Nigeria Social Enterprise Perception on Social Issues, Profit Maximization, Innovation, and Knowledge Sharing for Poverty Eradication (original) (raw)
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Social entrepreneurship has gained increasing attention as a means to address social problems, including poverty, in Nigeria. Poverty is a major challenge in Nigeria, with a poverty rate of over 40%. Poverty alleviation is critical to achieving sustainable development in the country. Social entrepreneurship can play a key role in addressing poverty by creating jobs, providing access to goods and services, and promoting economic growth. Hence, this study examines bolstering the impact of social entrepreneurship and poverty alleviation for sustainable development in Nigeria. The research focuses primarily on fostering economic, social, and environmental improvements, as well as improving people’s lives. Three hypotheses were formulated to help accomplish the primary objectives of the study. The Opportunity-Based Entrepreneurship Theory, Social Network Theory, and Schumpeterian Theory of Innovation were used to explain the objective of the study. In this study, a purposive sampling tec...
International Journal of Entrepreneurial Development, Education and Science Research | IJEDESR ISSN Hard Print: 2360-901X | ISSN Online: 2360-9028 | Volume 4, Number 2 August, 2017, 2017
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Social entrepreneurship has drawn interest from global policy makers and social entrepreneurs to target developing countries. Generally, not-forprofit organizations, funded by government and donor grants have played a significant role in poverty alleviation. We argue that, by applying entrepreneurial concepts, organizations can create social value, hence mitigate poverty. This is a theoretical paper that builds upon a multidimensional model in analysing how three social enterprises from India and Kenya create social value to address social problems. The findings suggest that whilst the social mission is central to all these organizations, they also create social value through innovation and pro-activeness. Additionally, the cultural and political environmental contexts hinder their attempt to create social value. Building networks and partnerships to achieve social value creation is vital for these organizations. Policy makers should devise policies that would assist social enterprises to achieve development goals.