Process Of Social Value Creation Research Articles

Social entrepreneurship finance: the gaps in an innovative discipline

PurposeSocial entrepreneurship is gaining increased attention from academia and practitioners worldwide. Owing to its financing challenges, academic pedagogies are seeking methods to strengthen the social financing dimension of this emerging discipline. This paper bridges the gap in social entrepreneurship education by portraying diverse perspectives on this topic from multiple actors in two cross-cultural contexts.Design/methodology/approachA qualitative case analysis was conducted to explore financing aspects of social entrepreneurship in France and the United States. The authors interviewed academicians and practitioners to learn about their current experiments and thoughts on integrating finance into the curriculum for social entrepreneurship.FindingsThe authors found multiple facets of the social entrepreneurship finance construct, focused not only on specific financial skills but also on a general approach to venture designs. Multidisciplinary knowledge is sought not just on the topic of finance but also in other disciplines that can broaden its scope of financing to a larger investor domain. While in France, this came out as a need for integrating the financial communication skills to personify the social value creation process; in the US, it was pointed out as the need for having a contractual knowledge to differentiate investment opportunities and comprehend their risks levels.Originality/valueBy bringing perspectives from multiple actors who have had experience in social entrepreneurship financing in regions with the fastest development, this paper is seminal in bridging the financing skill gaps that exist in social entrepreneurship discipline. The main theoretical contribution of this article concerns the skills, financial and otherwise that are useful in social finance.

Can Blockchain Technology-based Crowdfunding advance the Social Value Creation

This paper explores the hands-on applications of blockchain technology in social crowdfunding platforms (SCPs). The emergence of blockchain technology in financial world promise a promising solution for the current difficulties, and facilitate the development of SCPs. By conducting a qualitative research, we shed the lights on how blockchain technology can be employed to facilitate the social value creation of crowdfunding. To the end, we identified facilitators of the social value creation process through blockchain technology such as reducing operational costs, increasing trust and transparency, and facilitating a broader crowdfunding community, and the barriers of this application in terms of development costs and legal requirements.

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

This study investigates the practical applications of blockchain technology in socially oriented crowdfunding platforms (SCPs). In recent years, SCPs have grown due to their perceived benefits compared to traditional funding channels. However, skepticism remains regarding the potential for the further development of crowdfunding platforms, especially SCPs, due to restrictions on attracting investment as well as concerns related to transparency, reliability, and trustworthiness. The recent applications of blockchain technology in crowdfunding promise a possible solution to current obstacles, and may facilitate SCPs. Employing a qualitative research approach based on three case studies, this study addresses how blockchain technology can be used to facilitate the social value creation of crowdfunding when adopted as an alternative infrastructure. Accordingly, this study identifies both the facilitators of the social value creation process through blockchain technology (e.g., reducing operational costs, increasing trust and transparency, and cultivating a broader crowdfunding community) and the barriers of this application in terms of development costs and legal requirements. In addition to answering calls to investigate the role of blockchains in facilitating social activities, this study expands the emerging literature by demonstrating the practical applications of blockchain use in crowdfunding.

Social Value as a Mechanism for Linking Public Administrators with Society: Identifying the Meaning, Forms and Process of Social Value Creation

ABSTRACT Despite public/private/third sector organisations creating and demonstrating the social value of their interventions, they face challenges in understanding and executing the process of social value creation, due to both the lack of definition and theoretically embedded explanatory models of social value. This article seeks to fill this gap by defining social value and identifying the process involved in social value creation from a Weberian standpoint of social action, class and power. Nine resource capitals were identified that contribute to the creation of social value in society: social, ethical, cultural, human/intellectual, physical, economic/financial, environmental/natural, religious, and political. The research utilises Q-methodology to develop a typology of social value and semi-structured interviews to understand the process of social value creation. The results reveal four-types of social value: action-driven, outcomes-driven, sustainability-driven and pluralism-driven, which can be derived through individual/collaborative and resource capitals-driven processes. An integrated framework for social value creation, embedded within a Weberian theoretical framework, is presented to assist policy-makers to commission social value, and public/private/third sector organisations to deliver social value.

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

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.

Transforming Good Intentions into Social Impact: A Case on the Creation and Evolution of a Social Enterprise

Process models are valuable conceptual tools to help in understanding the approaches to value creation in social enterprises. This teaching case illustrates the application of a process model about creating, building, and sustaining a social enterprise with a mission to provide clean water to communities in need. The social enterprise generates revenue in support of community water projects and works with community stakeholders in different locations throughout the world to provide sustainable clean water solutions. The case study uses primary data from semi-structured interviews, direct observations of a community project, and archival sources to demonstrate application of the process model. The study shows how the social enterprise developed as a promising idea; was implemented through an operating model with resources to support social impact; and continues to build and evolve while guided by the social mission. The paper concludes with a discussion and teaching note on ways to use the case for educational purposes to enhance learning about the social value creation process.

Social entrepreneurship: Creating value in the context of institutional complexity

Drawing on literature on institutional complexity and social movement and paradox theories, we examine the possibility for institutional complexity to provide opportunities for social entrepreneurship. Our ethnographic case study based on a social venture in India shows that institutional complexity manifests in forms of overlapping and/or contradictory institutional logics and provokes paradoxical tension. We identify four strategic responses to institutional complexity: appropriation, integration, differentiation, and working-through. These strategies enable reaching out to a broader range of stakeholders. In conclusion, we argue that institutional complexity can be resourceful in a dynamic process of social value creation.

Social Value Creation and Relational Coordination in Public‐Private Collaborations

AbstractPublic‐private collaborations, or hybrid organizational forms, are often difficult to organize because of disparate goals, incentives, and management practices. Some of this misalignment is addressed structurally or contractually, but not the management processes and practices. In this study, we examine how the coordination of these social and work relationships, or relational coordination, affects task performance and the creation of social value. We employ a dyadic perspective on two long‐term relationships that are part of a wider ecosystem. We illustrate the social value creation process, identifying mutual knowledge and goal alignment, as necessary to create relational coordination. We find that the degree of professional embeddedness moderates the link between coordination and task performance, and explore the role that organizational and ecosystem experiences play. We develop a model of how relational coordination influences social value creation in hybrids. The findings have implications for social value creation, hybrid collaborations, and organizational design.

Deconstructing the Way in which Value Is Created in the Context of Social Entrepreneurship

AbstractAccording to existing literature, the core of social entrepreneurship (SE) knowledge is evolving and, as such, it has made important contributions to theoretical definitions and essential characterizations. However, more theoretical issues need to be addressed before the SE field can be fully explained and understood. In particular, the authors observe in the literature that, within empirical or conceptual studies, almost all authors use the term ‘value’, but seemingly assume the dimensions of value rather than define or analyse its connotations and components. This paper uses the value construct and its multi‐faceted dimensions to deconstruct the way in which value is created in the SE context. The authors argue that an analysis based on value generation, value capture and value sharing provides important insights into the specificity of SE research and can facilitate future theorizing. Through the conceptual lens of this central concept of value emanating from value theory and business model literature, the authors abductively analyse and classify the studies, providing a practical resource. The authors discuss the phenomenon, presenting an integrative framework that facilitates a clearer understanding of the social value creation process and suggest future research areas as openings for theory development in relation to value creation, its main components and flows.