The State, Role And Challenges Of Social Entrepreneurship In Malaysia
Year: 2023
Type: conference-paper
Abstract: The present study investigates the current status of social entrepreneurship in Malaysia, with a particular emphasis on the legal frameworks governing social entrepreneurship and the extent to which governmental support facilitates their growth. This study provides multi-dimensional overview of the key challenges face by social entrepreneurs in Malaysia. It addresses issues related to lack of awareness among the public, lack of funding and poor governance. To understand the current state, roles and challenges of the social entrepreneurship in Malaysia, the paper used utilised qualitative data drawn from interviews with social entrepreneurs. This paper also utilises extant research and literature to offer perspectives on the legal structure and governmental endeavours that bolster social entrepreneurship in Malaysia. This paper highlights the contemporary endeavours undertaken by the Malaysian government to bolster the development of social entrepreneurship, with a particular emphasis on their capacity to augment economic progress and mitigate socioeconomic inequalities. The New Economic Model acknowledges the significance of social entrepreneurship in tackling social issues, particularly poverty, and delineates their impact in realising a high-income society.
Language: English
Subfield: Management of Technology and Innovation
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W4388664005