The Impact of Cultural and Economic Factors on Social Entrepreneurship and Sustainable Development Goals
Year: 2023
Type: article
Abstract: Objective: Understanding the role of social entrepreneurship in supporting Sustainable Development Goals (SDGs) while addressing complex social issues and promoting responsible resource use. Method: Analyzing the impact and characteristics of social entrepreneurship in relation to SDGs, considering its focus on neglected regions, eco-friendly products, and balancing financial returns with social objectives. Result: Social entrepreneurship plays a crucial role in addressing social and environmental challenges such as poverty, inequality, climate change, and environmental degradation. It leads to economic development, improved access to goods and services, and the creation of sustainable communities. Conclusion: Social entrepreneurship aligned with SDGs offers innovative solutions to intricate social problems while contributing to economic growth. By balancing financial viability and social impact, these ventures attract investors and generate positive changes in society and the environment. This approach enables the growth of self-sustaining enterprises that can lead to lasting improvements in various domains.
Authors: Brijmohan Singh, Indravesh
Institution: Kalinga University
Language: English
Subfield: Management of Technology and Innovation
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4386638488