Understanding the social role of entrepreneurship
File(s)
Author(s)
Zahra, SA
Wright, M
Type
Journal Article
Abstract
There is a need to rethink and redefine the social value added of entrepreneurial activities to society. In this paper we develop five pillars on which the evolving social role of entrepreneurship can rest and have its impact: (1) connecting entrepreneurial activities to other societal efforts aimed at improving the quality of life, achieving progress, and enriching human existence, (2) identifying ways to reduce the dysfunctional effects of entrepreneurial activities on stakeholders, (3) redefining the scope of entrepreneurial activities as a scholarly arena, (4) recognizing entrepreneurship's social multiplier, and (5) pursuing blended value at the organizational level, centring on balancing the creation of financial, social and environmental wealth. In a final section we discuss implications for practices and for further research.
Date Issued
2015-10-05
Date Acceptance
2015-07-14
Citation
Journal of Management Studies, 2015, 53 (4), pp.610-629
ISSN
0022-2380
Publisher
John Wiley & Sons Ltd
Start Page
610
End Page
629
Journal / Book Title
Journal of Management Studies
Volume
53
Issue
4
Copyright Statement
© 2015 John Wiley & Sons Ltd and Society for the Advancement of Management Studies. This is the accepted version of the following article, which has been published in final form at http://onlinelibrary.wiley.com/doi/10.1111/joms.12149/abstract
Sponsor
Economic & Social Research Council (ESRC)
Grant Number
R.IBSE.3018
Subjects
Social Sciences
Business
Management
Business & Economics
blended value
hybrid organizations
social entrepreneurship
sustainability
KNOWLEDGE SPILLOVERS
INCLUSIVE GROWTH
DARK SIDE
INNOVATION
PERFORMANCE
OWNERSHIP
RESPONSIBILITY
OPPORTUNITIES
CREATION
CONSEQUENCES
Business & Management
1503 Business And Management
1505 Marketing
Publication Status
Published