Social entrepreneurship is emerging as an innovative approach for dealing with complex social needs. With its emphasis on problem solving and social innovation, socially entrepreneurial activities blur the traditional boundaries between the public, private and non-profit sector, and emphasize hybrid models of for- profit and non-profit enterprises. These are revenue-generating businesses with some conditions committed to the society. Irrespective of whether it is operated by a non-profit organization or by a for-profit company, a social enterprise has two goals:to achieve social, cultural, community economic and/or environmental outcomes; and,to earn revenue.These enterprises look, feel, and even operate like traditional businesses, producing goods and services for the market, but manages its operations and redirects its surpluses in pursuit of social and environmental goals.
These enterprises move with the aim training and/or employment of people who are typically excluded from the mainstream economy, thus creating capacity and self-sufficiency for individuals, and impacting their communities and lessening reliance on the social safety net. These enterprises have an entrepreneurial approach to addressing social issues and creating positive community change.
In context of Bangladesh with 163 million (2016) population where 86.85% are in the the age in which people have to live their life earning doing jobs. These people are working for themselves not for the society as being an underdeveloped country they hardly get time and focus to work for the society. In this scenario if the capitalists of the nation think of establishing social enterprises the things will automatically moves towards the benefit of the society. No one will have to put an extra efforts the focus automatically will be there in the system.
For majority of social objectives we are dependent on developed countries grant, these developed countries are also shrinking their hands and focusing on other issues, therefore if the organisations start having social objectives, the dependence on these grants will be reduced and we will move towards the direction of developing countries.
We all are noticing that our sustainability awareness has been rising in the past years. Even the crisis and natural calamities have not effected the society that much as these used to be before, as the progressive natives of the country have learned how to defeat these odds. This proves the demand of market for businesses with social mission, which will bring sustainability in all the aspects, from the physiology of a native to the work he performs for his living.
People of Bangladesh go to other countries and do odd jobs as of unemployment in the country or unorganized business organisations which care least of human. When enterprises in Bangladesh will take a turn towards social enterprises, the human rights and strong human relation policies will come in the practice by the people and for the people. Emergence of social enterprises in Bangladesh will take the nation in the category of developing countries and the day is not far that we will be known as a society to be looked upon by the world for its contributions towards the society.
VIGNESH KHAJURIA, YSSE Member
Photo Source: The New Nation