The Emerging Field of Social Entrepreneurship

1532 Words4 Pages
bulb-icon

Recommended: Opportunity formation in social entrepreneurship

Introduction:
The emerging field of social entrepreneurship calls for a need for new integrated theories to contribute to the discipline and help grow the field. Social Entrepreneurship has been a topic of academic interest for the past few decades; however there has been little scholarly output in mainstream journals (Short, Moss, & Lumpkin 2009).Social entrepreneurship is commonly defined as “entrepreneurial activity with an embedded social purpose” (Austin et al. 2006). Social entrepreneurs play a role of change agents in society by adopting missions to create and sustain social value. They recognize and pursue new opportunities to serve the particular mission at hand. Social entrepreneurs engage in a process of continuous innovation, adaption and learning. With these components, social entrepreneurs are able to act without being limited by current resources. They are accountable to the constituencies served and for outcomes created as a result of their actions (Dees, 1998).
Although social entrepreneurs usually start rather small their initiatives often have global relevance, issues such as unemployment, incarceration, disease, small business creation, access to clean water, renewable energy, waste management etc. These issues and needs usually arise within a disenfranchised sector of society, and they are the drivers of social entrepreneurship.The desires or needs of the disadvantage segment of society are defined in the literature as positive externalities. Positive externalities are situations whenthe potential for value capture is lower than the potential for value creation because the benefits of society outweigh the benefits that could possibly be accrued by the organization or entrepreneur (Santos, 2012). S...

... middle of paper ...

...hip, Journal of Business Ethics: Volume 111, Issue 3, Pages 335-351.

Short, J.C., Moss, T. W., &Lumpin, G.T. (2009). Research in social entrepreneurship: Past contributions and future opportunities. Strategic Entrepreneurship Jornal, 3, 161-194.

Sorenson, E. and Torfing, J., 2003. Network politics, political capital and democracy. International journal of public administration, 26, 609-634.

Rangan, S., Samii, R., & Van Wassenhove, L.N. (2006). Constructive partnerships: When alliances between private firms and public actors can enable creative strategies. Academy of Manament Review, 31(3), 738.

Lavie, D. (200). Alliance portfolios and firm performance; A study of value creation and appropriation in the U.S. software industry. Strategic Management Journal

Wernerfelt, B., 1984. A resource-based view of the firm. Strategic management journal, 5, 171- 180

Show More
Related

  • Should Companies Embrace Social Business

    1447 Words  | 3 Pages

    There are slow adoption rates for internal corporate social networks for many reasons. Although management and organization plays a role, the technology factor is the main reasons why employees are refusing to use these internal networks. With the rate at which technology is becoming more and more advanced, social networking systems are constantly updating their software and user interface (Laudon & Laudon, 2013). This mean that employees who are used to traditional forms of networking such as email, have to take the time to learn new systems and keep up with more social networking than they would like. In the eyes of the employee, using traditional forms of networking is simply more efficient. In order to make these internal social networking programs work, companies need to make more user friendly and easily manageable sites (Altman, 2015). Management also plays a part in the slow adoption rates. Managers need to provide more incentive for employees to use these networks aside from basic social interaction. For example, instead of sending memo’s via email, or other traditional forms of communication, slowly veer employees to seek memos on the company’s social networking site. Making strides like this will give employees more incentive to at least use the sites more often and participate in discussions and posts related to the business. This will allow employees to explore the sites and discover other useful features that might help improve productivity within the office. Organization of the sites could also be greatly approved. Many companies try to mimic other popular social networking sites, this however, may not be a viable solution. Instead, IT personnel should format th...

    Read More

  • Belle Meade Plantation Case Analysis

    561 Words  | 2 Pages

    Social entrepreneurship rests on a sound business strategy as Belle Meade operates similarly to a for-profit organization. Resurrecting wine production and sales provided self-sufficiency and revenue

    Read More

  • Social Enterprise Case Study Review

    728 Words  | 2 Pages

    A social enterprise is an entrepreneurial, non-profit project that generates revenues and serves a social cause. It is a social value-creating activity implemented through innovative and resourceful approaches. Social entrepreneurs seek to create social value because they have identified a problem in society that they want to solve. Social entrepreneurs are risk takers. They are willing to take reasonable risk on behalf of the people the organization aims to serve. They understand that new opportunities arise in the changes in the government and the industry. The social and financial return of their investments are always weighed so that they true to their social mission. Social entrepreneurs have

    Read More

  • Debra Lam's Speech Analysis

    579 Words  | 2 Pages

    I’ve always had that predominant perception that one can always rely on sympathy sales when running a Social Enterprise, “After all we are doing a good deed, society would see our hard efforts and lend us a hand won’t they?” That was my very own opinion towards running a Social Enterprise. Thankfully, this fallacy I had in my head was struck down by Debra’s sharing. I now understand that even though it is important for a Social Enterprise to be profit-orientated and to have a firm social cause to work in. We must not only take into consideration about the social mission that we are working towards but to also consider the consumers that we are serving to always ensure that we provide a service that is worthy enough to satisfy them to ensure that they will come back to bring business to us again.

    Read More

  • Why I Chose Business

    514 Words  | 2 Pages

    Well before we can make a change to something we must understand how it works, and how it was meant to function. Before I attended college, I was naive to some of the things I am now aware of in my community and surrounding neighborhood. With my knowledge of business and marketing I want to be a part of the rebuild in the rise of African American businesses in the African American community. Explaining an instilling in them the skills and techniques that can take their hopes and dreams transform them into something tangible. Along with social entrepreneurship and the resources that it provides with networking comes the chances of unseen potential and possibilities that can progress even more with in our community extending to our youth.

