How to Turn Entrepreneurs into Social Entrepreneurs? A Challenge for Developing Countries
Journal of Social Business, No. 2, July 2011
21 Pages Posted: 10 Jul 2011 Last revised: 10 Sep 2014
Date Written: July 9, 2011
In developing countries, entrepreneurial skills play an essential role in the creation of successful social businesses. Because there are no better people than existing entrepreneurs when developing new businesses, we argue that governments and multilateral organizations should rely on them to promote the concept of social business. But are existing entrepreneurs ready to turn into social entrepreneurs? In this article we analyze the characteristics of entrepreneurs in developing countries, provide insight into their mindset toward social entrepreneurship, and produce policy recommendations that may help persuade them to become social entrepreneurs.
Keywords: Entrepreneurship, Social Entrepreneurship, Developing Countries, Policy Recommendations, Multilateral Organizations
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