​​This study examines social entrepreneurship as a hybrid model that combines economic and social dimensions. It is based on the assumption that the social interpretation of work-related rules influences how actors adapt to them, and that variations in social regulation can be explained by differences in the cognitive resources and experiential backgrounds of those actors. Drawing on semi-structured interviews with social actors, the study finds that, in some experiences in northern Morocco, this model suffers from weaknesses in its regulatory mechanisms. These weaknesses are reflected in the plurality of normative frameworks, a lack of transparency in the implementation of rules, and limited managerial and project-management capacities. As a result, various dysfunctions are exacerbated, including the distortion of rules and the expansion of exclusionary practices, highlighting the need to reform and strengthen this model and its governance mechanisms.​