scholarly journals Social Value Creation and Institution-Entrepreneurial Dynamics in a Three Sector Economy

2014 ◽  
Vol 6 (10) ◽  
pp. 795-809
Author(s):  
Gift Dafuleya
Keyword(s):  
Value Creation ◽  
Social Value ◽  
Social Entrepreneurs ◽  
Social Value Creation ◽  
Entrepreneurial Dynamics

This paper attempts to answer the question: who creates social value in an economy, for whom and how? By examining the focal institutions that operate in a three sector economy, the paper, at the risk of oversimplifying and over narrowing the scope, develops an institution-entrepreneurial matrix that categorise institutions and provides clarity on the field of play. Coupling this with an institutions-actions model, the paper creates two scenarios of institution-entrepreneurial dynamics within the context of social value creation. The analysis demonstrate that mission drifts that adjust the realm of organizations are inevitable, but need to be carefully managed to avoid mix-up on who does what, for whom and how. At the heart of the discussion is the role of social entrepreneurs whose creation of social value to the segment of humanity in an unjust equilibrium is slightly distinct from the rest. Their unique realm lies in the realisation of nuanced pare to improvements.

Challenges to measuring social value creation through social impact assessments: the case of RVA Works

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Balashankar Mulloth ◽  
Stefano Rumi
Keyword(s):  
Value Creation ◽  
Real World ◽  
Social Enterprise ◽  
Social Impact ◽  
Social Value ◽  
Impact Measurement ◽  
Social Entrepreneurs ◽  
Content Type ◽  
Social Value Creation

PurposeDespite the prevalence of academic literature debating and proposing competing conceptions of social value creation through socially driven enterprises, there is a lack of empirical studies on established impact measurement methodologies in the context of real-world ventures. The purpose of this paper is to illustrate a structured process of conducting social impact assessments (SIAs) through the real-world case of Richmond, Virginia Works Enterprise Support (RVA Works), a social enterprise in Richmond, Virginia, that provides educational programming on small business ownership to minorities and lower-income individuals.Design/methodology/approachThis qualitative research study incorporates an in-depth case study methodology. Evidence was collected through interpretive/qualitative interviews and direct observations by the researchers.FindingsUsing the example of RVA Works, the authors show that there is a lack of standardization and guidance for social entrepreneurs in choosing methods to assess their organizational performance, and that leading conceptions of social impact continue to face key weaknesses in their methodologies.Practical implicationsBy incorporating a qualitative case study approach, the authors present a real-world study of a social enterprise – specifically a microenterprise development organization – that may serve as a valuable example to social entrepreneurs and not-for-profit leaders facing similar challenges of social value creation and impact measurement.Originality/valueIn studying the experience of conducting SIAs by social enterprises, the authors illustrate the real-world challenges faced by entrepreneurs in applying theoretical conceptions of social value to the outcomes of their ventures, thus illustrating a need for additional clarity and discussion around a more comprehensive, standardized and broadly applicable measurement approach.

scholarly journals Decoding the Process of Social Value Creation by Chinese and Indian Social Entrepreneurs: Contributory Factors and Contextual Embeddedness

2019 ◽  
Vol 15 (02) ◽  
pp. 269-306 ◽  
Author(s):  
Deepak Sardana ◽  
Vassiliki Bamiatzi ◽  
Ying Zhu
Keyword(s):  
Value Creation ◽  
Social Inclusion ◽  
Economic Value ◽  
Social Enterprises ◽  
Social Value ◽  
Social Entrepreneurs ◽  
Social Challenges ◽  
For Profit ◽  
Process Framework ◽  
Social Value Creation

