What are the challenges for scaling in social entrepreneurship?

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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What are the challenges for scaling in social entrepreneurship?
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Social entrepreneurship is defined as "the activity of reacting to market failures via innovations that transform failures into successes while also solving societal issues." Unfortunately, in many developing nations, social entrepreneurship is hampered by a variety of bureaucratic hurdles, ranging from a failure to give entrepreneurs the information they need to build their enterprises to walls erected to restrict their potential to export. The social entrepreneurship initiative is gaining traction across the world, fueled by both local demands for more employment and improved living and working circumstances in poor nations and the development of ethical consumption in the North. However, entrepreneurs in the South confront significant structural challenges in launching their firms and placing their products on key global marketplaces.

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