    Read More

  • Social And Solidarity Economy

    1083 Words  | 3 Pages

    Government support for social economy entities is recognized in European Union, Brazil and Argentina. While in countries of Africa and Asia support is built by the citizens forums and networks on sustainable development and by United Nations agencies. Among policy themes on social enterprises are: improving access to financial resources; research for increasing understanding and visibility; capacity building; ac¬cess to public procurement.

    Read More

  • Entrepreneurship within the Health Care Industry

    922 Words  | 2 Pages

    The positive and negative aspects of entrepreneurships have surfaced in today’s society. Health information use to be a pencil and paper industry; howev...

    Read More

  • Social Innovation and Organisational Form

    2786 Words  | 6 Pages

    Our societies are facing extraordinary challenges: increasing inequality, rising poverty rates, unstable economies, climate change and a raft of other issues. Change is happening at an alarming speed and the social and environmental need is mounting to a petrifying crescendo (Innovation 2013). According to Mulgan (2006) the pace of social innovation is going to accelerate at an abnormal rate in the coming century. From my study in this course I have come to realise that a social innovation is a bold, new or improved solution, that fulfills an unmet need, changes current behaviors, co-creates value alongside community values and drivers for implementation and growth, and cuts across sectors. Social innovation may be carried out by individuals and business’s under a wide array of forms. For the purpose of this essay, I have chosen to compare and contrast two different organisational forms, Hybrids and cooperatives and evaluate their enabling and constraining impact on social innovation using well structured examples. Hybrid organizations make up the bulk of the public sphere in many Western European countries (kickert, 2001). We must be aware of a number of features that salamon laid out to look at the criterial for effective impact analysis too. Salamon suggests that impact analysis must be systematic, theory based, more than a c...

    Read More

  • Importance Of Personal Experience In The Organisational Setting

    932 Words  | 2 Pages

    The elements of this resilient system are a self-organizing approach, the ability to withstand disruption and retain organisational identity, and a flexibility tied to continuously growing the learning capacity within the organisation (Moore & Westley, 2011). A highly contextually relevant quotation from Westley (2013), relating to this resilience, covers one primary basis for an organisational capacity for social innovation.

    Read More

  • Corporate Entrepreneurship

    1273 Words  | 3 Pages

    Corporate Entrepreneurship can be seen as the process whereby an individual or a group creates a new venture within an existing organization, revitalizes and renews an organization ,or innovates. Zahra’s(1986) definition of corporate entrepreneurship suggests a formal or informal activity aimed at creating new businesses in established firms through product and process innovations and market developments,whereas sathe(1985) defines corporate entrepreneurship as a process of organizational renewal. Corporate Entrepreneurship has emerged as a much needed ingredient contributing towards the growth of any organization under a changing business environment.

    Read More

  • Entrepreneurship and Its Impact on Sustainable Development

    1314 Words  | 3 Pages

    Ana Maria Romero-Martinez, Angeles Montoro-Sanchez (2008). How clusters can encourage entrepreneurship and venture creation Reasons and advantages, Int Entrep Manag J, (4) 315-329.

    Read More

  • Social And Social Entrepreneurship

    1424 Words  | 3 Pages

    Social entrepreneurs are individuals with innovative solutions to society’s most pressing social problems. Rather than leaving societal needs to the government or business sectors, social entrepreneurs find what is not working and solve the problem by changing the system, spreading the solution, and persuading entire societies to move in different directions. ust as entrepreneurs change the face of business, social entrepreneurs act as the change agents for society, seizing opportunities others miss to improve systems, invent new approaches, and create solutions to change society for the better. While a business entrepreneur might create entirely new industries, a social entrepreneur develops innovative solutions to social problems and then implements them on a large scale.

    Read More

  • Key Factors to a Successful Business

    1896 Words  | 4 Pages

    It can be concluded that entrepreneurship cannot exist in the absence of innovation. Innovative entrepreneurship is the key to a successful business leading to economic development. Entrepreneurs are very prominent figures of society and therefore their actions and decisions have a significant impact on the welfare of stakeholder groups. Sustainability plays a vital role in this relationship in that it provides a solid foundation upon which a business can expand with more temerity and assuredness.

    Read More

  • The Importance Of Social Enterprise

    758 Words  | 2 Pages

    Social Enterprise is the best form of economic organization to produce goods and services for the communities. (Agree)

    Read More

  • What Are The Importance Of Entrepreneurship?

    1844 Words  | 4 Pages

    Entrepreneurship is an important aspect of social, economic and community life. It can be viewed as a critical factor to economic growth as well as a way of addressing unemployment (Nolan, 2003).Entrepreneurs are people who are persistently focused on identifying opportunities, they seek to create something worthwhile while taking into account foreseeable risk and rewards associated with the efforts (Nolan, 2003). Furthermore, entrepreneurs are frequently understood to be individuals who discover market needs and establish new business to meet those identified opportunities. The following assignment will firstly discuss the types of entrepreneurship, secondly it will discuss the reasons people become entrepreneurs, and thirdly it will discuss the importance of entrepreneurship.

    Read More

More about The Emerging Field of Social Entrepreneurship

Open Document