The Role of Social Entrepreneurship and Social Economy in Romanian Sustainable Business Development: Social Entrepreneurship and Social Economy

The Role of Social Entrepreneurship and Social Economy in Romanian Sustainable Business Development: Social Entrepreneurship and Social Economy

Rodica Gherghina (The Bucharest University of Economic Studies, Romania) and Ioana Duca (Titu Maiorescu University, Romania)
Copyright: © 2018 |Pages: 17
DOI: 10.4018/978-1-5225-3773-1.ch008

Abstract

In their scientific endeavour, the authors aim at analysing the concepts of social entrepreneurship and social economy, as well as emphasising the role these concepts play in sustainable business development and in the economic development of society as a whole. At the same time, several aspects of social enterprises are presented and their importance in the Romanian economic environment is emphasised. As these are two relatively new concepts in the social economy in Romania, the authors refer to the specialised literature throughout their research. The authors present several of the opportunities and challenges raised by social economy. The importance of financing is emphasised by means of presenting the organisations' financing sources which are specific to social economy. The conclusions to this research include some of the authors' own viewpoints, with reference to the aspects of social entrepreneurship – social enterprises – social economy and their role in overall economic development.
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Definition Of The Social Entrepreneurship Concept And Its Importance

In time, economy specialists defined various concepts of social entrepreneurship and the tools it works with, of social enterprises type.

The aim of social entrepreneurship is to solve certain social problems and to increase the employment level of persons belonging to underserved groups.

Among the objectives of social entrepreneurship, there are: producing goods and/or providing services that contribute to the welfare of the community or of its members; mainly promoting certain activities that can jobs so as to employ persons belonging to underserved groups; developing efficient training programmes dedicated to persons in underserved groups; developing social services in order to increase the capacity to enter the labour market in the case of persons belonging to underserved groups; involving individual persons in the sustainable development of local communities; developing an inclusive society as well as social responsibility; taking the focus away from social security and promoting social inclusion practices, thus turning underserved persons from consumers of resource into generators of value.

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