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The social value of productive entrepreneurship

Author

Listed:
  • Zoltan Acs

    ()

  • Mary Boardman

    ()

  • Connie McNeely

    ()

Abstract

As a critical contribution to the literature on social entrepreneurship, this paper provides structure and clarity to this concept, situating it within the context of charity and philanthropy as sources of social value creation. Identifying social entrepreneurship as creating both social and economic value, we discuss productive, unproductive, and destructive entrepreneurship in terms of social value creation. To illustrate these issues comparative case studies are presented on Microsoft Corporation and Grameen Bank. Even if their successes have been derived from different motivations, these highly innovative ventures have created significant economic and social value. Copyright Springer Science+Business Media, LLC. 2013

Suggested Citation

  • Zoltan Acs & Mary Boardman & Connie McNeely, 2013. "The social value of productive entrepreneurship," Small Business Economics, Springer, vol. 40(3), pages 785-796, April.
  • Handle: RePEc:kap:sbusec:v:40:y:2013:i:3:p:785-796
    DOI: 10.1007/s11187-011-9396-6
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    References listed on IDEAS

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    1. Sameeksha Desai & Zoltan J. Acs & Utz Weitzel, 2013. "A Model of Destructive Entrepreneurship," Journal of Conflict Resolution, Peace Science Society (International), vol. 57(1), pages 20-40, February.
    2. 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.
    3. Murphy, Kevin M & Shleifer, Andrei & Vishny, Robert W, 1993. "Why Is Rent-Seeking So Costly to Growth?," American Economic Review, American Economic Association, vol. 83(2), pages 409-414, May.
    4. Acs, Zoltan J & Phillips, Ronnie J, 2002. "Entrepreneurship and Philanthropy in American Capitalism," Small Business Economics, Springer, vol. 19(3), pages 189-204, November.
    5. Baumol, William J., 1996. "Entrepreneurship: Productive, unproductive, and destructive," Journal of Business Venturing, Elsevier, vol. 11(1), pages 3-22, January.
    6. Sameeksha Desai & Zoltan J. Acs, 2007. "A Theory of Destructive Entrepreneurship," Jena Economic Research Papers 2007-085, Friedrich-Schiller-University Jena.
    7. Seelos, Christian & Mair, Johanna, 2005. "Social entrepreneurship: Creating new business models to serve the poor," Business Horizons, Elsevier, vol. 48(3), pages 241-246.
    8. Utz Weitzel & Diemo Urbig & Sameeksha Desai & Mark Sanders & Zoltán J. Ács, 2015. "The good, the bad, and the talented: Entrepreneurial talent and selfish behavior," Chapters,in: Global Entrepreneurship, Institutions and Incentives, chapter 2, pages 24-41 Edward Elgar Publishing.
    9. Kevin M. Murphy & Andrei Shleifer & Robert W. Vishny, 1991. "The Allocation of Talent: Implications for Growth," The Quarterly Journal of Economics, Oxford University Press, vol. 106(2), pages 503-530.
    10. Peredo, Ana María & McLean, Murdith, 2006. "Social entrepreneurship: A critical review of the concept," Journal of World Business, Elsevier, vol. 41(1), pages 56-65, February.
    11. William Drayton, 2006. "Everyone a Changemaker: Social Entrepreneurship's Ultimate Goal," Innovations: Technology, Governance, Globalization, MIT Press, vol. 1(1), pages 80-96, March.
    12. Zoltan J. Acs & Sameeksha Desai, 2007. "Democratic Capitalism and Philanthropy in a Global Economy," Jena Economic Research Papers 2007-056, Friedrich-Schiller-University Jena.
    13. Mair, Johanna & Martí, Ignasi, 2006. "Social entrepreneurship research: A source of explanation, prediction, and delight," Journal of World Business, Elsevier, vol. 41(1), pages 36-44, February.
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    Citations

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    Cited by:

    1. Helen M. Haugh & Alka Talwar, 2016. "Linking Social Entrepreneurship and Social Change: The Mediating Role of Empowerment," Journal of Business Ethics, Springer, vol. 133(4), pages 643-658, February.
    2. Sinkovics, Noemi & Sinkovics, Rudolf R. & Yamin, Mo, 2014. "The role of social value creation in business model formulation at the bottom of the pyramid – Implications for MNEs?," International Business Review, Elsevier, vol. 23(4), pages 692-707.
    3. repec:kap:sbusec:v:53:y:2019:i:1:d:10.1007_s11187-018-0038-0 is not listed on IDEAS
    4. repec:eee:ejores:v:272:y:2019:i:2:p:712-724 is not listed on IDEAS
    5. Calza, Elisa & Goedhuys, Micheline, 2016. "Entrepreneurial heterogeneity and the design of entrepreneurship policies for economic growth and inclusive development," MERIT Working Papers 043, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    6. repec:eee:tefoso:v:123:y:2017:i:c:p:271-282 is not listed on IDEAS
    7. David Urbano & Sebastian Aparicio & Victor Querol, 2016. "Social progress orientation and innovative entrepreneurship: an international analysis," Journal of Evolutionary Economics, Springer, vol. 26(5), pages 1033-1066, December.
    8. Sophie Bacq & Chantal Hartog & Brigitte Hoogendoorn, 2016. "Beyond the Moral Portrayal of Social Entrepreneurs: An Empirical Approach to Who They Are and What Drives Them," Journal of Business Ethics, Springer, vol. 133(4), pages 703-718, February.

    More about this item

    Keywords

    Social value creation; Social entrepreneurship; Philanthropy; Charity; D64; L26; M14; P12;

    JEL classification:

    • D64 - Microeconomics - - Welfare Economics - - - Altruism; Philanthropy; Intergenerational Transfers
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • P12 - Economic Systems - - Capitalist Systems - - - Capitalist Enterprises

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