Creating the Social Venture

2016 ◽  
Vol 3 (1) ◽  
Author(s):  
Leena Ajit Kaushal

Social ventures aim at creating social value. The literature on social entrepreneurship analyses how social entrepreneurs pursue the aspect of social change. The combination of shared value creation-economic and social value- does pose a formidable challenge for social ventures.

2017 ◽  
pp. 414-428 ◽  
Author(s):  
Neeta Baporikar

Societies world over are urgently seeking innovative approaches to address persistent social problems of health care, poverty, child labour, literacy etc. These problems not only persist but also have increased in intensity and complexity. Thus, there is furor for innovative entrepreneurial approaches that can create more social value with limited resources. These approaches need to leverage better on resources to enhance effectiveness through creative partnerships by raised expectations, performance and accountability so as to achieve more sustainable social impact. What business entrepreneurs are to the economy, social entrepreneurs are to society? They may, like business entrepreneurs, be interested in profit, but their emphasis is on social change. While the challenges in the social sector are many, the potential and opportunity for social entrepreneurship to be a powerful force for social value creation has never been greater. Through grounded research and in depth contextual analysis, this chapter focuses on India's genesis and development of social entrepreneurship.


Author(s):  
Neeta Baporikar

Societies world over are urgently seeking innovative approaches to address persistent social problems of health care, poverty, child labour, literacy etc. These problems not only persist but also have increased in intensity and complexity. Thus, there is furor for innovative entrepreneurial approaches that can create more social value with limited resources. These approaches need to leverage better on resources to enhance effectiveness through creative partnerships by raised expectations, performance and accountability so as to achieve more sustainable social impact. What business entrepreneurs are to the economy, social entrepreneurs are to society? They may, like business entrepreneurs, be interested in profit, but their emphasis is on social change. While the challenges in the social sector are many, the potential and opportunity for social entrepreneurship to be a powerful force for social value creation has never been greater. Through grounded research and in depth contextual analysis, this chapter focuses on India's genesis and development of social entrepreneurship.


2019 ◽  
pp. 218-238
Author(s):  
Cristina López-Cózar-Navarro ◽  
Tiziana Priede-Bergamini

In the past few decades a new way of responding to social and environmental problems has emerge: the social entrepreneurship. It is presented as a special type of venture, in which the creation of social value prevails over the maximization of profits. Thus, the main objective of these type of venture is to serve the community and to search for a positive social change. In this chapter, in addition to presenting the concept of social entrepreneurship within the so-called third sector and its various approaches, the main legal forms are also presented, from the cooperatives to the newest initiatives carried out in different countries. Likewise, the different sources of funding that can used by social entrepreneurs, especially business angels and crowdfunding, are detailed. Finally, new trends such as the bottom of the pyramid and the positive social change are addressed within social entrepreneurship.


Author(s):  
Cristina López-Cózar-Navarro ◽  
Tiziana Priede-Bergamini

In the past few decades a new way of responding to social and environmental problems has emerge: the social entrepreneurship. It is presented as a special type of venture, in which the creation of social value prevails over the maximization of profits. Thus, the main objective of these type of venture is to serve the community and to search for a positive social change. In this chapter, in addition to presenting the concept of social entrepreneurship within the so-called third sector and its various approaches, the main legal forms are also presented, from the cooperatives to the newest initiatives carried out in different countries. Likewise, the different sources of funding that can used by social entrepreneurs, especially business angels and crowdfunding, are detailed. Finally, new trends such as the bottom of the pyramid and the positive social change are addressed within social entrepreneurship.


2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Olu Oludele Akinloye Akinboade ◽  
Trevor Taft ◽  
Johann Friedrich Weber ◽  
Obareng Baldwin Manoko ◽  
Victor Sannyboy Molobi

Purpose This paper aims to understand social entrepreneurship (SE) business model design to create values whilst undertaking public service delivery within the complex environments of local governments in South Africa. Design/methodology/approach Face-to-face semi-structured interview was conducted with 15 purposively selected social entrepreneurs in Gauteng and Western Cape provinces. The interview guide consisted of main themes and follow-up questions. Themes included SEs’ general history, the social business model; challenges faced and how these were overcome; scaling and growth/survival strategies. These enabled the evaluation of SEs in terms of identifying key criteria of affordability, availability, awareness and acceptability, which SEs must achieve to operate successfully in low-income markets. Social enterprise owners/managers within the electricity distribution, water reticulation and waste management services sectors were surveyed. Findings Most respondents focus on building a network of trust with stakeholders, through communication mechanisms that emphasize high-frequency engagements. There is also a strong focus on design-thinking and customer-centric approaches that strengthen value creation. The value creation process used both product value and service value mechanisms and emphasized quality and excellence to provide stakeholder, as well as societal value, within their specific contexts. Practical implications This study builds upon other research that emphasizes SEs’ customer-centric approaches to strengthen value creation and on building a network of trust with multiple stakeholders. It contributes to emphasizing the business paradigm shift towards bringing social values to the business practice. Social implications Social good, but resource providers are demanding more concrete evidence to help them understand their impact (Struthers, 2013). This is because it is intrinsically difficult for many social organizations to document and communicate their impact in more than an anecdotal way. The research has contributed to the understanding of how SEs can provide evidence of value creation. Originality/value This study contributes to the understanding of how business models are designed to create value within the context of the overwhelming complexity of local government services in South Africa.


