Social Entrepreneurs as the Paragons of Shared Value Creation? A Critical Perspective
Fordham University - Graduate School of Business Administration; Harvard University; Humanistic Management Network
February 2, 2011
Fordham University Schools of Business Research Paper No. 2011-001
The financial crisis of 2007/08 has caused many to question the basic premises of the current business system (Kaletsky, 2010). Porter and Kramer (2011) suggest that the purpose of the corporation needs to be redefined. They posit that the corporation, rather than merely pursuing financial value creation set out to pursue shared value creation. They further declare Social Entrepreneurs the paragons of said shared value creation. In this paper I critically analyze the pathway of shared value creation in three leading social enterprises. Employing a genealogical perspective I highlight that very innovative shared value creating ventures ended up opting out of shared value creation strategies and embraced either financial or social value primacy strategies. As such I question the power of the shared value creation notion.
Number of Pages in PDF File: 31
Keywords: Social Entrepreneurship, Social Enterprise, Shared Value Creation, Social Value creation, Shareholder, Stakeholder
JEL Classification: A1, H00, I00, K00, M00, O00working papers series
Date posted: February 3, 2011 ; Last revised: March 10, 2011
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