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Leveraging Social and Intellectual Capital for Social Entrepreneurship: A Model for Sustainable Business Practices in an Uncertain Environment

Author

Listed:
  • Krishna Dixit

    (Institute of Management Technology Hyderabad, Shamshabad, Hyderabad 501218, Telangana, India)

  • Pranav Kumar

    (School of Business, Department of Management, American University of Ras Al Khaimah, Ras al Khaimah 72603, United Arab Emirates)

  • Kumar Aashish

    (Jaipuria Institute of Management, Noida, A-32A, Opposite IBM India, Block A, Industrial Area, Sector 62, Noida 201309, Uttar Pradesh, India)

  • Mohammad Zohair

    (Department of Business Studies, Central University of Karnataka, Kadaganchi 585367, Karnataka, India)

Abstract

Social entrepreneurship helps solve social issues and bridges public and private sectors. This study uses a comprehensive framework to examine social, intellectual, and external risks in social entrepreneurship and its effects on society and the environment. Using the literature review’s variables, this study developed a conceptual model. The empirical research is based on a survey of 252 social entrepreneurs from different industrial/service sectors. The findings show that intellectual capital helps identify and seize social opportunities. Social capital—social networks, knowledge, trust, and critical resources—guide social entrepreneurs through complex social business environments. The study’s novel approach to external uncertainty in social entrepreneurship shows that firms can design risk-resilient strategies to build sustainable business models by considering external uncertainty. Organizations can consider social entrepreneurship’s social and environmental impacts to create businesses that address the root causes of societal issues. The study adds to theoretical understanding by incorporating a variety of factors that influence social entrepreneurship function and frameworks in driving social and environmental impact.

Suggested Citation

  • Krishna Dixit & Pranav Kumar & Kumar Aashish & Mohammad Zohair, 2025. "Leveraging Social and Intellectual Capital for Social Entrepreneurship: A Model for Sustainable Business Practices in an Uncertain Environment," JRFM, MDPI, vol. 18(2), pages 1-18, January.
    • Handle: RePEc:gam:jjrfmx:v:18:y:2025:i:2:p:46-:d:1573326
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    References listed on IDEAS

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    1. Zahra, Shaker A. & Gedajlovic, Eric & Neubaum, Donald O. & Shulman, Joel M., 2009. "A typology of social entrepreneurs: Motives, search processes and ethical challenges," Journal of Business Venturing, Elsevier, vol. 24(5), pages 519-532, September.
    2. Raghda El Ebrashi, 2013. "Social entrepreneurship theory and sustainable social impact," Social Responsibility Journal, Emerald Group Publishing Limited, vol. 9(2), pages 188-209, May.
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    5. Giuseppina Maria Cardella & Brizeida Raquel Hernández-Sánchez & Alcides Almeida Monteiro & José Carlos Sánchez-García, 2021. "Social Entrepreneurship Research: Intellectual Structures and Future Perspectives," Sustainability, MDPI, vol. 13(14), pages 1-21, July.
    6. Weerawardena, Jay & Mort, Gillian Sullivan, 2006. "Investigating social entrepreneurship: A multidimensional model," Journal of World Business, Elsevier, vol. 41(1), pages 21-35, February.
    7. Shameen Prashantham & Charles Dhanaraj, 2010. "The Dynamic Influence of Social Capital on the International Growth of New Ventures," Journal of Management Studies, Wiley Blackwell, vol. 47(6), pages 967-994, September.
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