Exploring Value Creation in the Context of Social Enterprises in Malaysia

Farah Aida Ahmad Nadzri, Norhayati Wahib, Nadiatul Akmal Rosle and Hidayahtul Khusna Abdul Malik
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Farah Aida Ahmad Nadzri: Accounting Research Institute (ARI-HICoE), Universiti Teknologi MARA, Malaysia
Norhayati Wahib: University Poly-Tech Malaysia
Nadiatul Akmal Rosle: University Poly-Tech Malaysia
Hidayahtul Khusna Abdul Malik: University Poly-Tech Malaysia

International Journal of Research and Innovation in Social Science, 2024, vol. 8, issue 12, 3430-3435

Abstract: This concept paper explores value creation in Malaysian social enterprises by examining their contributions across three interconnected dimensions: economic, social, and environmental. It highlights the critical enabling factors, including leadership, stakeholder engagement, and innovation, which drive sustainable impact within the Malaysian context. Governance and accountability are emphasized as overarching mechanisms that ensure alignment with organizational missions while fostering transparency and trust. Drawing on existing literature and global frameworks, this paper proposes a conceptual framework that integrates these dimensions and enabling factors. The study addresses key challenges faced by Malaysian social enterprises, such as limited standardized reporting, access to funding, and effective governance practices. It also outlines avenues for future research, including impact measurement, technology adoption, and cross-cultural comparative studies. The proposed framework provides a foundation for strengthening Malaysia’s social enterprise ecosystem and aligning it with broader sustainable development goals.

Date: 2024
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