Abstract
This study suggests a social business format, founded on social entrepreneurship for the water sector, that appears suitable in Bangladesh. The theoretical aspect of the study examines the literature on social entrepreneurship in developing economies and in Bangladesh, as well as literature on business models and formats. The empirical aspect of the study contains individual cases that are studied through secondary data. The complete sample originates from the database of the Schwab Foundation for Social Entrepreneurship of the water sector and Bangladesh Social Enterprise Projects for social business enterprises. The results of this study provide an overview of a successful social business format composed from the nine cases of social business enterprises and the eight non-profit social enterprises in the water sector. Similarities between the social businesses’ formats indicated by the social business enterprises’ cross-case analysis include business mission, market exploitation, direct relationship dynamics and the basis for differentiation. When compared with the eight social business formats in the water sector, differences were found. The social business format in the water sectors does not focus on entrepreneurial skills, product innovation, direct sales, partnership with a business, or economic value creation.
Highlights
Entrepreneurship is often considered a significant tool for economic growth and the development of a country, as entrepreneurship generates employment opportunities and has positive impacts on innovation and public welfare (Acs et al 2008)
This section contains the results of case analyses and of the social business formats found in the social business enterprise, and it answers SRQ4: Which components of business formats are used by social enterprises in developing economies and Bangladesh? To answer SRQ4, the social business format checklist from social business enterprises and the social business format checklist from social enterprises for the water sectors were prepared and are shown below
Social entrepreneurship (SE) has been studied more frequently over the last decades, resulting in the following question: What explains the trend of social entrepreneurship in developing economies and Bangladesh? The trend towards social entrepreneurship can be explained by the pattern of developing economies and the entrepreneurship of the Bangladeshi economy, the effect of entrepreneurship on the economic development of Bangladesh
Summary
Entrepreneurship is often considered a significant tool for economic growth and the development of a country, as entrepreneurship generates employment opportunities and has positive impacts on innovation and public welfare (Acs et al 2008). This is why; entrepreneurship works as the main driver of the economic development of lower- and middle-income countries (Anokhin et al 2008). Munemo (2012) found less entrepreneurial activity in many developing economies that have political instability, in African economies. These limited and specific entrepreneurial activities are commonly considered a reason for
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