The partnership between the not-for-profit Praxis and the Estonian Government on opening up and visualising government budget data, created more
-amples of for-profit DSI business include US-based Patients Like Me, which delivers a peer support service
and delivered by not-for-profits, such as Avaaz†s e-petitioning and campaigning network and Ushahidi†s pioneering work on crowd-mapping.
platforms is an example of a not-for-profit providing a service that enables more DSI to happen by making
work by the Estonian Government and the not for profit Praxis on the Meiraha project,
†threaten their current ability to make profits from their previous innovations. The digital natives are not
It is within new noninstitutional actors motivated by ideals outside short-term profit and with an idea of
economic profit, naturally and creatively socially innovate and create often immensely profitable structures However, before the advent of the Internet their social innovation was limited in its reach, but with the
small profit †while allowing anyone else to do the same Arduino offers an interesting example of how an organisation might be
Not for profit Aim: Participation and Democracy Technology Trends: Open Networks, Open Knowledge, Open Hardware
not-for-profit global e-petitioning and cam -paigning network that works to ensure that the †views and values of the
Academia and research organisations, non profit and social enterprise organisations Aim: Participation and democracy, smart public services
or profit from it Finally, the 23 partners within the consortium work together for an
Cities, non profit agencies and academic institutions Aim: Participation and democracy; Culture and arts; Other Technology Trends:
-ent, Our goal is social change rather than profit. ††Fairphone founder and CEO, Bas van Abel
is a not-for-profit organisation based in Berlin, Germany History and mission The Liquid Feedback software was published first in October 2009 by
Type of organisation Maker Faire is a series of events created by Maker Media, a for profit
Not for profit, foundations and social enterprise Aim: Participation and democracy Neighbourhood regeneration Technology Trends:
is possible to make profits doing commercial work that can be re-invest -141 ed in charitable, open source projects without having to employ a huge
accounts for about half of mysociety†s profits, while the other half comes from donations from donors, large and small
Type of organisation Opencorporates is a for-profit company, based in the UK History and mission Opencorporates was created by Chris Taggart and Rob Mckinnon
Type of organisation Open Garden is based a San francisco for-profit start-up History and mission The Open Garden Mesh app was launched in Beta on May 21st 2012
Not for profit Aim: Collaborative consumptions Technology Trends: Open knowledge Key Facts: 120+articles from 70+contributors, published in French, English and
-ent, not-for-profit organisation, Ouishare has evolved from a handful of Parisian enthusiasts to a global community spread across Europe, Latin
Type of organisation Ouishare is a not for profit organisation, which organizes the global Ou
For-profit business Aim: Neighbourhood regeneration, Sharing economy Technology Trends: Open Data, Open Knowledge DSI activities:
Short description Peerby is a Dutch for-profit start-up that operates a peer-to-peer shar -ing service for products.
profit charity History and Mission The Raspberry Pi Foundation was set up in 2006 by Eben Upton, Rob
revenue and profit than Raspberry Pi. In defence to this however, Rasp -berry Pi have indicated that their goals are clearly set on achieving their
higher profits Business case for eco-innovation Cost avoidance Regulatory requirements anticipation of new standards
Higher revenues and profit Cost saving Eco-innovations resulting in improved resource productivity save money by reducing costs of
¢Increase your turnover and profits from sales of resource-efficient †¢products and services Comply with and anticipate new regulations (including eco-design) â€
product and derive their profits from its use rather than its sale. Therefore, they have an incentive to
RAND is not-for-profit nonpartisan, and committed to the public interest RAND€ s publications do not necessarily reflect the opinions of its research clients and sponsors
RAND Europe is an independent not-for-profit policy research organisation that aims to improve
rising profits from progress in the fields of cloud computing and new business models associated with data
Financial institutions, as well as government bodies, have difficulty assessing the risk-profit trade offs of innovative ventures.
successful, in terms of both innovation and profit, compared to similar firms that are not part of a
generate profits. In summary, â€oeentrepreneurial opportunities emerge when certain individuals have insights into the value of resources that others do not†(Barney et al
knowledge utilization, innovation, profit maximization entrepreneurship, and so on. †Borgatti and Foster (2003 p 1005 5 â€oean important source of new ideas and lucrative
relationship between the size of network and sales or profit growth. Nonetheless, when the absolute values of sales and profits were measured,
they found some support for this relationship. The authors found more support for the relationship
not-for-profit national industry association that works to articulate a national strategy for the
The CMC, also a not-for-profit organisation, is dedicated to facilitating strategic alliances between the semiconductor industry and Canadian universities and educational
profit (which is the case for many biotechnology firms), losses can be surrendered to the Exchequer in return for a cash payment of 24 percent of total eligible R&d spend.
