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Social Value Creation and Impact Measurement - What Do They Mean Exactly?

Author

Listed:
  • Roland Z. Szabó

    (Corvinus University of Budapest)

  • Noémi Krátki

    (Corvinus University of Budapest)

Abstract

There is a strong need for social value creation in our life. More and more people have to face mental illness caused by our stressful life. Social entrepreneurship and social enterprises are approaches to deal with these challenges. They are managed with a business mind-set coupled with social sensitivity. The paper examines how social value creation is interpreted and how social impact is measured and reported by social entrepreneurs using multiple cases from the business and the public sphere. It was found that a comprehensive social value creation model could help social enterprises to manage these challenges and have a greater impact.

Suggested Citation

  • Roland Z. Szabó & Noémi Krátki, 2018. "Social Value Creation and Impact Measurement - What Do They Mean Exactly?," Theory Methodology Practice (TMP), Faculty of Economics, University of Miskolc, vol. 14(01), pages 15-25.
    • Handle: RePEc:mic:tmpjrn:v:14:y:2018:i:01:p:15-25
    as

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    File URL: http://tmp.gtk.uni-miskolc.hu/volumes/2018/01/TMP_2018_01_02.pdf
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    References listed on IDEAS

    as
    1. Mariann Veresné Somosi & József Benedek & György Kocziszky & Károly Balaton, 2016. "Generating and Measuring Regional Social Innovation," Theory Methodology Practice (TMP), Faculty of Economics, University of Miskolc, vol. 12(si), pages 14-25.
    2. James Austin & Howard Stevenson & Jane Wei–Skillern, 2006. "Social and Commercial Entrepreneurship: Same, Different, or Both?," Entrepreneurship Theory and Practice, , vol. 30(1), pages 1-22, January.
    3. Mariann Veresné Somosi & József Benedek & György Kocziszky & Károly Balaton, 2016. "Generating and Measuring Regional Social Innovation," Theory Methodology Practice (TMP), Faculty of Economics, University of Miskolc, vol. 12(02), pages 14-25.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    social enterprise; labour market; non-profit; entrepreneurship; poverty;
    All these keywords.

    JEL classification:

    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility

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