Purpose – This research paper has emphasized on the crucial impacts of social entrepreneurship (SE) on society, culture, and environment to shape a new horizon in the corporate world with a view to ensuring a sustainable development.
Methodology -This paper first examines the socio-economic conditions of Bangladesh to identify the areas where the social entrepreneurs could play their vital roles for the sustainable development. It then develops a five-point Likert Scale Questionnaire containing thirteen factors which are related with the impact of SE on Culture, Society, and Environment. The data was conducted through the interviews with the young and established entrepreneurs.
Findings – Social entrepreneurs play crucial roles for the socio-economic development of a country through their entrepreneurial activities.
Research Implications/limitations –The result of the research has proposed a number of suggestions of social entrepreneurship for a developing country like Bangladesh, which introduces new ways of business that sustain social change. The main limitation of this paper is the relatively small sample size of the young entrepreneurs in Bangladesh .Yet, the field is still young and needed further related research. However, the paper shows the strong evidence to support the social entrepreneurship in the country for the socio-economic development.
Originality/value – This paper identifies some crucial factors that are needed for the progress of social entrepreneurship for contributing socio-economic development in a country.