Social Entrepreneurship in Cross-Cultural Context: Multiple Value Creation

Abstract

This paper proposes a new model to conduct case comparative studies with respect to social entrepreneurship and sustainable development goals; examining different organizational processes, stakeholder perspectives and taking multiple value-creation into account (social, human, financial, intellectual, natural, and manufactured). This model was developed based on literature research and several pilot case studies of cases of social entrepreneurship in the region of Arnhem and Nijmegen (the Netherlands) with relevant social entrepreneurship in the region of Bangalore (India). Social entrepreneurs should identify, evaluate and prioritize sustainable development issues which maximize outcomes for the six capitals and hence their contribution to the UN Sustainable Development Goals (SDG) targets. To create social value, the activities of social entrepreneurs represented in their business models require inputs, transformation and output in terms of the six capitals. The authors propose a new Social Entrepreneurship Model that frames social entrepreneurship in a cross-cultural context where co-creation is essential by providing stakeholders with knowledge, insights and skills in how they can overcome social problems and improve communities in their local contexts.