Business Model for Social Entrepreneurship

Neeti Singh ()
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Neeti Singh: Centre for Study of Change and Development (CSSCD), Institute for Social and Economic Change

Chapter Chapter 2 in In Search of Business Models in Social Entrepreneurship, 2021, pp 15-36 from Springer

Abstract: Abstract Social entrepreneurship is known to works toward achieving the developmental goals that are associated with the social and basic needs of the people, suggesting a commonality with sustainable development. Sustainable development is based on the interdependence of environmental, social, and economic systems, and is expected to promote equality and justice through people empowerment. Assuming a synergy between social entrepreneurship and sustainable development, this study draws from the literature to bring the characteristics of social entrepreneurship that can be seen as a strategy to achieve the goals of providing for the basic needs of the people. These characteristics are social value creation, the inclusion of the bottom of the pyramid, social innovation, and market orientation. As essential constituents of the strategy of social entrepreneurship, they suggest bringing sustainable development. This is an exploratory study that aims to develop a conceptual framework for a social entrepreneurship business model that could combine the practices and operational strategies of social entrepreneurship. This conceptual model is based on Hamel’s business model framework and how it operationalizes social entrepreneurship to achieve sustainable development.

Keywords: Social entrepreneurship; Sustainable development; SELCO and business model (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-16-0390-7_2

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DOI: 10.1007/978-981-16-0390-7_2

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