A Study on Capacity of Rural Social Enterprise Needs to be Unlocked

Abstract

Purpose: This article argues that social entrepreneurship can help rejuvenate rural towns by increasing long-term growth in the economy, reversing the degradation of public services, while bring people together. Based on a survey of the relevant academic and policy literature, the study constructs a computational basis that provides insight into how social enterprises may contribute to rural rejuvenation. Theoretical framework: In order to realize the potential of underpopulated social enterprise, we may need to move beyond conventional regulatory silo systems that classify economic growth, community cohesiveness, and public services as wholly separate and unrelated. With regards to government regulation, social enterprises can't just "grow up" and reap the benefits of economies of scale by themselves. Partnerships between groups of innovators or between socially-minded businesses and government agencies have the potential to create economies of scope through the sharing of resources and the pooling of expertise, all while fostering strong confidence relationships within communities through the use of identifiers and the integration of services. Design/methodology/approach: An extensive research design (Sayer, 1992) that includes three in-depth exploratory studies of social enterprises situated in rural regions has been pursued due to the paucity of prior research on the topic under study. This study used a mix of methods for gathering qualitative data. Findings: Based on our findings, we argue that social businesses can facilitate coordinated community action in response to issues. Additionally, these organisations' participation in and blending of market, redistribution, and reciprocity connections is shown in our findings, demonstrating their "constructive diversity." Research, Practical & Social implications: The company's products and services can be adapted to better meet the needs of those located in outlying areas. Many of the difficulties and requirements in rural regions may be turned into openings for the growth of social enterprises with the right kind of direction and assistance. Originality/Value: This study sheds light on the information gaps that, when filled, could help rural social entrepreneurs realize their full potential by clarifying the obstacles and openings they confront.