Comparison of Lithuanian, Italian and British Social Business Models
Daily life in the world is accompanied by a variety of global social problems such as discrimination, ignorance, suicides, poverty, hunger, environmental pollution and several others frequently caused by human beings. These have been particularly exacerbated by the recent and arguably ongoing ec...
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| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
NGO “Economic Laboratory for Transition Research” (ELIT)
2017-03-01
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| Series: | Montenegrin Journal of Economics |
| Subjects: | |
| Online Access: | http://mnje.com/sites/mnje.com/files/97-_110_simanaviciene_and_.._0.pdf |
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| Summary: | Daily life in the world is accompanied by a variety of global social
problems such as discrimination, ignorance, suicides, poverty, hunger,
environmental pollution and several others frequently caused
by human beings. These have been particularly exacerbated by the
recent and arguably ongoing economic crisis. Traditional global market
makers and participants are gradually getting involved in the
creation of social welfare while acting in a socially responsible
manner, however, such actions are often led by a certain “fashion”
or public pressure. Social entrepreneurship is cited as one of those
alternatives. This business model is driven by the desire to have social
impact, it is one of the main tools being used as a response to
fight against growing social exclusion and unemployment, dealing
with sensitive regional problems. According to European Commission,
one of four start-ups each year is a social business company. It
is being championed as a new opportunity to reduce inequality and
exclusion so as to encourage economic growth. However, although
social entrepreneurship has won the attention of scientists, its inconsistent
theoretical basis and very limited perception are widely
argued. It is claimed that poor perception of the social business model
is a major barrier to the development of such entrepreneurship
in Europe. |
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| ISSN: | 1800-5845 1800-6698 |