Emerging Role of Social Enterprises During COVID-19 Pandemic

Abstract

AbstractThe COVID-19 pandemic has raised new threats and problems for society. According to current research, social entrepreneurs have been working to resolve business failures and show more long-term models for creating sustainable economies. Social enterprises are the inclusive sustainable organisations that aim to address societal and environmental problems using innovative products or services. However these enterprises may face different challenges than that of commercial enterprises. This is because unlike commercial enterprises, these works on double mission, i.e. social return on investment as well as financial return on investment. There have been a number of studies on the impact of COVID-19 pandemic in commercial enterprises but limited studies on social enterprises. This paper explores emerging roles of social entrepreneurs and challenges faced by the social entrepreneurs during COVID-19 outbreaks. The study involved the review of existing literatures on social enterprises during the year 2020. The findings revealed that COVID-19 has resulted increased level of activities by social entrepreneurs to fight against challenges emerged out of the global pandemic.KeywordsSocial entrepreneurshipSocial enterprisesCOVID-19Social problemsCommunitySustainable development goals