Factors affecting for growth of the social enterprises in Western Province, Sri Lanka

Abstract

Social entrepreneurship is the newest growing segment of entrepreneurship. The concept is to cater a social or environmental problem while making money. The concept is more valuable as social enterprises are economically selfsustainable. Unlike charitable organizations, social enterprises generate adequate money to support its service or production. Similarly, the first priority of social entrepreneurs is not maximizing economic profits as their central vision is to avoid or mitigate an effect of a social or environmental issue. In Sri Lanka, engaging to overcome a common issue without an invitation as a team or giving and dedicating for others benefit are not new. However, the ‘Social Entrepreneurship’ wording is new to the island. Consequently, there is limited research work that has taken place in Sri Lanka on ‘Social Entrepreneurship’.