Social Enterprise Success: An Extensive Analysis of Contributing Factors and Structures
Abstract
Background and Aims: To extend the influence and lifespan of social enterprises, it is imperative to comprehend the elements that lead to their success. To develop growth strategies and policy interventions meant to increase the sector's effectiveness and address urgent social and environmental challenges, the research topic in question must offer significant insights into organizational dynamics. This paper aims to investigate the factors that influence the success of social enterprises.
Methodology: Following a review of the academic literature, content analysis is used in this documentary investigation.
Results: The results found that the Factors Affecting the Success of Social Enterprise consist of (1) Leadership and Management, (2) Financial Sustainability, (3) Stakeholder Engagement (4) Market Analysis and Innovation, and (5) Impact Measurement and Evaluation. Through documentary research and content analysis of scholarly literature, it was determined that key factors influencing the performance of social firms include leadership, financial sustainability, stakeholder engagement, market analysis, innovation, and impact evaluation.
Conclusion: These findings demonstrate the intricacy of social enterprise success and the importance of all-encompassing approaches that include a variety of variables for both business performance and societal impact.
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