Social Entrepreneurship: Bridging Service Gaps and Addressing Inequality

Social entrepreneurship has emerged as a transformative force aimed at addressing societal issues while generating sustainable social and environmental impact. This study explores the role of social entrepreneurship in bridging service gaps and combating inequality, focusing on innovative business models and strategies employed by social entrepreneurs to solve critical challenges. The paper investigates how social enterprises are disrupting traditional business approaches by prioritizing social value over profit maximization, particularly in underserved communities. Key themes include the identification of gaps in public services, the role of cross-sector collaboration, and the scalability of social enterprises in addressing issues such as poverty, education, healthcare, and environmental sustainability.Through an examination of successful case studies, this paper highlights the ways in which social entrepreneurship is leveraging creativity, community-driven solutions, and resource optimization to tackle systemic inequality. The paper also addresses the challenges faced by social enterprises, including funding barriers, scaling constraints, and the difficulty in measuring social impact effectively. Furthermore, the paper discusses policy frameworks and institutional support needed to foster the growth of social entrepreneurship globally. By examining the intersection of business and social change, this paper underscores the potential of social enterprises to create lasting change and contribute to the realization of the United Nations Sustainable Development Goals (SDGs).Ultimately, this research illustrates that social entrepreneurship is not only a viable model for addressing inequality but also a critical mechanism for social innovation, offering scalable solutions to some of the world’s most pressing challenges.

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Publication Details

Journal
Nanotechnology Perceptions
Published
2024-12-01
DOI
https://doi.org/10.62441/nano-ntp.vi.4044
Primary Topic
Entrepreneurship Studies and Influences
Type
article
Field-Weighted Citation Impact
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article

Social Entrepreneurship: Bridging Service Gaps and Addressing Inequality

Radhakrishnan Govindan, Rutvij Shah, Uma Shankar, Aarti Sharma et al.
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Nanotechnology Perceptions
Entrepreneurship Studies and Influences
article

Social Entrepreneurship: Bridging Service Gaps and Addressing Inequality

Radhakrishnan Govindan, Rutvij Shah, Uma Shankar, Aarti Sharma, R. Chandini
article en

Abstract

Social entrepreneurship has emerged as a transformative force aimed at addressing societal issues while generating sustainable social and environmental impact. This study explores the role of social entrepreneurship in bridging service gaps and combating inequality, focusing on innovative business models and strategies employed by social entrepreneurs to solve critical challenges. The paper investigates how social enterprises are disrupting traditional business approaches by prioritizing social value over profit maximization, particularly in underserved communities. Key themes include the identification of gaps in public services, the role of cross-sector collaboration, and the scalability of social enterprises in addressing issues such as poverty, education, healthcare, and environmental sustainability.Through an examination of successful case studies, this paper highlights the ways in which social entrepreneurship is leveraging creativity, community-driven solutions, and resource optimization to tackle systemic inequality. The paper also addresses the challenges faced by social enterprises, including funding barriers, scaling constraints, and the difficulty in measuring social impact effectively. Furthermore, the paper discusses policy frameworks and institutional support needed to foster the growth of social entrepreneurship globally. By examining the intersection of business and social change, this paper underscores the potential of social enterprises to create lasting change and contribute to the realization of the United Nations Sustainable Development Goals (SDGs).Ultimately, this research illustrates that social entrepreneurship is not only a viable model for addressing inequality but also a critical mechanism for social innovation, offering scalable solutions to some of the world’s most pressing challenges.

Nanotechnology Perceptions
Decent work and economic growth
Openalex Percentile: Top 58%
Entrepreneurship Studies and Influences
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Social Entrepreneurship: Bridging Service Gaps and Addressing Inequality — Radhakrishnan Govindan, Rutvij Shah, et al. · Nanotechnology Perceptions (2024) | TGRS Research Map | TGRS