A Positive Theory of Social Entrepreneurship
I propose a theory aimed at advancing scholarly research in social entrepreneurship. By highlighting the key trade-off between value creation and value capture and explaining when situations of simultaneous market and government failure may arise, I suggest that social entrepreneurship is the pursuit of sustainable solutions to neglected problems with positive externalities. I further discuss the situations in which problems with externalities are likely to be neglected and derive the central goal and logic of action of social entrepreneurs, in contrast to commercial entrepreneurs. Overall, this article provides a conceptual framework that allows understanding the growing phenomena of social entrepreneurship and its role in the functioning of modern society. Copyright Springer Science+Business Media B.V. 2012
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- Gerard P. Hodgkinson, 1997. "Cognitive Inertia in a Turbulent Market: the Case of UK Residential Estate Agents," Journal of Management Studies, Wiley Blackwell, vol. 34(6), pages 921-945, November.
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- Craig VanSandt & Mukesh Sud & Christopher Marmé, 2009. "Enabling the Original Intent: Catalysts for Social Entrepreneurship," Journal of Business Ethics, Springer, vol. 90(3), pages 419-428, December.
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