2020 ◽  
pp. 193-198
Author(s):  
A. N. Timokhovich ◽  
O. I. Nikuradze

The problems of measuring the efficiency of social entrepreneurship have been affected. The aim of the study is to identify the most relevant methods for measuring social value and evaluating the effects that arise as a result of the activities of social organizations. Various interpretations of the definition of the term “social entrepreneurship” have been given in the article. The main elements of the process of social entrepreneurship, features of the goal setting and risks of activities in the study area have been emphasized. The stages of planning activities in the field of social entrepreneurship have been described. The most common problems of measurements and evaluation of social effects that social entrepreneurs have to deal with in the process of carrying out activities related to the implementation of social projects: difficulty in achieving a quantitative evaluation, difficulty in predicting the long-term effect of activities, limitations on costs, time resources, indicators of accuracy and interpretation of results have been revealed. Problems in forecasting the effectiveness of social projects have been identified. The main methods that can be used by social entrepreneurs and organizations for measuring the social value and assessing impact of ongoing activities (method of cost-benefit analysis, method of social accounting, method of social return on investment, method of analysis of the main resources of efficiency) have been analysed. Recommendations for social entrepreneurs have been formulated.


2018 ◽  
Vol 150 ◽  
pp. 05095
Author(s):  
Nur Suriaty Daud@Fhiri ◽  
Siti Intan Diyana Ishak ◽  
Suhairimi Abdullah ◽  
A. A. Azmi ◽  
Aida Shakila Ishak ◽  
...  

The purpose of this article is to explore the various discussion of social entrepreneurship. Social entrepreneurship provides a unique opportunity and assumptions to question, challenge and rethink from different perspective of management and business research. This article offers a comparative analysis of commercial entrepreneurship and social entrepreneurship using a prevailing analytical model from commercial entrepreneurship. The analysis highlights key differences and similarities between commercial entrepreneurship and social entrepreneurship. This article also presents a framework on how to approach the social entrepreneurial process more effectively and systematically. Social entrepreneurship is a process of creating value by combining resources in new concepts. These process are intended primarily to get the opportunities to create social value by stimulating social change or achieve social needs. When viewed as a process, social entrepreneurship involves the offering of products and services but can also refer to the creation of new organizations. This article focuses and analyses the literature finding of social entrepreneurship.


Author(s):  
Jorge Colvin Díez ◽  
José Manuel Saiz-Alvarez

The social entrepreneur has been analyzed from many perspectives, either from its social impact, its proposed social value, or its direct or indirect action. This chapter attempts to analyze the entrepreneur from a new approach: the perspective of the leader. Therefore, the question arises: is leadership in social entrepreneurs an evolutionary process or not? Is it a natural ability or a learned technique? Is the social entrepreneur a leader born or made? To answer this, [1] we will analyze the main contemporary theories of leadership from two different paradigms (Colvin, 2013), [2] we will define new concepts in the world of social entrepreneurship, [3] we will establish a life cycle of strategic leadership promoted by the social entrepreneur focused on his or her organization in order to serve as a seed for the intended social impact.


Author(s):  
Cristina López-Cózar-Navarro ◽  
Tiziana Priede-Bergamini

In the past few decades, a new way of responding to social and environmental problems has emerge: the social entrepreneurship. It is presented as a special type of venture, in which the creation of social value prevails over the maximization of profits. Thus, the main objective of these types of ventures is to serve the community and to search for a positive social change. In this chapter, in addition to presenting the concept of social entrepreneurship and its various approaches within the so-called third sector and the emergent fourth sector, the main sources of funding that can be used by social entrepreneurs are also presented, especially business angels and crowdfunding, are detailed. New paradigms such as the collaborative economy and the circular economy are also addressed within social economy, highlighting the relationship with social entrepreneurship and the path of opportunity to foster new ventures in these fields.


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