SOCIAL INNOVATION AND SOCIAL ENTREPRENEURSHIP- AN ELUCIDATION FOR THE PROBLEMS OF MODERN SOCIETY

In this paper, we addressed issues regarding the importance of social innovation (SI) and social entrepreneurship (SE) within a society which is in a profound and rapid change and transformation that marks all the areas of social life. The fundamental objective of the study was to analyze the concepts of social innovation and social entrepreneurship as providers of both social value and growth of life quality. We highlighted the inter-conditioning relationship between these two concepts and showed the need for social innovations to respond to some challenges of the society, such as aging, budgetary pressure and others. This paper proposes a model of social entrepreneurship at the intersection of three sectors: state, market and civil society, in its efforts to meet the more and more sophisticated requests of the contemporary society. Thus, the whole society must be connected to the new innovative social models.