Aussie-Sino Studies

2016, (1) P1-P9

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Factors Influencing the Development of Social Business Entrepreneurship in a Developing Country

Mohammad Omar Faruk 1 ; Nazmul Hassan 2 ; Dr Nazrul Islam 3

摘要(Abstract):

Social business entrepreneurship (SBE) is a contemporary phenomenon for the socioeconomic development of a country like Bangladesh. It refers to the creation of solutions of social problems by creating innovative ideas, increasing social value, and consistently pursuing new opportunities for the benefits of the society rather than private wealth creation. The main motives of social business entrepreneurship are social welfare and value creation through the display of innovativeness, leadership, and risk management. The aim of this paper is to identify the factors affecting the development of social business entrepreneurship in Bangladesh. It illustrates the context-specific nature of the phenomenon and derives implications for fostering the social business entrepreneurship as a positive force for the socioeconomic development of Bangladesh. Several important factors that contribute to the development of the social business entrepreneurship are social welfare and value, non-profit motives, knowledge, skills and experiences, innovative ideas, ethics, social network, leadership, local and governmental policies, institutional support, etc. This paper suggests that the government and large business houses should come forward for the development of SBE in Bangladesh.

关键词(KeyWords): social business, social business entrepreneurship, determinants of social, business entrepreneurship, social innovations, social leadership

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作者(Author): Mohammad Omar Faruk 1 ; Nazmul Hassan 2 ; Dr Nazrul Islam 3

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