Most of the world's population - around 4 billion people - earn less than $2/day and are therefore not significant as targets for innovation.

The primary aim of social entrepreneurs is to create personal wealth.

Social entrepreneurship always requires the participation of charitable foundations.

Firms will only engage in social entrepreneurship if they are offered tax concessions.

A social entrepreneur is someone who recognizes a social problem and uses traditional entrepreneurial principles to organize, create, and manage a venture to make social change.

Innovation is always driven by the profit motive.

There is an irreconcilable conflict between the goals of social entrepreneurship and for-profit entrepreneurial activity.

Social entrepreneurs are typically solo acts and less reliant on networks of support than commercial entrepreneurs.

Social innovation only applies to developing countries.

Social innovation is the province of small-scale and lone entrepreneurs.