Factors Influencing Sustainability of Social Enterprise

Abstract

From studying and synthesizing academic documents both domestically and internationally, it is found that the factors influencing the sustainability of social enterprise consist of 5 main factors: 1) Innovation: Researchers have expressed that innovation is at the core of the social enterprise process. It involves the search, evaluation, experimentation, new ideas, and creative processes that may result in new products or services that reflect the innovation of the social enterprise. 2) Resilience Development: Social enterprises that are competitive often have a foundation rooted in an organizational culture that has the ability to manage changes in the external environment, such as technological advancements. 3) Internal Factors: These factors align with and move in the same direction as the organization's mission, including the characteristics of organizational leadership and the internal structure and resources of the organization. 4) Ecosystem: This factor consists of access to finance, the establishment of collaborative networks, and support from the government. 5) Value of the Organization: The sustainability of a social enterprise depends on the value it creates, which can be in two forms: profit and economic value, and social value. These 5 factors are important components in developing capabilities and promoting the sustainable growth of social enterprises.