Entrepreneurship with Social Development
ENTREPRENEURSHIP WITH SOCIAL DEVELOPMENT
PRINTHYA.R MBA- IST YEAR ISSM – ‘B’ SCHOOL Introduction: In the recent years there has been strong growth in the studies of social entrepreneurship on the level of business administration and microeconomics. This has been especially the case since Muhammad Yunus, founder of the Grameen Bank and a renowned example of a social enterprise, won the Nobel Peace Price in 2006. However, the increase in academic interest has largely been confined to case studies or efforts to find a common definition of social entrepreneurship (Pariyar and Ward, 2005, p.1). What the current academic literature does not provide is a link between social entrepreneurship and economic development policies. How important are social entrepreneurs for economic development and what are the policy implications?
After defining the term social entrepreneurship as dealing with organizations at the intersection of non-profit and business enterprises this essay analyses the importance of social entrepreneurship for economic development policies. It will be demonstrated in four paragraphs that the social entrepreneur sector is increasingly important for economic development policies because it creates social and economic values:(1) Employment development, especially significant for the disadvantaged segment
PRINTHYA.R MBA- IST YEAR ISSM – ‘B’ SCHOOL Introduction: In the recent years there has been strong growth in the studies of social entrepreneurship on the level of business administration and microeconomics. This has been especially the case since Muhammad Yunus, founder of the Grameen Bank and a renowned example of a social enterprise, won the Nobel Peace Price in 2006. However, the increase in academic interest has largely been confined to case studies or efforts to find a common definition of social entrepreneurship (Pariyar and Ward, 2005, p.1). What the current academic literature does not provide is a link between social entrepreneurship and economic development policies. How important are social entrepreneurs for economic development and what are the policy implications?
After defining the term social entrepreneurship as dealing with organizations at the intersection of non-profit and business enterprises this essay analyses the importance of social entrepreneurship for economic development policies. It will be demonstrated in four paragraphs that the social entrepreneur sector is increasingly important for economic development policies because it creates social and economic values:(1) Employment development, especially significant for the disadvantaged segment