Social entrepreneurship
Searched over 200M research papers for "Social entrepreneurship"
Summary
10 papers analyzed
These studies suggest that social entrepreneurship combines entrepreneurial spirit with social value creation, focusing on innovative solutions to socioeconomic problems, meeting basic human needs, and promoting social responsibility, while prioritizing social change over financial benefits.
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Introduction
Social entrepreneurship is a growing field that combines the innovation and drive of traditional entrepreneurship with a mission to address social and environmental issues. This synthesis explores the key insights from various research papers on social entrepreneurship, focusing on its definitions, roles, and impacts.
Key Insights
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Definition and Scope of Social Entrepreneurship:
- Social entrepreneurship is defined as the practice of recognizing, evaluating, and exploiting opportunities to create social value rather than personal or shareholder wealth .
- It involves launching and building companies that combine good business practices with social missions, often prioritizing societal improvement over profit maximization.
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Role in Addressing Social Issues:
- Social entrepreneurs play a crucial role in addressing serious social problems on a global scale, enhancing social wealth without prioritizing profits .
- They are pivotal in promoting intersector initiatives to tackle economic and social challenges, generating social capital and fostering innovative solutions from the bottom-up.
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Characteristics and Examples:
- Social entrepreneurs combine the innovativeness of traditional entrepreneurs with a mission to change and improve society, often addressing unmet basic human needs.
- Examples include organizations like the Institute for OneWorld Health, Sekem, and the Grameen Bank, which illustrate how social entrepreneurship can lead to new collaborative value creation.
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Sustainability and Economic Value:
- Social enterprises should aim to be self-sustaining and entrepreneurial in their endeavors, creating both social and economic value.
- Some social enterprises achieve impressive profit margins and market shares, despite not being started with the intent to generate significant profits.
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Research and Future Directions:
- The field of social entrepreneurship is still in an embryonic state, with a need for more empirical studies and rigorous methods.
- Future research should incorporate multivariate methods and established theories from strategic entrepreneurship to better understand and frame social entrepreneurship.
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Organizational Factors Influencing Social Entrepreneurship:
- Nonprofit organizations (NPOs) led by CEOs with commercial experience and those with high collective efficacy and organizational innovativeness are more likely to start social enterprises.
- The social cause or mission of an NPO positively affects its intention to engage in social entrepreneurship.
Conclusion
Social entrepreneurship is a dynamic and impactful field that merges entrepreneurial innovation with a mission to address social and environmental challenges. It is characterized by a focus on creating social value, often without prioritizing profits, and plays a crucial role in fostering intersectoral collaborations and innovative solutions. While the field is still developing, with a need for more rigorous research, it holds significant potential for driving social change and addressing unmet societal needs.
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