Case Studies on Social Entrepreneurship in the Caribbean: T&T NPOS

Ambica Medine () and Indianna Minto-Coy ()
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Ambica Medine: College of Sciences, Technologies and Applied Arts of Trinidad and Tobago
Indianna Minto-Coy: University of the West Indies (UWI)

Chapter Chapter 6 in Social Entrepreneurship Strategies and Social Sector Sustainability, 2023, pp 163-183 from Springer

Abstract: Abstract The comparison between the operations of the two nonprofit organisations [NPOs] demonstrated the importance of social entrepreneurship [SE] strategies for NPOs’ operational sustainability, with one showing the transitional path. From its inception, Nature Seekers operated like a social enterprise, entrepreneurial and business-like, with earned income financial strategies, resulting in its operational sustainability. Upon start-up, Chosen Vessels was a traditional NPO managed by an entrepreneurial leader with a passion for social change but no business knowledge or experience, resulting in inefficient operational processes and financial problems. Business management training resulted in recognising its operational deficiencies and the application of the SE business management strategy, resulting in improved operational performance. The critical observation is the value of business management training for NPOs. This formal or informal training enables business-like behaviour, leading to NPOs’ operational sustainability in addressing their social mission, suggesting that the relationship between NPOs’ SE strategies and their levels of sustainability is via entrepreneurial leadership with training and experience in business management. Further research would clarify and ratify this new knowledge in the field of social entrepreneurship.

Keywords: Operational sustainability; Management training for NPOs; Entrepreneurial leaders; SE strategies; Social enterprise (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-18533-5_6

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DOI: 10.1007/978-3-031-18533-5_6

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