Revisiting the Prospects of Social Entrepreneurship on Social Development: An Analysis (original) (raw)
ocial development is an interesting field of study and action which have witnessed a large number S of experiments and exploration in the recent decades. The result of such interventions and operations are both critical and appreciable. Social development is a comprehensive measure of large number interrelated indicators. Different approaches have been emerged in the course of history for addressing the issues of social development. Government, private and non-profit sectors are actively involved for the cause of social development through unique approaches. The scope of social entrepreneurship is not limited unlike business entrepreneurship which has its concentration on the economic growth/profit that too limited to the benefit of an individual or group of individual. Individuals, group's civil society organizations and communities are the typical stakeholders who have been used it as a tool for social development and change. Social entrepreneurship has two dimensions; it aims to solve an existing social problem and the people who have involved will have sustainable benefits from the innovative approach. The present paper attempts to conceptualize and correlates the role of social entrepreneurship towards the positive and participatory social development. Two unique cases of innovative social entrepreneurship were analyzed to examine the strategies adopted and the extent which contributed to sustainable social development
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