Understanding success factors of Class B enterprises in Chile: a pioneering study on socially and environmentally responsible entrepreneurship

Virginie Hachard (), Makram Chemangui, Amir Hasnaoui, Zocimo Campos, Lionel Valenzuela and Fernando Yanine
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Virginie Hachard: Métis Lab EM Normandie - EM Normandie - École de Management de Normandie = EM Normandie Business School
Makram Chemangui: Audencia Business School
Amir Hasnaoui: CERIIM - Centre de Recherche en Intelligence et Innovation Managériales - Excelia Group | La Rochelle Business School
Lionel Valenzuela: UTFSM - Universidad Tecnica Federico Santa Maria [Valparaiso]

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Abstract: Innovative entrepreneurship drives economic and societal progress by introducing novel products, services, and business models. Class B enterprises stand out for harmonising profitability with exceptional social and environmental performance, yet their success factors remain underexplored. This study examines the success factors of Class B enterprises in Chile across five strategic dimensions. Using a descriptive and empirical approach, in-depth surveys were conducted with 34 of the 74 registered Class B companies in Chile. Statistical analysis revealed critical success factors shaping their performance, including the entrepreneurial ecosystem, access to clients, education quality, and support networks. Notably, 81% of entrepreneurs highlighted the ecosystem as pivotal. These findings provide valuable insights into the operational dynamics of Class B enterprises, underscoring the importance of external influences. This pioneering study enriches the literature by offering a comprehensive analysis of success factors in socially and environmentally responsible entrepreneurship in Chile and Latin America.

Keywords: Class B enterprises; Social entrepreneurship; Innovation; Entrepreneurial ecosystems; Success factors; Community-based sustainability; Chile (search for similar items in EconPapers)
Date: 2026
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Published in International Journal of Entrepreneurship and Small Business, inPress, ⟨10.1504/IJESB.2026.10069485⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05148524

DOI: 10.1504/IJESB.2026.10069485

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