Journal of Resources, Energy and Development
Year : 2022, Volume : 19, Issue : 1and2
First page : ( 63) Last page : ( 72)
Print ISSN : 0975-7554. Online ISSN : 0974-0929.

Social enterprises, mission drift, and mitigation strategies

Bhattacharjya Souvik

Senior Fellow and Associate Director, Resource Efficiency and Governance Division, TERI, New Delhi, India

Online published on 20 June, 2023.

Abstract

The paper has attempted to bring out the importance of social enterprises (SEs) and the role they play in accelerating the 2030 development agenda. SEs are primarily hybrid organizations emanating from the area of social entrepreneurship. There are, nonetheless, challenges that these organizations encounter. The paper presents key challenges confronting the sector. These include operational issues, management conflicts and governance, inadequate regulations for raising resources, and operational transparency. In a complex socio-economic environment system with SEs certain to be an enabler towards sustainability, it is important that negative outcomes be addressed based on appropriate strategies and interventions. An enabling environment would support SEs and related actors work together in improving institutional capabilities and bringing sustainable innovation and transformation across the complete spectrum.

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Keywords

Social enterprises, Social stock exchange, Socially responsible investments, Impact investing, Sustainable development.

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