Social Entrepreneurship and Sustainable Development (original) (raw)
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Sustainability
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
his paper investigated and shed light on how social entrepreneurship enables T economic opportunities for the poor, thus eliminating social and economic problems in society. It also attempts to better understand the role of social entrepreneurship in enabling economic opportunities for the poor. To achieve the purpose, possible links through which social entrepreneurship enables economic opportunities are developed based on a survey of the literature. Data were collected through the use of the questionnaire. Using the descriptive survey method, random simple sampling technique was basically Spearman's Rank Correlation. The hypothesis was formulated. From the result, the model showed that social entrepreneurship has a positive significant impact on the economic opportunity for the poor as a measure (p-value (0.013) of the spearman's rank correlation is less than 0.05). The study recommended that individual and the government need to work hand in hand to promote social entrepreneurship and wealth creations.
Advances in Research, 2019
This paper examined the impact of social entrepreneurship on sustainability of business development in Nigeria. The objectives of the study include: to identify major evolution experienced by social enterprise in Nigeria, to identify key challenges in social entrepreneurship in Nigeria, to identify current trends in social entrepreneurship in Nigeria, and to carry out an analysis on sources of funds for financing the social entrepreneurs. Survey approach was the research design used with particular reference to selected small and medium enterprises (SME) in Nigeria. It was observed that political factors, economic factors, socio-cultural factors, cross country factors and technological factors are the major evolution experienced by social enterprise in Nigeria. It was also observed that lack of education in entrepreneurship, lack of financial assistance, comparative disadvantages to business, lack of government support and lack of skilled manpower are the key challenges in social en...
The Role of Social Entrepreneurship in Enabling Economic Opportunities for the Poor in Nigeria
The interest for this research topic was developed from a class assignment in 2 nd sememster of my M.Sc program, the course titled ETR 750 (Social Entrepreneurship). Our first day in the class, our lecturer Prof. Adedapo, asked us to think of any social problem which we wish to solve, I came up with the idea to solve just two problems which are related but not the same, " poverty and unemployment " with the use social entrepreneurship approach. This paper aims to shed light on how social entrepreneurship enables economic opportunities for the poor, thus eliminating social and economic problems in society. It also attempts to better understand the role of social entrepreneurship in enabling economic opportunities for the poor. To achieve the purpose, possible links through which social entrepreneurship enables economic opportunities are developed based on a survey of the literature. The researcher also came up with a social enterprise model which will solve poverty Nigeria.
SOCIAL ENTREPRENEURSHIP: A NEW APPROACH TO COMMUNITY DEVELOPMENT IN NIGERIA
Social entrepreneurship is not a new phenomenon. Although the practice has always existed, for many reasons, the concept is gaining popularity in recent years. While the focus has been on business entrepreneurship as a tool for economic growth and development, the light is now on social entrepreneurship, which entails tackling pressing social issues using a sustainable business model. Community development efforts have met with various challenges and limitations that hamper sustainability. The emergence of social entrepreneurship as a hybrid approach and positive force for transforming communities suggests the possibility of dealing with the key challenges of poverty, unemployment, illiteracy, climate changes, health care challenges, insecurity and other social and economic issues. This paper throws light on who social entrepreneurs are, what they do and the role they play in achieving sustainable community development and democracy. Using a conceptual framework to show a flowchart of the community development process, the findings indicate that social entrepreneurship is a veritable tool for community development in Nigeria and can play a vital role for social and economic growth. The paper concludes with suggestive implication for policy and practice that could provide a better insight on the role of social entrepreneurship in sustainable community development.
