship” referred to a profitable action while risking one’s personal property, the modern connotation is much broader. The contemporary view is not just about profit orientation but also focuses on exploiting entrepreneurial opportunities for the sake of solving social and societal problems, and therefore, achieving social benefit. The paper presents the results of measuring social entrepreneurial activities in Estonia using the GEM survey methodology. The GEM 2012 study demonstrated that the involvement in social entrepreneurship among the Estonian population (26.2%) is nearly twice as high as the involvement in “mainstream” entrepreneurship.