Social Entrepreneurship – A Way for Community Development
Journal Title: International Journal of Management Research and Social Science - Year 2016, Vol 3, Issue 1
Abstract
The concept of entrepreneurship has a long history in the business sector with major objective of creation of value through innovation, but now corporate awareness about triple bottom-line-profit, society and environment leads organization to long-term sustainability. Nowadays, corporate fulfills its social responsibility through CSR and by adopting environmental friendly practices and processes. Apart from fulfilling its traditional objective of profit making, corporate sets social and environmental objective too. Social entrepreneurs use business skills and knowledge to create enterprises that accomplish social purposes. Social entrepreneurship has been widely recognized as a successful way that leads to significant changes in the social and economic contexts for poor and marginalized groups. Social problems—health, education, economic, environmental and cultural are main area of concern for the social entrepreneurship. They take innovative initiatives to build new social arrangements through mobilized resources and business principle in response to those social problems, rather than profit. Social entrepreneurship is a way to catalyze social transformation rather than profit making. Mohammad Yunus and Gramin Bank, Mr. V. Kurian and Amul, N. K. Chaudhari and Jaipur rugs, and SKS micro-finance are few successful examples before us telling that how they took initiative to solve social problems as their main objective along with profit making. The main objective is to find out the role of social entrepreneurship in understanding and solving societal problems for a sustainable world. Research Methodology: An exploratory research is conducted through secondary data collected via different means. Findings: The main findings of this paper are that bottom of the pyramid cannot be neglected, as it is a part of major population. Proper identification and solution of the underprivileged can be better achieved for a peaceful and sustained world through social entrepreneurship.
Authors and Affiliations
Md. Moaz Ali
Keywords
Related Articles
- EP ID EP640428
- DOI -
- Views 141
- Downloads 0
A Brief Study on Salient features of Juvenile Justice (Care and Protection of Children) Act, 2000 and Tamil Nadu Juvenile Justice Act, 2001
This study aims the causes behind juvenile delinquency, and the measures that are being taken for the positive development of the children in conflict with law. The reason for the rising trend of criminal tendencies amon...
Personality Development for Business Entrepreneurship
Entrepreneurship is an attitude which propels the instinctive fear of a person to explore and create the market value with a do it anyway attitude. In that case it is quite evident that it is all possible only because of...
Promotion System in Tamil Nadu Police Service
The efficiency of a department is largely depends upon the intellectual and technical qualifications of its incumbents. No matter how sound the structural organization or managerial mechanics may be, administrative excel...
India’s Foreign Trade Performance of SAARC Countries
The purpose of this paper is to provide an India Export performance of SAARC Countries by taking the selected export products. This paper is based on exports for the across 2004-2014. The present study have been classifi...
Exploring the Role of Media Strategy and new Product Development in long term Success of Market Acceptance - A Case Study of Pogo Channel
The relevance of idea generation and new product development for competitive performance of service industries and for the long term economic growth is a known and recognized idea. In this context, media industries and i...