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2023 | OriginalPaper | Chapter

8. Social Entrepreneurship Strategies and Social Sector Sustainability in the Caribbean: Implications and Imperatives

Authors : Ambica Medine, Indianna Minto-Coy

Published in: Social Entrepreneurship Strategies and Social Sector Sustainability

Publisher: Springer International Publishing

Abstract

Most Caribbean NPOs operate like traditional NPOs, non-business-like and dependent on donor organisation for operational survival. However, the evidence demonstrates that traditional NPOs with entrepreneurial leaders, once provided with business management training concepts, operate business-like and invest in earning income. Entrepreneurial NPOs have a greater potential of using business management strategies and demonstrating accountability with self-generated funding, indicating the full conceptual position of the EMES school of thought on social entrepreneurship [SE] and social enterprises’ best practices. Further, similar to international experiences, appropriate institutional support enables Caribbean entrepreneurial NPOs’ operational and financial self-sustainability enabling their creation of sustainable social impact. These findings add to the knowledge of SE from conceptual and contextual perspectives, with demonstrated implications and associated recommendations for academia, Caribbean governments, and the business and social sector.

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Title: Social Entrepreneurship Strategies and Social Sector Sustainability in the Caribbean: Implications and Imperatives
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_8

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