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2023 | OriginalPaper | Chapter

7. Social Entrepreneurship in the Caribbean

Authors : Ambica Medine, Indianna Minto-Coy

Published in: Social Entrepreneurship Strategies and Social Sector Sustainability

Publisher: Springer International Publishing

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.

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Title: Social Entrepreneurship in the Caribbean
Authors: Ambica Medine
Indianna Minto-Coy
Publisher: Springer International Publishing
Book: Social Entrepreneurship Strategies and Social Sector Sustainability
Print ISBN: 978-3-031-18532-8

Electronic ISBN: 978-3-031-18533-5

Copyright Year: 2023
DOI: https://doi.org/10.1007/978-3-031-18533-5_7