Social Entrepreneurship and Its Impact on Community Development: A Global Review

Social entrepreneurship has emerged as a powerful force for positive change, bridging the realms of business acumen and social impact. This global review delves into the realm of social entrepreneurship, examining its multifaceted impact on community development across diverse regions. The review encapsulates key themes, methodologies, and outcomes explored in the comprehensive review. The review begins by defining social entrepreneurship, elucidating its fundamental principles and distinguishing features. It navigates through various models and frameworks adopted globally, shedding light on the innovative approaches social entrepreneurs employ to address pressing societal challenges. Drawing from a rich tapestry of case studies, the analysis traverses’ continents, showcasing success stories that illustrate the transformative potential of social entrepreneurship in fostering community development. A critical aspect of the review centers on the unique challenges social entrepreneurs encounter and the strategies they employ to navigate complex socio-economic landscapes. The intersectionality of social entrepreneurship with cultural, economic, and environmental factors is examined, offering a nuanced understanding of the contextual influences on community development initiatives. The impact of social entrepreneurship on marginalized communities takes center stage, emphasizing how these endeavors contribute to inclusivity and empowerment. The review highlights the role of social enterprises in promoting sustainable development goals, advocating for environmental stewardship, and fostering social equity. The global perspective adopted in this review allows for a comparative analysis of social entrepreneurship models across continents. It considers the influence of governmental policies, regulatory frameworks, and cultural nuances on the success and scalability of social enterprises. As the review concludes, it underscores the significance of social entrepreneurship as a catalyst for holistic community development. It beckons policymakers, practitioners, and researchers to engage in collaborative efforts, leveraging the insights gleaned from this global review to foster an environment where social entrepreneurship can thrive, leaving an enduring impact on communities worldwide.