Entrepreneurial Motivation and Social Enterprises: An Empirical Analysis on Founders of Social Ventures in Bangladesh

Abstract

Success of market based entrepreneurial projects embedded with a social mission contributed to growing interest to social entrepreneurship in existing entrepreneurship literature. The purpose of this study is to examine whether the widely accepted motivational factors influencing entrepreneurial process have similar influence on social entrepreneurs in Bangladesh. Based on the seminal work of Shane et al. (2003) on entrepreneurial motivation, a survey was conducted among the social entrepreneurs in Bangladesh and collected data was analyzed. A regression analysis shows that some of widely accepted factors have significant influence while others have less or non-significant influence on Bangladeshi social entrepreneurs. This empirical paper contributes to better understanding of behavioral aspect of social entrepreneurship in Bangladesh where a high number of world's leading social ventures were formed and expanded world-wide.

Keywords:

• Entrepreneurial process
• social entrepreneur
• motivational factors
• behavioral aspect

Additional information

Notes on contributors

Muhammad Mohiuddin

Muhammad Mohiuddin, MBA, DESA, is a PhD candidate in International Management at the Faculty of Administrative Sciences, Laval University, Canada. His research interests are focused on the social entrepreneurship, emerging markets and sustainable offshore outsourcing. He has presented his research works in major international conferences in Management and won “best paper award” at the ASAC, 2012 conference. He has also published several articles in peer-reviewed journals. His academic and research excellences enabled him to get award from the CIRRELT, FQRSC, SSHRC, ISESCO and Dean's Award. He teaches courses on “International Management” and “Doing Business in Asian Markets” at Laval University, Canada. Email: [email protected]

Rumana Parveen

Rumana Parveen is Assistant professor, Dept. of Management, University of Dhaka, Bangladesh. She has presented her research findings in conferences and published several papers in peer reviewed journals. Her research interests are in entrepreneurship, International Business and social businesses.

Masud Ibn Rahman

Masud Ibn Rahman is Assistant professor and Head of the dept., Dept. of Business and Economics, Daffodil International University, Bangladesh. He has published more than 20 papers in peer reviewed journals and presented his research finding in major international conferences such as CEDIMAS, 2010.

Mohammad Nurul Huda Mazumder

Dr. Mohammad Nurul Huda is senior lecturer at Malaysia Multimedia University. He has presented his research findings in several international conferences and published more than 20 papers in peer reviewed journals. His research interest falls in tourism development, social entrepreneurship, and Asian integration.