The Impact of the Triple Bottom Line on Social Entrepreneurship

22 Pages Posted: 19 Oct 2015

See all articles by Wendy Gillis

Wendy Gillis

Jacksonville State University - Davis College of Business

Matrecia James

Jacksonville State University - Davis College of Business

Date Written: September 10, 2015

Abstract

The purpose of this paper is to review and discuss the impact of the triple bottom line on social entrepreneurship where the triple bottom line is defined as profit, planet and people and social entrepreneurship is defined as entrepreneurial activity embedded with a social purpose such as global warning, poverty, economic inequality, famine, pandemics, terrorism, etc. Specifically, the paper examines the triple bottom line where profit is represented by economic value, planet by sustainability, and people by ethical leadership. The paper also explores social entrepreneurship as a new area of business that takes the problem solving skills of commercial entrepreneurship and combines it with the social concerns of charities and non-profits. The paper concludes that in order for social entrepreneurship to be successful, a paradigm shift of new metrics (beyond the traditional single bottom line metric of profitability) is required.

Keywords: Social Entrepreneurship, Triple Bottom Line, Value Creation, Value Capture

Suggested Citation

Gillis, Wendy and James, Matrecia, The Impact of the Triple Bottom Line on Social Entrepreneurship (September 10, 2015). 5th International Conference on Engaged Management Scholarship: Baltimore, Maryland, September 10-13, 2015, Available at SSRN: https://ssrn.com/abstract=2676325 or http://dx.doi.org/10.2139/ssrn.2676325

Wendy Gillis (Contact Author)

Jacksonville State University - Davis College of Business ( email )

Jacksonville, FL 32211
United States

Matrecia James

Jacksonville State University - Davis College of Business ( email )

11901 Beach Blvd.
Jacksonville, FL 32246
United States

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