Social Entrepreneurship: Enabling Change in the Society

Authors

  • Sharon Mae E. Catolico

Keywords:

Social entrepreneurship, social enterprise, Philippines

Abstract

INTRODUCTION

The Philippines is a populous country with about 109.16 million people who are geographically dispersed in about 7,107 islands and a youthful country with about 34% of the population are under 14 years old where more than a quarter of the population lives below the poverty line. The country isalso beset with a number of social problems and one peculiar among those is poverty. It is likewise noted that the social enterprise movement in the country, which address concerns on poverty, is growing and evolving fast. It is in this context that the researcher is interested to understand what social entrepreneurship is and how it changes the face of society, especially a poverty stricken one like the Philippines.

 

METHODS

The study utilized the descriptive research design. Social entrepreneurship was described. Archival research is specifically used type of descriptive research design since this method uses existing data or record in answering the research questions.

 

RESULTS

A social enterprise is a business without profit maximization purpose in which the objective is to overcome or alleviate a global or local issue such as poverty. As any other business, financial numbers and cash flow must be in line with what is expected and sustainable in the end. Profit stays in the company for expansion and improvement. These social entrepreneurial principles are set to start making changes in the society. The study suggests an emerging and optimistic social enterprise sector buoyed by a strong drive to address social issues.

 

DISCUSSIONS

Social entrepreneurship therefore is important for social and economic development of the country. It generates employment, economic development, and financial capital formation. It is a creative and innovative way that could enable change in a society -froman impoverished to a prosperous Philippines.

Published

2019-01-18