Entrepreneurship plays a pivotal role in driving economic growth, innovation, and job creation, particularly in developing economies. Characterized by its diverse nature, encompassing a wide range of activities and ventures. From microenterprises and small family-owned businesses to high-growth startups and social enterprises, entrepreneurship takes various forms depending on the socio-economic context and cultural landscape of each country. However, despite this diversity, entrepreneurship in developing economies shares common challenges and opportunities that shape its trajectory and impact. One of the key drivers of entrepreneurship in developing economies is the need for economic opportunity and livelihood creation. In many developing countries, the formal job market is limited, and unemployment rates are high, particularly among youth and women. Entrepreneurship offers an alternative path to employment and income generation, allowing individuals to create their own opportuni...
Corporate social responsibility (CSR) has evolved from being a peripheral consideration to becoming a central aspect of business strategy. In an era where businesses are expected to contribute positively to society and the environment, the concept of corporate citizenship has gained prominence. This essay explores the trends in social responsibility in business, examining how organizations are increasingly recognizing the importance of contributing to societal well-being beyond their core operations. I. The Evolution of Corporate Social Responsibility: The notion of businesses having a broader responsibility beyond profit generation has roots in the mid-20th century. Early discussions on corporate social responsibility emphasized the ethical responsibilities of businesses in relation to their stakeholders. Over time, CSR has evolved to encompass a more comprehensive set of considerations, including environmental sustainability, community engagement, and ethical business practices...