ABSTRACTNowadays social entrepreneurship is recognized as a two-way process, addressing both social and economic concerns that can bring social inclusion, equity, and development to disadvantaged groups in society. This aspect is particularly important and desirable within emerging economies. In these markets, which are constantly faced with profound economic and social challenges, we see the growing importance of social entrepreneurs as they take upon themselves the provision of welfare services and progressive activities. However, our understanding of the mechanisms underlying the creation of social and economic values in social enterprises, and the factors contributing to the establishment of these value creation objectives, is still rather fragmented. Our article contributes to this gap in the literature by decoding the process via which for-profit social entrepreneurs from China and India create social and economic value. In addition, by combining a deductive and an inductive approach of analysis, we offer novel insights into the context-dependent processual patterns deciphered within the two countries. A new entrepreneurial process framework that reflects the contextualized social value creation process by social entrepreneurs is thus provided.

scholarly journals Crowdfunding and Value Creation

2015 ◽  
Vol 5 (2) ◽  
Author(s):  
Moriah Meyskens ◽  
Lacy Bird
Keyword(s):  
Value Creation ◽  
Theoretical Framework ◽  
Social Value ◽  
Social Venture ◽  
Social Value Creation ◽  
Social Ventures ◽  
Venture Funding ◽  
Insight Into

AbstractSocial ventures like other entrepreneurial endeavors often have difficulty in seeking financing. This study assesses the role of crowdfunding in social venture funding. We provide insight into crowdfunding types and platforms and social value creation. Then we offer a theoretical framework to help social ventures and social investors best choose which type of crowdfunding (reward, donation, equity, debt) might make most sense to them given their economic and social value creation goals.

Social value creation and the role of business schools

2015 ◽  
Vol 9 (4) ◽  
pp. 426
Author(s):  
Mee Shew Cheung ◽  
Ravi Chinta ◽  
Hasan Faruq
Keyword(s):  
Value Creation ◽  
Business Schools ◽  
Social Value ◽  
Social Value Creation

scholarly journals Social value creation by multinational enterprises

2019 ◽  
Vol 16 (1) ◽  
pp. 47-75 ◽  
Author(s):  
Asmund Rygh
Keyword(s):  
Value Creation ◽  
Multinational Enterprises ◽  
Economic Value ◽  
Theory Development ◽  
Social Value ◽  
Content Type ◽  
Financial Outcomes ◽  
The Social ◽  
Social Value Creation

Purpose This study aims to discuss an argument that the social value creation of multinational enterprises (MNEs), beyond creating economic value for the shareholders, could be the next “big question” for international business (IB) research. The authors also provide examples of promising research topics associated with this research agenda. Design/methodology/approach The paper is conceptual. Findings Although a new paradigmatic question for IB in terms of social value creation would lead IB outside familiar territory in terms of the previous focus on financial performance, IB scholars are well equipped to take on this broader question. IB scholars arguably have their key strengths in understanding the inner workings of firms, as well as in understanding the role of context for business. Moreover, to the extent that this new agenda requires IB scholars to acquire new capabilities and form new partnerships with relevant disciplines, this could contribute to revitalising the IB field. As illustrated by the suggested topics, such an agenda could both increase the relevance of IB research and contribute to theory development. Originality/value The paper is amongst the first to explore the notion that a broader view of the outcome of MNE activities, beyond MNEs’ own financial outcomes, should be a key goal of future IB research.

Genesis and Development of Social Entrepreneurship in India

2017 ◽  
pp. 414-428 ◽  
Author(s):  
Neeta Baporikar
Keyword(s):  
Health Care ◽  
Social Change ◽  
Value Creation ◽  
Social Entrepreneurship ◽  
Social Impact ◽  
Social Value ◽  
Limited Resources ◽  
Social Entrepreneurs ◽  
The Social ◽  
Social Value Creation

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.

The role of blockchain technology-based social crowdfunding in advancing social value creation

2021 ◽  
Vol 170 ◽  
pp. 120898
Author(s):  
Loan T.Q. Nguyen ◽  
Thinh G. Hoang ◽  
Linh H. Do ◽  
Xuan T. Ngo ◽  
Phuong H.T. Nguyen ◽  
...  
Keyword(s):  
Value Creation ◽  
Social Value ◽  
Blockchain Technology ◽  
Social Value Creation
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