Contact Us

If you still have questions or prefer to get help directly from an agent, please submit a request.
We’ll get back to you as soon as possible.

Please fill out the contact form below and we will reply as soon as possible.

  • Courses
  • Tutoring
  • Home
  • Business Management & Operations
  • Strategy, Entrepreneurship, & Innovation

Social Venture - Explained

What is a Social Venture?

Written by Jason Gordon

Updated at April 13th, 2022

Contact Us

If you still have questions or prefer to get help directly from an agent, please submit a request.
We’ll get back to you as soon as possible.

Please fill out the contact form below and we will reply as soon as possible.

  • Marketing, Advertising, Sales & PR
    Principles of Marketing Sales Advertising Public Relations SEO, Social Media, Direct Marketing
  • Accounting, Taxation, and Reporting
    Managerial & Financial Accounting & Reporting Business Taxation
  • Professionalism & Career Development
  • Law, Transactions, & Risk Management
    Government, Legal System, Administrative Law, & Constitutional Law Legal Disputes - Civil & Criminal Law Agency Law HR, Employment, Labor, & Discrimination Business Entities, Corporate Governance & Ownership Business Transactions, Antitrust, & Securities Law Real Estate, Personal, & Intellectual Property Commercial Law: Contract, Payments, Security Interests, & Bankruptcy Consumer Protection Insurance & Risk Management Immigration Law Environmental Protection Law Inheritance, Estates, and Trusts
  • Business Management & Operations
    Operations, Project, & Supply Chain Management Strategy, Entrepreneurship, & Innovation Business Ethics & Social Responsibility Global Business, International Law & Relations Business Communications & Negotiation Management, Leadership, & Organizational Behavior
  • Economics, Finance, & Analytics
    Economic Analysis & Monetary Policy Research, Quantitative Analysis, & Decision Science Investments, Trading, and Financial Markets Banking, Lending, and Credit Industry Business Finance, Personal Finance, and Valuation Principles
  • Courses
+ More

Table of Contents

What is a Social Venture?Academic Research on Social Ventures

What is a Social Venture?

A social venture can be described as a formal agreement, a contract, or an undertaking to solve social problems or effecting social change. So, a social venture can be better explained as the incorporation of business skills to solve social or societal problems. 

Back to: Entrepreneurship

Social ventures are commonly organized as non-profit ventures - but this is not mandatory. 

There are many social ventures that are organized as for-profit business. They may be organized specifically as a B-Corporation or pursue a designation is a Certified B Corp (a designation issued by B Labs). 

B-Corporations and B-Corps have a social mission that is perpetuated within the company's business model. 


social venture

Was this article helpful?

Yes
No

Related Articles

  • Bass Diffusion Model - Explained
  • Action Plan - Part of a Marketing Plan
  • Lifestyle Business vs Startup Venture - Explained



©2011-2023. The Business Professor, LLC.
  • Privacy

  • Questions

Definition by Author

0
0
Expand