The cluster is represented by the †Quebec Photonic Networkâ€, a non-for-profit organisation with mandate to accelerate the advancement of the Optics-Photonics industry in the Province
The field of photonics profits from a large and diversified industrial base with a large number of successful enterprises committed to R&d and innovation in photonics.
Turning the Potential into Profits. Chemical Market Reporter. Mckinsey & Company, 2004 Romer, P m. 1986), Increasing returns and long-run growth, Journal of Political economy 94, 1002â€
 not- †for- †profit  research- †led  or
 non- †profit  mechanisms  and  support  to  aspiring
agencies or non profit institutions can †innovate†but in this paper we limit the discussion to
brut profit have increased also suburb economies. Suede, Norway and Finland, have gray economies of 19,
reducing the income tax and those on the profit to 16%,Romania with assistance expenses of
incomes and contributions by 2, 2%of the brut profit, and not 9%as the governors say
that met our criteria of being for-profit SMES (6†499 employees) with the key
Futureeverything (FUTURE) is a not-for-profit digital innovation lab, festival and conference. It is a member
-vices in order to increase their value, profit and marketability. For example, the com -pany is now pushing into smart watch
examples include the work by the Estonian Government and the not-for-profit Praxis on the Meiraha project,
in order to move to a system in which the country where profits are generated is also the country of taxation.
-profit organisations representing citizens and workers should all be taken on board of the design process of RIS3.
investment and profit Type of action: SME Instrument The conditions related to this common call are provided below and in the General Annexes
supporting since late 2012 the launch phase of the not-for-profit IMPÂ rove-Academy by
pursues a for-profit strategy Drivers for international economic growth and development †offering equity investments, loans, and technical assistance
Our work is influencing the way business leaders think about markets, profit, poverty and the environment WRI's Markets and Enterprise Program produces economically sound policies, bold vision,
of sales and profits through other products (â€oecash cows†to the same extent as large firms, too few or insuf
knowledge to be codified externally and immigration of †talents†to profit from new ideas. Policy-makers can promote regional development best through upgrading
profits ICT enabled innovation Section 4. 1 Structure Conduct Performance Market/firm characteristics ICT adoption
profits ICT enabled innovation Section 4. 1 E-business in the transport & logistics industry 96
profits ICT enabled innovation Section 4. 2. 2 Section 4. 2. 3 Structure Conduct Performance
profits ICT enabled innovation Section 4. 2. 2 Section 4. 2. 3 E-business in the transport & logistics industry
but not on profits (Brynjolfsson and Hitt, 1996). Another study did not find positive effects of ICT capital on productivity,
profits ICT enabled innovation Sections 4. 3. 1, 4. 3. 3 Section 4. 3. 2
profits ICT enabled innovation Sections 4. 3. 1, 4. 3. 3 Section 4. 3. 2
Relation of Profit Rate to Industry Concentration: American manufacturing, 1936-40 Quarterly Journal of Economics Vol 65, pp. 293-324
than to profits. Roper (1997) whose study focused exclusively on product innovations in German, UK,
to profits for private sector firms. While a non-healthcare business selecting its investments in ICTS might consider only financial return on investment
•Not-for-profit: the not-for-profit initiatives are driven by their charter to help the patients and the community in
which they provide services. Their tax-exempt status can help to reduce funding challenges and costs, may also provide special tax credits/incentives
These initiatives can be set up as either for-profit or not-for-profit organisations; however, the key to this category is the collaboration
•For-profit (often resulting from the conversion of a not-for-profit initiative at a mature stage:
for-profit initiatives are created with private funding. These organisations look to reap financial benefits from their transactions (envisioned as a future development in the
Favourable Favourable Favourable Shared Not-for-profit Chronic disease management toolkit/EMRS Canada Neutral /Unfavourable
The not-for-profit model It is the nature of ICT projects that if there are too few active participants
The not-for-profit status of the GSMHN is an essential facilitator of the process
Health Infoway, an independent, not-for-profit corporation, was formed in 2001 by the Government of Canada to accelerate the development and
independent, not-for-profit organisation that certifies health IT products. HHS entered into a contract with the commission in October 2005 to develop
countries of a not-for-profit self-sustaining â€oee-health network†where health providers pay an
not-for-profit partnership agreement Targeted financial incentives The Practice Incentive Payments (PIP) Information management and Information
