Social enterprise: new way to do business in Malaysia / Roseamilda Mansor and Nurul Hayani Abd Rahman

Mansor, Roseamilda and Abd Rahman, Nurul Hayani (2021) Social enterprise: new way to do business in Malaysia / Roseamilda Mansor and Nurul Hayani Abd Rahman. FBM Insights, 4: 11. pp. 30-33. ISSN 2716-599X


Commercial enterprise was set up with the primary aim to get returns in terms of profit. However, for social enterprise, business solutions are used to solve social issues. Chandra et al. (2021) found that millennials are increasingly interested in social entrepreneurship as a career option. It is an approach by start-up companies and entrepreneurs to develop, fund, and implement solutions to social, cultural, or environmental issues. This concept may be applied to a wide range of organizations, which vary in terms of size, aims, and beliefs. Social entrepreneur is a kind of business entities who concern and not about the profit but at the same time give good return to the society. A previous study by Germak and Robinson (2014) found that social entrepreneurs were motivated to engage in social entrepreneurship by a desire to benefit society, which is a key characteristic of public service motivation. In addition, another study found that entrepreneurial intention is highly predicted by entrepreneurial self-efficacy when a strong perception of fit with entrepreneurship is attained. In contrast, regardless of entrepreneurial self-efficacy, if one perceives a low level of fit or no fit, entrepreneurial ambition will be low (Hsu et al., 2019).


Item Type: Article
Email / ID Num.
Mansor, Roseamilda
Abd Rahman, Nurul Hayani
Subjects: H Social Sciences > HB Economic Theory. Demography > Entrepreneurship. Risk and uncertainty
H Social Sciences > HB Economic Theory. Demography > Consumption. Demand (Economic theory)
Divisions: Universiti Teknologi MARA, Kedah > Sg Petani Campus
Journal or Publication Title: FBM Insights
UiTM Journal Collections: Others > FBM Insights UiTM Cawangan Kedah
ISSN: 2716-599X
Volume: 4
Page Range: pp. 30-33
Keywords: Social enterprise, business, Malaysia
Date: 2021
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