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.
Authors
- Radhakrishnan Govindan (ORCID: https://orcid.org/0000-0002-2417-2785)
- Rutvij Shah
- Uma Shankar (ORCID: https://orcid.org/0000-0003-2524-985X)
- Aarti Sharma (ORCID: https://orcid.org/0009-0004-7542-8615)
- R. Chandini
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
- 0.00