Logo
Munich Personal RePEc Archive

Social Entrepreneurship as a Tool to Promoting Sustainable Development in Low-Income Communities: An Empirical Analysis

Sauermann, Miklas Pascal (2023): Social Entrepreneurship as a Tool to Promoting Sustainable Development in Low-Income Communities: An Empirical Analysis.

This is the latest version of this item.

[thumbnail of MPRA_paper_117053.pdf]
Preview
PDF
MPRA_paper_117053.pdf

Download (619kB) | Preview

Abstract

Social entrepreneurship has emerged as a contemporary driver for promoting sustainable development in low-income communities. However, the factors contributing to the success of such initiatives and the obstacles faced by social entrepreneurs remain poorly understood.

To address this knowledge gap, this study employs a mixed-methods approach, drawing on data collected from surveys of 60 community members and interviews with 20 social entrepreneurs operating in low-income communities to examine the role of social entrepreneurship in fostering sustainable development.

The findings reveal that effective initiatives require strong leadership, community engagement, funding accessibility, and adaptability, as well as that social entrepreneurship has the potential to advance sustainable development through the provision of innovative solutions to complex social and environmental problems, the promotion of local economic development and the enhancement of community resilience.

The study further underscores the difficulties social entrepreneurs face in low-income communities, including navigating complex regulatory environments, securing funding, and establishing community trust. Addressing these obstacles requires collaboration between social entrepreneurs, policymakers, and other stakeholders, as well as the development of tailored support mechanisms that address the unique needs of social entrepreneurship initiatives.

Available Versions of this Item

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.