Institute for Social and Economic Change
Working Paper: 426
Social Entrepreneurship: A Business Model
for Sustainable Development
Social entrepreneurship is recognized for working towards achieving developmental goals that are associated with the basic needs of the people and converge with sustainable development. The convergence of developmental goals and the basic needs of the people set a relationship between social entrepreneurship and sustainable development. This conceptual study draws from the literature and brings the characteristics of social entrepreneurship, which enables it to achieve the social agenda of providing for the basic needs of the people. These characteristics become the essential part of the strategies of social entrepreneurship that help it to function as a model for sustainable development. To further the inquiry, these strategic elements of social entrepreneurship are then analyzed in the light of Hamel’s framework of the business model. It also examines whether the business model framework of Hamel can be applied to implement these strategies. The diverse aspects of the business model framework of Hamel are examined to understand the relationship between social entrepreneurship and sustainable development.