TRENDS, CHALLENGES AND BEST PRACTICES IN SOCIAL ENTERPRISES DEVELOPMENT – THE CASE OF REPUBLIC OF NORTH MACEDONIA

Angeloska-Dichovska, Monika and Mansaku, Saimir and Gjelevska, Hristina and Mansaku, Isida (2023) TRENDS, CHALLENGES AND BEST PRACTICES IN SOCIAL ENTERPRISES DEVELOPMENT – THE CASE OF REPUBLIC OF NORTH MACEDONIA. In: 8. Scientific Conference with International Participation “Economy of Integration” ICEI2023 SUSTAINABLE ECONOMY AND TOURISM TOWARDS JOINING THE EUROPEAN UNION, December 7th– 8th, 2023, Tuzla, Bosnia and Herzegovina. (In Press)

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Abstract

The events that happened during the political, social, and economic processes, followed by the financial crisis in the European Union and other countries highlighted the need in 2008 to think about new, diverse models of economic growth and development. In recent years, social entrepreneurship has been recognized as an innovative model of economic growth, although it is still not sufficiently known, inadequately supported and legally unregulated yet in many countries. The benefits from the progress of this type of entrepreneurship are numerous, especially analyzed and evaluated from a social and economic aspect. Social entrepreneurship is newly, rapidly evolving entrepreneurship that is developing within the Republic of North Macedonia and it is one of the most notable innovations in civil society in recent times.
The main objective of this paper is to identify trends and challenges faced in the development of social enterprises in North Macedonia using the Delphi method, and to provide the best practices/solutions and appropriate guidelines to foster innovation and creativity in social entrepreneurship for supporting social enterprises. Namely, the research study includes various stakeholders, crucial for the development of this type of entrepreneurship: existing social enterprises, potential social enterprises, conventional businesses, key individuals/players recognized for their positive contribution to this sphere, specialized institutions/organizations, and experts in the area.
The analyzes confirmed that the majority of social enterprises are community-based organizations, and offer solutions to benefit whole communities, with a small number of employees, nevertheless, there is little to no awareness among the population about this kind of enterprises as well as among the managers of traditional businesses.The study identified the key challenges, categorized into legal, economic and social, which in turn, should be worked on and taken into account in building future strategies for the development of social entrepreneurship.
Key words: social entrepreneurship, challenges, trends, strategies for social enterprises, North Macedonia

Item Type: Conference or Workshop Item (Paper)
Subjects: Scientific Fields (Frascati) > Social Sciences > Economics and Business
Divisions: Faculty of Economics
Depositing User: Mr Dimitar Risteski
Date Deposited: 14 Oct 2024 07:14
Last Modified: 14 Oct 2024 07:14
URI: https://eprints.uklo.edu.mk/id/eprint/10347

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