Understanding the Social Role of Entrepreneurship

20 Pages Posted: 28 Apr 2016

See all articles by Shaker A. Zahra

Shaker A. Zahra

University of Minnesota - Twin Cities - Carlson School of Management

Mike Wright

Imperial College London

Date Written: June 2016

Abstract

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.

Keywords: blended value, hybrid organizations, social entrepreneurship, sustainability

Suggested Citation

Zahra, Shaker A. and Wright, Mike, Understanding the Social Role of Entrepreneurship (June 2016). Journal of Management Studies, Vol. 53, Issue 4, pp. 610-629, 2016. Available at SSRN: https://ssrn.com/abstract=2771450 or http://dx.doi.org/10.1111/joms.12149

Shaker A. Zahra (Contact Author)

University of Minnesota - Twin Cities - Carlson School of Management ( email )

19th Avenue South
Minneapolis, MN 55455
United States

Mike Wright

Imperial College London ( email )

South Kensington Campus
Exhibition Road
London, Greater London SW7 2AZ
United Kingdom

Register to save articles to
your library

Register

Paper statistics

Downloads
0
Abstract Views
569
PlumX Metrics