Social Entrepreneurship and the Growth of Small and Medium Enterprises in Lagos Metropolis
Journal of Accounting and Management , 2021
Social entrepreneurship are not as prominent at it should be in most developing economies; hence its benefits are yet to be fully exploited by most small and medium enterprises. This study examined the effect of social entrepreneurship on the growth of small and medium scaled enterprises in Lagos State, as this relationship still remains largely unexplored in the literature. Specifically, the study assessed the influences of creative social values, creative innovation, creative technology, corporate social responsibility and resource mobilization on the growth of small and medium enterprises in Lagos State, Nigeria. Design/Methodology/Approach: Consequently, three hypotheses were formulated and were tested for by the study. Descriptive survey design was adopted and the population of the study consists of eight thousand three hundred and ninety six (8396) small and medium enterprises located in Lagos, out of which 382 were sampled. The data collected for the study after administering copies of questionnaire to 382 selected business owners of selected in both Yaba and Mushin Local Government Area. Pearson's Product Moment Correlation was employed in the analysis the postulated hypotheses. Findings: Findings indicated that there is significant relationship between creative social values, creative innovations, creative technologies, corporate social responsibility, resource mobilization and the growth of small and medium enterprises. Implications/Originality/Value: Therefore, the study concludes that all of the predictor variables of the study are positive and significantly explains the growth of small and medium enterprises in Lagos state except for corporate social responsibility that negatively impact on the growth of small and medium enterprises.
World Journal of Advanced Research and Reviews, 2021
Social entrepreneurship is not a new-fangled observable fact in Nigeria. Though the practice has constantly existed, for countless reasons, the concept is gaining reputation in current years. Although the focus has been on business entrepreneurship as a tool for economic development, the light is now on social entrepreneurship, which entails attempting to serious social issues for sustainable community development. Community development efforts have met with diverse challenges that hamper sustainability of the society. The appearance of social entrepreneurship as a cross move towards positive force for transforming communities put forwards the prospects of dealing with the key challenges of lack of support by government, deficiency of financial assistant, changing environment, out of pocket work, domination by wealthy founders and philanthropists, lack of skilled manpower, poverty, unemployment, illiteracy, climate changes, health care challenges, insecurity and other social and economic issues. This paper throws light on who social entrepreneurs are what they do and the role they play in achieving sustainable community development. Using a conceptual framework defined social entrepreneurs, characteristics, principles and role of social entrepreneurs towards community development process. The paper concludes with suggestive principles that could provide an enhanced insight on the role of social entrepreneurs in community development. To enhance their impact, social entrepreneurs should involve beneficiaries trapped within socioeconomic problems in the process of community development.
A Social Entrepreneurial Model from Nigeria
2012
Dees (1998) defines entrepreneurship as characteristic of people who adopt a mission to create and sustain social value; recognize and relentlessly pursue new opportunities to serve that mission; continuously innovate, adapt, and learn; act boldly and beyond their resources; and exhibit a high sense of accountability. He sees it as a solution to social issues left unresolved by government and philanthropists. Given the success of the social work carried out by Nike Davies Okundaye, a female Nigerian artist and entrepreneur, this paper investigates how her brand of social entrepreneurship measures up beside the extant literature, and whether it is replicable, especially in developing countries. If it is a good model, then it should be emulated and funding. The approach used is phenomenology (Moustakas, 1994), using secondary data about Nike’s work and parameters synthesized by Dees (1998) and Light (2005) seven years apart after deep analyses of the work of earlier scholars.
Social entrepreneurship as a panacea for insecurity challenges in northern Nigeria
2014
The myriad of problems facing Northern Nigeria, especially high poverty incidence, illiteracy, economic inequality, and conflicts cannot be adequately overcome by the government alone. There is the urgent need for an alternative community intervention mechanism to compliment government’s efforts in confronting social problems on sustainable basis. Today, Social Entrepreneurship is considered critical in achieving vital socio-economic objectives in nations worldwide. Unfortunately, the subject has not received adequate attention in academic and policy discussions in Nigeria.This paper, therefore, is aimed at examining the concept of Social Entrepreneurship in the Nigerian context and also shows how innovative social interventions have assisted in reducing the menace of insecurity problems in Northern Nigeria.The analysis conducted in the paper has benefited extensively from contemporary literature on the subject, observations and interviews with members of three community organisatio...