Social entrepreneurship: diversity of theoretical concepts and practical applications in case of Latvia

Abstract

Purpose – Nowadays there is no any dominance observed among the different theoretical concepts describing phenomenon of social entrepreneurship. Therefore the aim of the present article was to explore various theoretical concepts of social entrepreneurship and to illustrate specific examples of their practical application in Latvia.

Design/methodology/approach – Literature studies, analysis of statistical data, logical and comparative analysis.

Findings – In the present article the authors expose their views on interpretation of term of social entrepreneurship, supporting the idea that economically effective business incentives and commercially successful solutions create the basis for gaining social benefits for the communities.

Originality/value – According to the most common approach applied for the analysis of social enterprises on the base of qualitative assessment of their social and economic performances, the various types and activity of already existing social organizations in Latvia is described.