Entrepreneurship and Innovation Glossary 1st Edition

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General

Social Entrepreneurship

Social Entrepreneurship

The utilization of entrepreneurial concepts to establish a business with the primary goals of tackling social issues and making a positive impact on society.

General

Software as a Service (SaaS)

Software as a Service (SaaS)

A Software distribution model which involves hosting applications and licensing them to consumers based on subscriptions. The software vendor may also choose to involve a third party, responsible for hosting the application

General

Sole Proprietorship

Sole Proprietorship

A business that is owned and managed solely by one individual, who is responsible for both the profits and losses incurred.

General

Stakeholders

Stakeholders

Individuals, groups, or entities that have an interest or concern in the activities, operations, or outcomes of a company or organization. They can be both internal and external to the company and may include employees, customers, suppliers, investors, shareholders, government agencies, communities, and non-governmental organizations (NGOs), among others. They have varied interests and perspectives, which may include financial, social, environmental, ethical, or legal considerations. They can influence or be influenced by the decisions, actions, and performance of the company, and they often play a role in shaping the company's policies, strategies, and reputation.

General