Social Entrepreneurship: Distinct Dimensions Leading to Inclusive Growth and Sustainable Development

This chapter explores the pivotal role played by social entrepreneurship in catalyzing more inclusive, comprehensive, and sustainable development. It also explores ways in which social entrepreneurs are creating a pathway leading to sustainable and inclusive growth of the economy, especially in a very challenging milieu of the COVID-19 pandemic. The present study, based on an extensive literature review and discussion on emergent themes from the previous studies, puts forth a conceptual framework incorporating the crucial dimensions of social entrepreneurship, alongside micro- and macro-level factors that contribute to fostering inclusive growth and sustainable development. It is argued that social entrepreneurs, armed with innovation, a resolute social mission, viable and scalable business models, and other distinctive attributes such as empathy and leadership, have the potential to introduce fresh solutions to enduring socio-economic challenges. They offer sustainable pathways to wealth generation, ultimately elevating overall living standards for all. This study underscores the transformative potential of social entrepreneurship, emphasizing its capacity to address deep-rooted disparities and facilitate a more equitable and prosperous society.