Understanding the Social Role of Entrepreneurship

There is a need to rethink and redefine the social value added of entrepreneurial activities to society. In this paper we develop five pillars on which the evolving social role of entrepreneurship can rest and have its impact: (1) connecting entrepreneurial activities to other societal efforts aimed...

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Veröffentlicht in:Journal of management studies 2016-06, Vol.53 (4), p.610-629
Hauptverfasser: Zahra, Shaker A., Wright, Mike
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Wright, Mike
description There is a need to rethink and redefine the social value added of entrepreneurial activities to society. In this paper we develop five pillars on which the evolving social role of entrepreneurship can rest and have its impact: (1) connecting entrepreneurial activities to other societal efforts aimed at improving the quality of life, achieving progress, and enriching human existence, (2) identifying ways to reduce the dysfunctional effects of entrepreneurial activities on stakeholders, (3) redefining the scope of entrepreneurial activities as a scholarly arena, (4) recognizing entrepreneurship's social multiplier, and (5) pursuing blended value at the organizational level, centring on balancing the creation of financial, social and environmental wealth. In a final section we discuss implications for practices and for further research.
doi_str_mv 10.1111/joms.12149
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source Wiley Online Library Journals Frontfile Complete
subjects blended value
Entrepreneurs
Entrepreneurship
hybrid organizations
Quality of life
Social entrepreneurship
Studies
sustainability
Value added
title Understanding the Social Role of Entrepreneurship
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