By
Prof. Waswa Balunywa and Diana Nandagire Ntamu
Makerere
University Business School, Kampala, Uganda
In recent years, governments have been
putting emphasis on entrepreneurship as a solution to the challenge of
unemployment. For the developing countries, the emphasis on entrepreneurship
has been much more important. Entrepreneurship is associated with business
startup, innovation, job creation and wealth creation. Indeed, it is seen as an
avenue for poverty eradication. Many countries especially the developing
countries followed the economic track of the mixed economy where they allowed
both government through parastatals and the private sector to play a role in
economic development. Government bears a major role in providing an enabling
atmosphere for the private sector to succeed. However, government expenditure
is based on taxes collected from the private sector. Therefore government is
constrained in its ability not only to provide an enabling atmosphere but also
in driving growth in developing economies. This has led to the emergence of
social entrepreneurs who have come in to contribute to the role of government
by enabling disadvantaged people in starting business.
This was expressed in terms of
philanthropy where the more fortunate people gave out to the less fortunate.
With time, the concept changed to social responsibility of business and
subsequently corporate social responsibility. This is where business people are
obliged not only to ensure that they do not affect society negatively but they
also deal with social problems. In recent years, this is being replaced by the
concept of social entrepreneurship and social enterprise. This is where an
entrepreneur ordinarily works to create wealth like any other entrepreneur but
does not seek individual benefit. Instead, the entrepreneur works to create
wealth but is driven by social aims. Social entrepreneurship has therefore
emerged in recent years as a phenomenon to support the additional government
effort to stimulate development. The concept has already made tremendous
progress in developed countries however it is making progress in the developing
countries. Like main stream entrepreneurship, it is limited by the same
factors. An enabling environment, education systems and resources. The MUBS
Entrepreneurship Centre is working with the International Youth Foundation on a
project now called Social Entrepreneurs Transforming Africa (SET Africa), to
develop social entrepreneurship in Anglo Phone Africa. The Centre is the
executing agency in Anglo Phone Africa.
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