Towards Social Entrepreneurship and Sustainable Development in Lebanon

Diab Malak Bou ()
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Diab Malak Bou: The Bucharest University Of Economic Studies, Bucharest, Romania; Lebanese International University, Beirut, Lebanon

Proceedings of the International Conference on Business Excellence, 2019, vol. 13, issue 1, 56-70

Abstract: Faced with provocation emerged from sustainable development, several states, and in specific organizations and other related social performers, are asking their tasks and desire to take dynamic perspective to social accountability. In doing this, they are faced with sustainable development challenges. Entrepreneurship constitutes the business efforts of an individual or group for earning profit and ensuring economic empowerment, while social entrepreneurship involves the business activities with an embedded social purpose focused on sustainability rather than immediate outcomes. Entrepreneurship is an important factor of economy. The development of social entrepreneurship needs a structural adjustment in the society. The principal paper aim is to investigate the social entrepreneurship role in improving sustainable development. Also, the paper will examine social entrepreneurship as an effective tool in resolving social problems, noting that social entrepreneurship analysis can provide a response to sustainable development challenges. The research focuses on addressing the current state of social entrepreneurship, entrepreneurship indicators, pillars of entrepreneurship development, business environment and entrepreneurial opportunity and signifying the practicality of dissimilar business models developed in social entrepreneurship. Surveys were conducted on fifty different organizations (banks and audit companies) to collect data. Also, SPSS system was used to analyze the data gathered, to study the relationship between sustainable development and social entrepreneurship. Evidence suggests that social entrepreneurship can play a significant role for poverty reduction, ensuring employment, economic prosperity, environmental justice, pollution free ecology, good governance, reduction of terrorism, guarantee of peace, corruption control etc., thus offering opportunities to fulfill sustainable development goals in Lebanon. We can conclude that social business models develop a basic spread that grant social entrepreneurs to participate actively to sustainable development.

Keywords: Entrepreneurship; Sustainability; Development; Social; Ecology; Green Society (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:poicbe:v:13:y:2019:i:1:p:56-70:n:7

DOI: 10.2478/picbe-2019-0007

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