Abstract
Social entrepreneurship is taking shape in Saudi Arabia. The country, like most of the entire Middle East, is famous for socially innovative approaches. Saudi Arabia much supports its social norms through a conservative culture. However, the emergence of social issues grants the urge to bring more opportunities to the community. Saudi Arabia boasts immense opportunities in entrepreneurship. In 2019, Global Entrepreneurship Monitor acknowledged good options to start businesses in the country. About 76.3 percent of the population foresaw an excellent climate for business encounters. Youth unemployment in the country remains one of the challenges despite the rapid changes over the years. It is one of the significant challenges meant to be solved through social entrepreneurship. People from diverse social backgrounds remain ambitious through the government’s 2030 initiative. Social entrepreneurship is mainly persuaded through vision 2030’s pillars; an ambitious nation, a thriving economy, and a vibrant society. A flourishing economy best fits Saudi’s vision, enhancing a wide array of social opportunities through entrepreneurship. The paper addresses the role of social entrepreneurship and community development in Saudi Arabia. There is a literature review focusing on social entrepreneurship theories aiding in the appropriate determination of the current practices in Saudi Arabia. The current status of social entrepreneurship in Saudi Arabia is also discussed.
Highlights
Social entrepreneurship and community development remain among the principal subjects discussed in the business world (Howaldt et al, 2015)
Social Entrepreneurship in Saudi Arabia Social entrepreneurship is an endeavor that contributes to the social wellness of a community— the concept of social entrepreneurship, an idea that is still under discussion and research
According to the journal obtained that focuses on the SE in Saudi Arabia, it mainly focuses on the micro-small and medium-sized SEs in Saudi Arabia
Summary
Social entrepreneurship and community development remain among the principal subjects discussed in the business world (Howaldt et al, 2015). This is rooted based on the fact that individuals need to access multiple aspects like business opportunities, good healthcare, justice, wealth, among others. Based on these parameters' understanding, social entrepreneurship is a contemporary issue with many advances in the social arena (Howaldt et al, 2015). The concept realizes that through entrepreneurial activities, it mobilizes various interactions in the business space, lifting the social statuses of the individuals (Malunga et al, 2014) When such interactions come in place, they meet solutions able to create employment, among other opportunities. Numerous studies continue to demonstrate the role of social entrepreneurship in community development
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