established in 2007 as a not-for-profit association between the Great Southern General Practice Network (GSGPN) and the University of Western
The GSMHN is a not for profit collaboration between GSGPN and the UWA. The University was not new to this type of partnerships as it had
dedication of its staff, the not for profit nature of the partnership and the extensive expertise in software development
-profit organisation offered medication to all Swedish citizens through its network of about 900 outlets nationwide, including both full-scale pharmacies and local village shops in more
potential to make a profit on their innovations adequate and simple rules save industry unnecessary costs and release resources for
the company the greatest profits, as these would be areas that should be improved ï Identify potential partners
so that the risks are minimised and profits are maximised. This text is designed to help SMES managers to understand the NPD methods neces
cost of the proposal and the future profit after its materialisation. The rapid development of models will
has opened new ways either for direct profit-making (recycling companies) or for indirect profit-making
Profit=Revenue †Cost "Innosupport: Supporting Innovation in SMES "-6. 4. Recycling Strategies page 140 of 271
-nesses can cut costs and increase profits. Cost savings take the form of ï Lower waste disposal costs and lower waste treatment costs
Production efficiency, Profits, Good neighbour image, Prod -uct quality and Environmental performance "Innosupport: Supporting Innovation in SMES
trademarks with recognition and financial profit. Trademark protection also hinders the efforts of unfair competitors, such as counterfeiters, to use similar distinctive signs to market inferior or different prod
-keted and are expected to produce a profit Venture capitalists or informal investors (business angels) may be prepared to finance projects where
The investment is made not with view to an immediate profit, but is made expecting the company to grow
if the company is not making a profit or doesn†t have sufficient cash flow,
ï reduce costs and as a result boost productivity and profits ï e-business should bring new customers
profits to re-invest in the business ï http://www. advantest. com/aac/Careers/culture. html
ï The World Economic Forum (WEF) www. weforum. org is a private not-for-profit foundation
investment and profit Type of action: SME Instrument The conditions related to this common call are provided below and in the General Annexes
supporting since late 2012 the launch phase of the not-for-profit IMPÂ rove-Academy by
traditional economic analysis, factors such as having goals other than profit maximization, limited information about opportunities, or even social and cultural
to have goals other than profit-maximization. But this is to some extent speculative, and we hope to explore the question further in the future using these data
are again looking for organic growth to enhance both revenues and profits. This requires innovation skills and new innovative business models as outlined in our previous report (Warren
Once the profit opportunity within the service arena is identified, the firm must set up the structures and processes to exploit it.
to revenue and profits. More complex service additions that involve a closer relationship with the
profits, General Fasteners (GF), a manufacturer of bolts and other metal fasteners for the automotive industry looked for an innovative business model to change its
revenue and profits from the installed customer base. This reduces cost of sales, while adding
revenues and profits. In many cases, the addition of complementary services such as scheduled maintenance, remote monitoring of performance, benchmarking,
and realize maximum profit. Standard operation management skills can be used, and various external parties should be involved (e g.,
benefits in terms of increased revenues, profits and creating barriers to competitors. Yet although adding services may seem, at first, a rather easy expansion of current business, many
Discusses focusing on your business in order to profit from unrealized value Basu, R. and S g. Green (1997."
The new profit imperative in manufacturing.""Harvard Business Review 77 (5): 133-141 Discusses innovation via going deeper into your customer's value chain and going
downstream to make more sustainable profits via servicing a high installed base Woodcock, D. J.,S. P. Mosey, T b. W. Wood (2000."
Financial institutions, as well as government bodies, have difficulty assessing the risk-profit trade offs of innovative ventures.
period†s profits and costs. Inefficient firms which are unable to learn decline and exit,
control and profits (ibid. Collins (1975) combined Weberian and Marxian themes on social conflict to arrive at a general critical theory of organizations
profiling profits from empirical work. The last paper (paper 7) returns the discussion to the
6 gave a good example of how policy profiling profits from empirical work. The last paper, paper
Risk, Uncertainty and Profit. Chicago, Illinois: University of Chicago Press Koh, H. C. and Killough, L. N. 1990.
