Enacting entrepreneurship as social value creation

By S. Korsgaard, Alistair R. Anderson. 2011

258 citations recorded by the source corpus.

The social plays an important role in entrepreneurship, but one that is not well understood. We argue that the social conditions of entrepreneurs, as well as the social nature of opportunities, affect the entrepreneurial process. Hence it is conceptually useful to understand enterprise as socially situated. Accordingly, this article examines the enactment of a socialized opportunity to explore the process of entrepreneurial growth. We find that a conceptualization of social value creation usefully develops our understanding and challenges the view that economic growth is the only relevant outcome of entrepreneurship. Our case study shows how social value is created in multiple forms at different centres and on different levels: from individual self-realization over community development to broad societal impact. We also find complex interrelations between the different levels and centres, thus, we argue that entrepreneurship is as much a social as an economic phenomenon.

Subfields: Business and International Management, Management of Technology and Innovation, Organizational Behavior and Human Resource Management

View Paper: https://www.semanticscholar.org/paper/481eeed5f94f9eed70c411a56d78adc02d26b9ee

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In Business and International Management

In Management of Technology and Innovation

In Organizational Behavior and Human Resource Management

Citations in the corpus

A progress review of entrepreneurship and regional development: What are the remaining gaps? (2016, background): “Social value creation still seems to be reserved for social enterprises despite increasing indications that commercial entrepreneurship can also contribute socially to its environment (Korsgaard & Anderson, 2011; Warren-Smith, 2012).”
Beyond green niches? Growth strategies of environmentally-motivated social enterprises (2014, background): “However, there is a need to go beyond such theoretical polarisations to develop a more evidence-based understanding of the range of contributions and motivations involved, and how these may offer varying combinations of economic, environmental and social value (Korsgaard and Anderson, 2011).”
Rural entrepreneurship or entrepreneurship in the rural – between place and space (2015, background): “Similarly, for example hiking trails, mountain climbs, historical sites and other spots locally known and appreciated needs to be marked and translated in order to be communicable and mobile outside the immediate local place (Korsgaard and Anderson, 2011).”
Romancing the rural: Reconceptualizing rural entrepreneurship as engagement with context(s) (2018, background): “The values may be rural in character, but need not be (Korsgaard and Anderson, 2011); it may be sufficient to enact them within the rural.”
The impact of government financial support on the performance of new firms: the role of competitive advantage as an intermediate outcome (2014, background): “There are many other important performance dimensions, such as social, personal or environmental (Clarke, Holt, and Blundel 2014; Korsgaard and Anderson 2011) that should be accounted for in future research.”