Social Responsibilities of Hospital Entrepreneurs in Kerala, India

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M. C, S. (2015). Social Responsibilities of Hospital Entrepreneurs in Kerala, India. Journal of Business Management and Economics, 3(8), 08–12. https://doi.org/10.15520/jbme.2015.vol3.iss8.135.pp08-12
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Abstract

Entrepreneurship as an economic activity includes search for a new business opportunities, arrange for its exploitation, undertake the risk of uncertainties and initiate innovations for the betterment of results from the available sources. An entrepreneur possesses basic characteristics of ability to discover and identify a business opportunity, capacity to organize an enterprise and confidence to undertake the risk of uncertainty. The magnitude of entrepreneurial activity depend to a certain extend up on the social responsibilities and status of an entrepreneur. The status of a person is directly connected with their economic position, which in turn depends on the opportunities available to them to participate in social activities. Further, the social responsibilities of a person are now recognized as an indication of society’s stage of development. Therefore, this paper seeks to investigate the social responsibilities of the hospital entrepreneurs in Kerala on the basis of the selected variables. A hospital is a crucial organization that stands unique and incomparable to any other business enterprise.  It is unique and special because it deals with life of mankind. The study reveals that the social responsibilities of hospital entrepreneurs in private and co-operative hospitals differ markedly in most of the social aspects. They are similar in some of the aspects. On the basis, the main hypothesis stating that there is no significant difference in the various dimensions of the social status and social responsibilities undertaken by the entrepreneurs of various hospitals is partially accepted or rejected.

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