profits. Working paper. Boston, Massachusetts: Harvard Business school Mckee, T. E. and Greenstein, M. 2000. Predicting bankruptcy using recursive partitioning
Implications for growth-and profit-oriented strategies. Entrepreneurship Theory and Practice 33 (1), 125†148
profits on the markets with new products/services. Moreover, an increasingly complex innovation system combining †open†innovation approaches with closed ones requires more
target established companies that make profit, and this is precisely the group that might benefit most
and less than 30, making a profit and expanding in terms of infrastructure and growth (Nieman et al, 2003
Currently the SBA defines a business concern as one that is organized for profit, has a place of business in the US,
growth and subsequent profit performance, which in turn can yield employment gains and contribute to the general economic
GDP for Ireland is inflated by the inclusion of profits of inter-firm activities of multinational firms but GNP excludes these profits giving a truer measure of
economic activity. BERD as a percentage of GNP has increased from 0. 93 per cent in 2003 to
communication technologies (ICTS) by all organizations (for-profit nonprofit, and government) throughout the European economy
profits, it would be possible to cover far more of the population. In effect, those in geotypes
It is worth noting that these results are very sensitive to profit, which is the difference
education, state agencies and the not-for-profit sector. The purpose of the Creative Dublin Alliance is to develop,
rents, profits and labour income) from abroad. The Atlas method smooths exchange-rate fluctuations by using a three-year
29 For example, outflows of profits generated by a multinational operating in country A and transferred back to the country of
ways, like market share and profits †both areas where Digirati outperform their rivals. Business leaders who
Futureeverything (FUTURE) is a not-for-profit digital innovation lab, festival and conference. It is a member
-vices in order to increase their value, profit and marketability. For example, the com -pany is now pushing into smart watch
examples include the work by the Estonian Government and the not-for-profit Praxis on the Meiraha project,
in order to move to a system in which the country where profits are generated is also the country of taxation.
as measured by profit or sales, is associated not with computer use (Bitler, 2001 12 Differences in Internet access in the 21 countries for which data are available seem to be greater
They are concerned more about how to increase their profits by using e-commerce than about costs of
NET An industry-led, not for profit, national initiative to foster awareness of e-commerce among
objective of increasing profits by, for instance, appointing sales managers, creating online"boutiques"and offering the option of becoming a"power seller
innovation may then have a positive effect on short term profits and a negative effect on long term
profits (Huizingh, 2011 A firm's Innovation outsourcing project needs to seek domestic and/or foreign partners to
may then have a positive effect on short term profits and a negative effect on long term profits
not necessarily built on revenues and profits. In the case of the biotech industry, approximately 90
profits, do not even have a product on the market but they still convey very important economic value as
Productivity, and Profits Free Press (October 5, 2010 p. 108†111 9) Mark S. Granovetter. The Strength of Weak Ties
attacks on the business profit. If you want to stand out in the crowd you need to connect to
) Only a small number of SMES can profit from intellectual property in a sustainable way
the final profit of the new product will be high enough to compensate for these investments. â€
new ways to gain significantly more profits with the new business models. In Chapter 3, we enter the
and design a profit formula 11 The attractiveness and financial viability of a business model erodes over time as price competition starts
successfully to deliver more value for the customer at a profit. In contrast with large firms, SMES
but it was increasingly difficult to make profits as price competition intensified over the years. The competitive landscape changed drastically in the mid
Facing rapidly declining profits, Dirk Vens, CEO of Curana, decided to change the firm†s strategy
firms profit from pursuing markets that are too small (at least initially) to interest large companies
advantages compared to large companies depending on the activities that drive profits in different industries We found that SMES can have a considerable advantage
value for a specific customer group at a profit. The value of open innovation activities in
was that 25 small profit centers could work with a relative autonomy to increase creativity and
and generate more profits and increasing profitability can be the result of several changes. We have emphasized
allows companies to implement business models that generate more profits. We provide illustrations from the SMES we have analyzed
profits in this way. Close collaboration with technology partners with leading-edge competences and detailed knowledge of the challenges of textile producers are key factors that explain why Devan
How do the manufacturers profit from participating in PROF? First, they gain direct access to potential
but also about sharing profits equitably 71 6. Developing an open innovation network also requires that partners manage the balance between
profits as long as the company can protect (or hide) a specific part of the total solution from its
In this way, increasing profits is the result of building control points for the innovating firm
