Critical Success Factors of Rural Social Enterprises: Insights from a Developing Country Context

Musinguzi, Peter; Baker, Derek; Larder, Nicolette; Villano, Renato

doi:10.1080/19420676.2022.2162108

Cited by 11 publications

(6 citation statements)

References 86 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Moreover, policymakers should provide targeted support for early-stage startups and focus on fostering collaboration between entrepreneurs, academia, and industry stakeholders. Gupta & Sharma (2019) explored the effectiveness of government subsidies in supporting social entrepreneurship ventures in developing countries. The researchers conducted a qualitative case study analysis, drawing on interviews with social entrepreneurs, government officials, and nonprofit organizations, as well as documentary analysis of subsidy programs and impact assessments.…”

Section: Empirical Reviewmentioning

confidence: 99%

The Impact of Government Subsidies on Entrepreneurial Activities

Leonard

2024

IJECOP

View full text Add to dashboard Cite

Purpose: The objective of this study was to look into the impact of government subsidies on entrepreneurial activities. Methodology: The study adopted a desktop research methodology. Desk research refers to secondary data or that which can be collected without fieldwork. Desk research is basically involved in collecting data from existing resources hence it is often considered a low cost technique as compared to field research, as the main cost is involved in executive’s time, telephone charges and directories. Thus, the study relied on already published studies, reports and statistics. This secondary data was easily accessed through the online journals and library. Findings: The findings reveal that there exists a contextual and methodological gap relating to government subsidies and entrepreneurial activities. Preliminary empirical review revealed that that government subsidies played a crucial role in stimulating entrepreneurial activities by addressing barriers such as access to finance and technology. However, the effectiveness of subsidies varied depending on factors such as subsidy design and institutional context. While some subsidy programs showed positive outcomes in terms of promoting innovation and economic growth, others faced challenges such as bureaucratic inefficiencies. The study highlighted the importance of tailored subsidy design, transparency, and complementary policies for maximizing the impact of subsidies on entrepreneurship. Unique Contribution to Theory, Practice and Policy: The Resource Based theory, Agency theory and Institutional theory may be used to anchor future studies on the impact of government subsidies on entrepreneurial activities. The study made several recommendations to enhance the effectiveness of government subsidies in promoting entrepreneurship. These recommendations included tailoring subsidy programs to address specific needs, enhancing access to finance, strengthening entrepreneurial ecosystems, improving the regulatory environment, promoting inclusive entrepreneurship, and encouraging innovation and risk-taking. By implementing these recommendations, policymakers aimed to create a supportive environment for entrepreneurs to thrive, foster innovation, and drive economic growth and development. Keywords: Government Subsidies, Entrepreneurial Activities, Effectiveness, Tailoring Programs, Access to Finance, Entrepreneurial Ecosystems, Regulatory Environment, Inclusive Entrepreneurship

show abstract

Section: Empirical Reviewmentioning

confidence: 99%

The Impact of Government Subsidies on Entrepreneurial Activities

Leonard

2024

IJECOP

View full text Add to dashboard Cite

show abstract

“…Moreover, according to Musinguzi et al (2023), most companies define CSF based on the variables and characteristics which significantly influence their success in organisational planning, and the study finds that business planning practices are directly significant in improving the performance of rural social enterprises. This thus gives CSF an indirect significance to enhancing project performance.…”

Section: Critical Success Factors and Key Performance Indicatorsmentioning

confidence: 99%

Social Impact Enhancement: Developing Social Businesses through Impact Measurement, Performance Measurement, and Knowledge Management

Wang

2024

OJBM

View full text Add to dashboard Cite

This paper aims to confirm that by implementing certain performance measurement criteria and impact measurement strategies, organisations can enlarge the social impact of their social projects by enhancing their project knowledge management. I first build a framework that links performance and impact measurement with knowledge management, and knowledge management with social impact. I then empirically test this framework's significance in raising social impact using ANOVA regression analysis on gathered data from 70 organisations around the world with social impact projects (social enterprises, non-profit organisations, and conventional businesses with social projects). The novel purpose and value of this study are to promote the use of social impact measurements to resolve social organisations' current difficulties in both finance and impact scale, killing two birds with one stone. The overall conclusion is that effective knowledge management has a positive influence on project social impact and that certain critical success factors, key performance indicators, and impact measurement strategies are significant in enhancing project social impact by improving knowledge management. This conclusion could help social businesses to upscale their social impact. Policies to support social impact projects and impact measurements are also addressed.

show abstract

“…Previous research has also shown the potential of these organisations on working with networks of stakeholders across different sectors and spatial scales (Lang & Fink, 2019; Richter, 2019); their resourcefulness and innovative capacity (Barraket et al., 2019); and how they harness previously untapped human, material, institutional and natural resources of the places where they are based (Olmedo et al., 2023). To develop all the former, a central aspect of community‐based social enterprises is their embeddedness within their contexts (Chatzichristos & Nagopoulos, 2020; Musingunzi et al., 2023).…”

Section: Rural Governance and Community‐based Social Enterprisesmentioning

confidence: 99%

Support structures for a plural economy in rural areas? Analysing the role of community‐based social enterprises

Olmedo,

Rinne‐Koski,

O'Shaughnessy

et al. 2023

Sociologia Ruralis

View full text Add to dashboard Cite

Community‐led innovative solutions, including community‐based social enterprises, have been brought to the fore as significant actors with the potential to contribute to neo‐endogenous rural development. Through 34 interviews with stakeholders of four community‐based social enterprises operating in rural Ireland and Finland, we analyse the role of these organisations in the institutionalisation of plural (socio‐)economic relations within different rural areas of Europe. Our findings demonstrate how community‐based social enterprises can act as enablers and supporters of local markets, channels of redistributive resources and coordinators of local reciprocity, thus, contributing to ‘institutional thickness’ within their localities. We also show how structural differences, such as the role of local government in Finland and Ireland, can partially explain the role of these organisations as rural development actors. Finally, our article stresses the relevance of developing research and policies from a socially embedded and pluralistic view of the economy to provide nuanced analysis and realistic solutions to the complex challenges that rural areas face.

show abstract

Critical Success Factors of Rural Social Enterprises: Insights from a Developing Country Context

Cited by 11 publications

References 86 publications

The Impact of Government Subsidies on Entrepreneurial Activities

The Impact of Government Subsidies on Entrepreneurial Activities

Social Impact Enhancement: Developing Social Businesses through Impact Measurement, Performance Measurement, and Knowledge Management

Support structures for a plural economy in rural areas? Analysing the role of community‐based social enterprises

Contact Info

Product

Resources

About