1. The Role of Social Entrepreneurs in Addressing Urban Poverty: A Global Perspective.
- Author
-
Bhuvaneswari, S. and Shailaja, N.
- Subjects
WEALTH inequality ,BUSINESSPEOPLE ,INCOME inequality ,SUSTAINABLE urban development ,URBAN poor - Abstract
This paper examines the pivotal role of social entrepreneurs in combating urban poverty across diverse global contexts. Urban poverty presents a multifaceted challenge, exacerbated by rapid urbanization, economic inequality, and inadequate access to essential services. Social entrepreneurs emerge as key players, leveraging innovative solutions to address these systemic issues. By integrating social objectives with entrepreneurial strategies, they create sustainable business models that empower marginalized communities and foster economic resilience. The study explores various case studies that highlight successful social enterprises worldwide, illustrating how these initiatives tackle specific urban poverty challenges such as unemployment, lack of education, and inadequate healthcare. Furthermore, the paper discusses the critical factors that contribute to the effectiveness of social entrepreneurship, including community engagement, collaboration with local governments, and the ability to scale solutions. Additionally, the paper highlights the importance of supportive ecosystems that facilitate social entrepreneurship, including access to funding, mentorship, and policy frameworks. It also addresses the challenges faced by social entrepreneurs, such as navigating regulatory environments and sustaining their impact in the long term. This paper emphasizes the transformative potential of social entrepreneurs in fostering inclusive urban development. By aligning economic growth with social progress, they contribute significantly to alleviating urban poverty and promoting sustainable communities. This review underscores the need for greater recognition and support for social entrepreneurship as a viable approach to addressing the pressing issue of urban poverty on a global scale. [ABSTRACT FROM AUTHOR]
- Published
- 2024