SMES have limited for instance ability to profit from their intellectual property because they lack enforcement power,
Isobionics profits from the collaboration with DSM in different ways: First, it got access to a game-changing technology
so that competitors could not profit from ideas. In open innovation, firms manage IP in a different way:
governmental or other not-for-profit institutions. Administrative burdens are also prominent when the company receives governmental subsidies and grants
new ways to gain significantly more profits with the new business models. In Chapter 3, we enter the
and design a profit formula 11 The attractiveness and financial viability of a business model erodes over time as price competition starts
successfully to deliver more value for the customer at a profit. In contrast with large firms, SMES
but it was increasingly difficult to make profits as price competition intensified over the years. The competitive landscape changed drastically in the mid
Facing rapidly declining profits, Dirk Vens, CEO of Curana, decided to change the firm†s strategy
firms profit from pursuing markets that are too small (at least initially) to interest large companies
advantages compared to large companies depending on the activities that drive profits in different industries We found that SMES can have a considerable advantage
value for a specific customer group at a profit. The value of open innovation activities in
was that 25 small profit centers could work with a relative autonomy to increase creativity and
and generate more profits and increasing profitability can be the result of several changes. We have emphasized
allows companies to implement business models that generate more profits. We provide illustrations from the SMES we have analyzed
profits in this way. Close collaboration with technology partners with leading-edge competences and detailed knowledge of the challenges of textile producers are key factors that explain why Devan
How do the manufacturers profit from participating in PROF? First, they gain direct access to potential
but also about sharing profits equitably 71 6. Developing an open innovation network also requires that partners manage the balance between
profits as long as the company can protect (or hide) a specific part of the total solution from its
In this way, increasing profits is the result of building control points for the innovating firm
SMES have limited for instance ability to profit from their intellectual property because they lack enforcement power,
Isobionics profits from the collaboration with DSM in different ways: First, it got access to a game-changing technology
increase their profits which does not correspond to socially efficient allocations. In reality there are few, if
and lobby groups maximise their individual utility and the profits of their members, respectively. Governments may have different objectives.
Growing profitable or growing from profits: Put -ting the horse in front of the cart? In: Proceedings Max Planck Institute Schloss Ringberg Conference
Illawarra-based entrepreneurs who are looking to drive their businesses to achieve increased profits and sus
increase their profits which does not correspond to socially efficient allocations. In reality there are few, if
and lobby groups maximise their individual utility and the profits of their members, respectively. Governments may have different objectives.
Growing profitable or growing from profits: Put -ting the horse in front of the cart? In: Proceedings Max Planck Institute Schloss Ringberg Conference
Illawarra-based entrepreneurs who are looking to drive their businesses to achieve increased profits and sus
public or not-for-profit organisations in the science and technology system, and companies Government of Catalonia, European funds, State
public or not-for-profit organisations in the science and technology system, and companies Government of Catalonia, European funds, State
-profit organisations representing citizens and workers should all be taken on board of the design process of RIS3.
-governmental, not-for-profit institutions have few means to follow through on their initiatives The RDI system
splitting and protection of the knowledge become predominant and decisive for long term profit gaining and sustainability assurance†(Nicolescu, 2011
profit-based performance measure, is more conducive to firm innovation; and (3) CEO education level, professional background
 non- †profit  organisation  commit- †ted  to  the
entrepreneurs as discoverers and early exploiters of previously-unnoticed profit opportunities. They gain temporary monopolies until the attention that they draw to the
which eliminates the profit. Innovation occurs as entrepreneurs discover new opportunities. But as opposed to Schumpeter†s view of the
profit opportunities will open up and providing products, processes and business models to fit †at the risk of failure.
shows for example how unbalanced taxes on company profits and losses and high average tax rates on SMES relative to large firms can diminish SME and entrepreneurship
Entrepreneurship is not only about profit -making. Social entrepreneurship and social innovation are important features of a
Knight, F. 1921), Risk, Uncertainty and Profit, Chicago University Press, Chicago Jensen, M.,B. Johnson, E. Lorenz and B. Lundvall (2007), â€oeforms of Knowledge and Modes of
An Inquiry into Profits, Capital, Credit, Interest and the Business cycle, Harvard university Press, Cambridge MA Shane, S. 2004), Academic entrepreneurship.
maximum of 50%of annual profit. In case of bankruptcy, the loan may be lost altogether. The time frame
selected firm variables (profit, turnover, employment growth, third-party funding and profit turnover ratio), labelled firms are performing better than non-labelled firms.
