Business Models and Social Entrepreneurship

SOCIALLY RESPONSIBLE FINANCE AND INVESTING, Forthcoming

Fordham University Schools of Business Research Paper No. 2012-001

24 Pages Posted: 13 Oct 2011 Last revised: 2 Nov 2013

See all articles by Michael Pirson

Michael Pirson

Fordham University - Gabelli School of Business; Humanistic Management Network; Harvard University

Date Written: October 11, 2011

Abstract

The financial crisis of 2007/08 has caused many to question the basic premises of the current business system and the financial service industry in particular. In a recent article, Michael Porter and Mark Kramer suggest that corporations should aim to regain legitimacy by pursuing shared value rather than mere financial value. Specifically, they suggest that managers look at the field of social entrepreneurship to learn how such shared value can be created. In this article I present the concept of social entrepreneurship and introduce two areas in which social entrepreneurs have created novel business models: micro-finance and social impact investing. I analyze what lessons can be learned for shared value creation for the financial industry as a whole and those interested in socially responsible finance. I conclude with the presentation of caveats.

Keywords: Social Entrepreneurship, Shared Value Creation, Business Models, Responsible Finance

Suggested Citation

Pirson, Michael, Business Models and Social Entrepreneurship (October 11, 2011). SOCIALLY RESPONSIBLE FINANCE AND INVESTING, Forthcoming, Fordham University Schools of Business Research Paper No. 2012-001, Available at SSRN: https://ssrn.com/abstract=1942538

Michael Pirson (Contact Author)

Fordham University - Gabelli School of Business ( email )

140 West 62nd Street
New York, NY 10018
United States

Humanistic Management Network ( email )

St. Gallen
Switzerland

Harvard University

1875 Cambridge Street
Cambridge, MA 02138
United States

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