Social Entrepreneurship in the Caribbean

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 7 in Social Entrepreneurship Strategies and Social Sector Sustainability, 2023, pp 185-200 from Springer

Abstract: Abstract Triangulation of the qualitative and quantitative data based on the advocated social entrepreneurship (SE) strategies demonstrate convergence in four practice areas. The Caribbean nonprofit sector is entrepreneurial, with NPOs having existing strategic plans and demonstrating financial accountability. Most have mixed revenue streams, including earned income. However, Caribbean NPOs continue to operate like traditional NPOs with donor funding dependency, resulting in their financial strategy having the most significant effect on their operational sustainability in addressing their social missions. This is an expected finding because repeat funding requires a demonstration of financial accountability. While SE does not exist in traditional NPOs, most NPOs being entrepreneurial and investing in earned income signal a positive direction relative to SE in the Caribbean.

Keywords: Caribbean; Traditional NPOs; Financial Sustainability; SE strategies; Financial Strategy; Triangulation; Social Entrepreneurship; Accountability (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_7

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DOI: 10.1007/978-3-031-18533-5_7

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