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‘Changing the System’: Compensatory versus Transformative Social Entrepreneurship

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  • Lance R. Newey

Abstract

‘Changing the system’ has long been a part of definitions of social entrepreneurship (SE). This paper focuses on capitalism as a global socio-economic system and understanding the role of SE in relation to this system. A distinction between two types of SE activity is introduced: compensatory and transformative. Compensatory SE compensates for market failures within the global capitalist system. By contrast, transformative SE specifically seeks to change the system of global capitalism. Using the examples of the alter-globalization movement and transition towns, the paper advances a conceptualization of transformative SE which contrasts assumptions with compensatory SE. This distinction aids to make the field of SE more truly global, multidisciplinary, representative and emancipatory.

Suggested Citation

  • Lance R. Newey, 2018. "‘Changing the System’: Compensatory versus Transformative Social Entrepreneurship," Journal of Social Entrepreneurship, Taylor & Francis Journals, vol. 9(1), pages 13-30, January.
  • Handle: RePEc:taf:jsocen:v:9:y:2018:i:1:p:13-30
    DOI: 10.1080/19420676.2017.1408671
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    References listed on IDEAS

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    1. Susan Mueller & Robert S. D'Intino & Jennifer Walske & Michel L. Ehrenhard & Scott L. Newbert & Jeffrey A. Robinson & Jason C. Senjem, 2015. "What's Holding Back Social Entrepreneurship? Removing the Impediments to Theoretical Advancement," Journal of Social Entrepreneurship, Taylor & Francis Journals, vol. 6(3), pages 245-256, November.
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    Cited by:

    1. Claudiu Constantin Oancea, 2020. "Living Communist History in the Living Room: The Communist Consumer Museum in Timisoara, Romania," Logos Universalitate Mentalitate Educatie Noutate - Sectiunea Filosofie si Stiinte umaniste/ Logos Universality Mentality Education Novelty - Section: Philosophy and Humanistic Sciences, Editura Lumen, Department of Economics, vol. 8(1), pages 08-19, June.
    2. Aquino, Richard S., 2022. "Community change through tourism social entrepreneurship," Annals of Tourism Research, Elsevier, vol. 95(C).
    3. Claudiu Oancea, 2020. "Recycling Romania’s Communist Past as an Entrepreneurial Project. Two Case Studies," Manager Journal, Faculty of Business and Administration, University of Bucharest, vol. 31(1), pages 46-60, December.

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