What could Entrepreneurship do for Sustainable Development? A Corporate Social Responsibility-Based Approach (original) (raw)
Related papers
Corporate Social Responsibility and Entrepreneurship
Entrepreneurs are the lifeblood of any enterprise. With fresh ideas, they create companies, jobs and products. They also promote causes and a sense of social responsibility. Social responsibility is basically a business intention, beyond its legal and economic obligation to do the right things and act in ways that are good for society. Ethics and social responsibilities of an entrepreneur is certainly an important issue considering the role of social responsibility in society and ethics in business. Social responsibility is beneficial for business community and at the same time for global community. Social responsibility is significant owing to the realism of globalization. The main objectives of the study are to study the corporate social responsibility among the entrepreneurs and know the opinion of entrepreneurs about the benefits of corporate social responsibility. The study was empirical in nature, which includes both primary source and secondary source. For collecting primary data, interview schedule was prepared and administered among 75 sample entrepreneurs. The researcher has used convenience sampling method for the purpose of the collection of data. It is concluded that entrepreneurs have corporate social responsibility benefits of good perception of consumers on products and services, increase corporate financial performance, increase employees productivity, moral, and recruitment and increase the market share.
Entrepreneurial social responsibility: scoping the territory (book chapter)
Ethics in Small and Medium Sized Enterprises: a global commentary., 2010
In this chapter scope the relationship between entrepreneurship and corporate social responsibility (CSR). Both entrepreneurship and CSR have attracted increased interest in the early 21st century and been positioned as offering solutions to economic, social and environmental challenges. Previous attempts to determine causal influence between the two concepts have been inconclusive. We explicate the difficult to define concepts of entrepreneurship and CSR by focusing on entrepreneurial process and positive social change in particular. We identify three distinct approaches to this relationship: ‘mainstream’, ‘counter-cultural / critical’ and ‘reformist’ and locate our contribution in relation to these streams of ideas. Building on the CSR definition of Aguilera et al. (2007), we define Entrepreneurial Social Responsibility (‘ESR’) as the dynamic consideration of, and response to, issues beyond the narrow economic, technical and legal requirements of the firm to accomplish social and environmental benefits along with traditional economic gains. We argue that the territory of ESR can best be explored through the use of a multi-level analysis approach to researching the entrepreneurial process. ESR is important both conceptually and in policy terms and is an advancement because it occupies an intellectual space neither fully revealed nor addressed in existing CSR or entrepreneurship research. In moving towards a response to the research question: In what circumstances is positive social contribution an outcome of the entrepreneurial process?, we present a multi-level conceptual model of ESR. We enhance the CSR field by integrating a dynamic approach into the concept, and enhance the entrepreneurship field by opening up to more systematic study the social and environmental qualities of a social phenomenon that is often interpreted within an exclusively economic and instrumental frame of reference.
International Journal of Science and Research Archive, 2024
This paper explores the concept of sustainable entrepreneurship, focusing on how entrepreneurs integrate environmental and corporate social responsibility into their business ventures for developing smart Bangladesh. It examines the motivations behind sustainable entrepreneurship, the challenges faced by entrepreneurs in implementing sustainable practices, and the impact of such practices on business performance and societal well-being and corporate motives regarding sustainable entrepreneurship. Existing published literature and case studies were analyzed for developing the literature review of this study. This study identifies the current state of sustainable entrepreneurship and the extent to which environmental and corporate social responsibility are integrated into business ventures. This study evaluating the impacts and outcomes of sustainable entrepreneurship practices on business performance, environmental sustainability, and corporate social responsibility. This study also providing insights and recommendations for entrepreneurs, policymakers, and other stakeholders to promote and enhance sustainable entrepreneurship for developing smart Bangladesh.
Special Distinguished Commentary Doing Well by Doing Better: Entrepreneurs and Sustainability
We examine how entrepreneurial ventures can employ sustainability to do well (create a competitive advantage) by doing better (creating more social good than is created by Corporate Social Responsibility). We compare and constrast CSR and sustainability and examine factors influencing the competitive strategies of large, established firms versus entrepreneurial firms. We conclude that established firms are likely to focus on CSR while entrepreneurial ventures are more likely to pursue sustainability as a strategy for creating private and social value and durable competitive advantage. Established firms will do well by doing good, while entrepreneurial ventures will do well by doing better.
