The Role of Social Entrepreneurship in National Development

Dr. M. V. Shetty
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A work done in collective efforts is easier, more energizing, highly empowering and sure to be successful. What could our entrepreneurs learn from this? Consortium approach to one’s efforts beyond oneself adds more value than the sum of the individuals put together. The paper appears to identify the role of all the stakeholders, namely a dedicated government, supportive organizations, developmental agencies, besides the socially conscious entrepreneurs. It reviews the roles of these bodies and also highlights the importance of import regulators and export boosters, operating on high principles. It emphasizes the importance of creating centralized nerve centers of knowledge management in entrepreneurial development and K.M.B.E.’s (i.e. Knowledge Management Based Enterprises), central knowledge centers (CKC’s) based on the National Information Centre, low cost and diverse in extension for use of knowledge management tools and professional/advisory outfits that could be drivers to support the upcoming entrepreneurs in their efforts for social enterprise. The economic value addition is a scope for further research of governments who are willing to attempted this approach and not reviewed here. Various cases of social entrepreneurship are reviewed in brief, and a few ideologies needing certain change of perception has been forwarded.

Keywords: Social Entrepreneurs, Stakeholders in Social Entrepreneurship, Successful Failures, Failed Successes
Stream: Economics and Management
Presentation Type: Paper Presentation in English
Paper: Role of Social Entrepreneurship in National Development, The

Dr. M. V. Shetty

Head of the Marketing Department, Faculty of Management, Multi Media University
Cyberjaya, Selangor, Malaysia

First Class Chemical engineer with post-graduation from the reputed Indian Institute of Management Bangalore, and doctorate in Management Sciences. Empanelled in the World Bank. Presently heading the Marketing dept. in Multi Media University in Cyberjaya, Malaysia. Has over twenty years of consultancy, training and industrial experience. Advisor to banks and Govt. and Corporates (including SME sector) in India for two decades and assisted companies in project feasibility and rehabilitation studies and monitoring to health through professional management guidance. Was heading the Marketing Dept. of a leading Govt. Institute (PG studies) in Mumbai for over eleven years. Member of expert team in AICTE accreditation (India) for engineering, management, I.T. and pharmacy colleges. Written articles and presented papers locally in Mumbai and in an International conference at Monash campus in Malaysia and QMI at Mumbai. Visiting faculty (for over a decade) to many Institutes in Mumbai (including foreign affiliated ones). Admission panellist for centralized admissions of MBA students in Maharashtra (India). Examiner to many other Universities. Ph.D and M Phil research guide presently guiding five students. Member of many organizations (including spiritual and NGO) and professional bodies. Guided over 200 MBA (PG) students in Mumbai. Was a mentor in the Venture 2000 (of dotcoms) an initiative of Mckinsey in 2000 in India for creating entrepreneurs with ideas and initiatives to millionaires from scratch.

Ref: I07P0859