up with at least one small or medium-sized for-profit company, or may participate as a member within a
it, which would diminish the entrepreneurial profit to the point where present costs outweigh expected returns. One can only conclude, then, that different beliefs about
and in entrepreneurship, both â€oecommercial†(for-profit businesses pursuing as a primary objective economic value and its appropriation) and social (primarily
-profit sector †is difficult. This is due not only to the variety of the entities belonging to the
actually exceed for-profit wages in many of the fields where both sectors operate; Despite
the for-profit and public sectors? While many social entrepreneurship initiatives can be found in the nonprofit sector, some social entrepreneurship â€oeattitudes†also concern other sectors:
for-profit sector (for-profit business reaching outstanding, concrete levels of social responsibility and a high level of creation of social value) and the public sector6 (central
Box 5. 2. Social entrepreneurship â€oeattitudes†in the for-profit sector Corporate social responsibility (CSR) is a concept distinct from that of social
Box 5. 2. Social entrepreneurship â€oeattitudes†in the for-profit sector (cont â A project for setting up residences to host mentally disabled people who have outlived their
traditional for-profit business do not, but where services are needed most by a local population that is not always in a position to pay for the services that traditional for-profit
business would provide at a higher price. In fact, as social enterprises can mix their financial resources combining public subsidies, grants and donations, market revenues
action is needed across the various sectors involved (nonprofit, for-profit, and government). ) Indeed, meeting the economic and social challenges of the coming decades
and innovation in the nonprofit sector or for profit private sector that improves public services or provides new ones.
It was founded as a mission-based, for-profit enterprise, in Dublin in 2005 by a serial
-profits, social entrepreneurs, corporations and foundations †as partners in solving social challenges. Located within the Domestic Policy Council, it will seek to:
of entities along a continuum from profit-oriented business engaged in socially beneficial activities (corporate philanthropies) to dual purpose business that mediate profit goals with social
objectives (hybrids) to nonprofit organisations engaged in mission supporting commercial activity social purpose organisations) †(2006, p. 2) and the narrower one in the EU (usually enterprises with
â€oenon-profit organisations more oriented towards the market and developing †earned income strategies†as a response to decreasing public subsidies and to the limits of private grants from
They argue that only social purpose ventures (for-profit) and enterprising nonprofits belong to the landscape of social entrepreneurship. â€oeregardless of profit
orientation, social entrepreneurs identify opportunities to solve social problems: both people and planet problems†(p. 18
through long-term projects, not constrained by the need of making profits in the short term, can
First, in the for-profit sector, social entrepreneurship encompasses activities emphasising the importance of a socially engaged private sector,
approaches in the not-for-profit sector in order to increase organisational effectiveness and foster long-term sustainabilityâ€.
ends rather than for-profits objectives, or alternatively, that profits generated are used for the benefit
of a specific disadvantaged group. †(p. 288 Institute for Social Entrepreneurs 2002 â€oesocial entrepreneurship is the art of simultaneously pursuing both a financial and a social return on
Thompson 2002 â€oealthough social entrepreneurship is in evidence in many profit-seeking businesses †sometimes in
profit organisations, or nonprofits in association with for-profits. †(p. 25 Sullivan Mort Weerawardena and
Carnegie 2003 â€oesocial entrepreneurship, the entrepreneurship leading to the establishment of new social enterprise and the continued innovation in existing ones. †(p. 76
the profit is invested in the activity or venture itself rather than returned to investors. †(p. 5
motivated by profit maximisation and diffused through organisations that are motivated primarily by profit maximisation. There are of course many borderline cases, for example models
of distance learning that were pioneered in social organisations but then adopted by businesses, or for-profit businesses innovating new approaches to helping disabled people into work
But these definitions provide a reasonable starting point (and overly precise definitions tend to limit understanding rather than helping it) †(Mulgan et al.
-profit sectors Entrepreneurship skills The skills that an entrepreneur needs to start and operate successfully a new firm
maximise profits on existing products and services Innovation system The actors, institutions and relationships which interact in the production, diffusion
entrepreneurial strategy and whose main purpose is not the maximisation of profits, but the attainment of certain economic and social goals.
opportunities in order to maximise profits Social innovation A type of innovation that answers to social problems by identifying
Box 5. 2. Social entrepreneurship â€oeattitudes†in the for-profit sector Social entrepreneurship practices Box 5. 3. Health and Social Care Cooperative (Wonju, Korea
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