| dc.description.abstract | Social entrepreneurship is a subsector of
entrepreneurship with a growing trend. This
allows people to solve social or environmental
issues while having an income. This concept is
all about sustainability where the solution not
only fixes the social issue but business entity
should be continued to be sustain without
losing. So it is different from both charity and
traditional profits only focus businesses. In Sri
Lanka Social Entrepreneurship (SE) eco system
is at a very early stage and it is worthwhile
discussing how SE can contribute to support
the society. Even in Sri Lanka below poverty
line population is 4.1%, some districts it is over
20% and during the time Samurdhi
beneficiaries head count increases where
people need more support which is not helpful
for the economy of the country. When
compared to GDP growth rate presently Sri
Lanka is below some of the lower middle
income countries. Therefore it important to
discuss what can social entrepreneurship does
to recover from current situation of Sri Lanka.
This study adopts qualitative research
approach and used multiple-case approach to
gather data required to understand and fulfill
the research gap. Eight interviews were
conducted from five different sectors to
collect data. Then the interviews were
translated in to English whenever necessary
and transcripts were prepared for further
analysis. Research findings gave a clear view
of the current status of social
entrepreneurship in Sri Lankan context
covering initial funding, challenges and how
to overcome them, about profit reinvestment, future expansion plans, overall
understanding of social enterprises, poverty
factor, and finally reasons for failing of
current social support systems. Then author
discuss about contribution of social
entrepreneur to the society. From the
collected data from interviews author
identified available social enterprise models in
Sri Lanka and suggested a universal social
enterprise development model that can be
used by social enterprise developers. Finally
effective framework has been suggested to
improve social entrepreneurship in Sri Lanka. | |