Turkish Journal of Entrepreneurship, 2018
Governments and welfare organisations like United Nations Organisation have to a great degree failed in bringing peace, prosperity and inclusive development to our ailing world. It's time to invite the corporate sector that is capable of substantial development to step in the inclusive development process that will lead to prosperous future for all. But the evils in the corporate arena are spreading fast, innumerable recent researches in the field of Corporate Social Responsibility (CSR) prove that the gap between the display of CSR principles on papers and their actual application is widening day by day leading to frauds, mounting corruption and coercion in business spheres. Many corporate bodies are accused of behaving unethically including issues like inadequate salaries to employees, social suppression, killings, detrimental behaviour towards nature, etc. The narrowing corporate goal for an inclusive development is turning into a demonic and immoral money making throat-cut competition. This article focusses on the concepts of CSR and Social Entrepreneurship, various corporate failures and their reasons, and suggests the use of CSR principles through Social Entrepreneurship to make corporate bodies fit to be invited for inclusive development projects.
2020
Nowadays, one of the essential issues of any business is represented by CSR. Corporate Social Responsibility is also known, from a European view, as the “Responsible Business Conduct” of everyone, and so this paper highlights the importance of being responsible from early beginnings. Being actual “revolutionary forces”, entrepreneurs contribute to national wealth and growth, job creation, productivity stimulation, adaptation and innovation to meet ongoing changes in market demands. We analyze the conduct of young entrepreneurs and discuss their knowledge in the matter of CSR. We ask young entrepreneurs: What type of CSR actions their firms undertake? How their age and size of the firm influence CSR actions? Their answers are to be analyzed and discussed in a broader context as one of the European Union. Measuring CSR awareness among young entrepreneurs shows a significant increase at a macro level but still a low rate when looking at other UE countries. Our findings prove that entre...
2016
Corporate social responsibility (CSR) and entrepreneurship of firm both are widely researched scholarly domains. CSR is simultaneously a contested yet widely accepted concept in the academic and practitioner world. Creating shared value embedding social and business objectives together is more or less explored and adopted by the firms and known to the world. However, going beyond embedding social and business objectives for greater value creation is something which has not well explored thus far in the extant literature. Therefore, this study builds on a hitherto ignored linkage in scholarly literature and business practitioner media on how CSR can add wider nonfinancial value to organisations, encouraging them to invest sustainably in social activities. Still CSR is often seen as frivolous or as an act of profiteering whereas this study shows a genuine possibility that investing in CSR can unlock not just novel opportunities for firm entrepreneurship, but a unique interface that ca...
2020
The concepts of Social entrepreneurship and Corporate Social Responsibility have similar values from the social value perspective. Social entrepreneurship focuses on solving social issues, creating a positive social impact in an innovative entrepreneurial way, and profit maximization is not the primary target. Corporations focus on creating economic values and profit maximization; and use the CSR concept as a tool to maintain socially responsible business conduct. Both CSR and social entrepreneurship concepts represent the same sustainable values in different ways. Thus, finding effective methods for accelerating social entrepreneurship through CSR activities will be fruitful for the betterment of the corporation's stakeholders, social entrepreneurs, and society at large. This paper aims to explore the current CSR activities of corporations that influence social entrepreneurship development and to identify the most effective methods/practices to accelerate social entrepreneurshi...
Social Entrepreneurship and Corporate Social Responsibilities
International Business Research, 2012
This article emphasizes the meaning of social entrepreneurship and that of corporate social responsibility and the role held in social value creating process. There are several opinions regarding the distinctions between social entrepreneurship and corporate social responsibility considering the implications, the impact and the stimulus. This article will point out our approach regarding Social Entrepreneurship and Corporate Social Responsibility based on our research made in Cluj County from northwestern part of Romania, by highlighting their characteristics and the way that both processes influence the social environment. The research was made using two types of questionnaires which were applied to commercial enterprises and NGO's with social purpose.