| Title | Developing Innovative Business Models in Social Ventures |
|---|---|
| ID_Doc | 34367 |
| Authors | Jokela, P; Elo, M |
| Title | Developing Innovative Business Models in Social Ventures |
| Year | 2015 |
| Published | Journal Of Entrepreneurship Management And Innovation, 11, 1 |
| Abstract | Social ventures represent a new type of organization that aim to create sustainable social value, such as promoting the well-being of communities and their existence is based on developing solutions to tackle complex social problems. Developing a suitable business model for a social venture is crucial because the right model with a sustainable value offering in its core can support the venture and direct it toward self-sustainability and competitiveness. Research on social venture business models has been so far limited and particularly innovation in business models needs more inquiry. Through an in-depth case study, we aim to extend the understanding how business models of social ventures can meet these goals and how the business model elements interact with each other. The study findings indicate that opportunity recognition which is followed by innovative resource mobilization and integration can turn into a well-functioning business-model that serves the desired ends, creating social value and help to achieve self-sustainability. Furthermore, establishing the right interconnections between the business model elements was found to support the development of an efficient social venture business model. |
Similar Articles
| ID | Score | Article |
|---|---|---|
73159
|
Roy, K; Karna, A Doing social good on a sustainable basis: competitive advantage of social businesses(2015)Management Decision, 53, 6 | |
| 71195
|
Trujillo-Suárez, MJ; Bastidas-Perez, A Conceptual guidelines for social entrepreneur's business model conception workshop-tool design(2018)Revista Gestion De Las Personas Y Tecnologia, 12.0, 34 | |
| 78368
|
Nair, PB Embracing Hybridity: A Business Model Innovation For Sustainable Social Enterprises(2022)International Journal Of Business And Society, 23, 3 | |
| 70462
|
Mair, J; Schoen, O Successful social entrepreneurial business models in the context of developing economies An explorative study(2007)International Journal Of Emerging Markets, 2, 1 | |
| 73558
|
Kim, J; Lee, J; Lee, TJ The Sustainable Success and Growth of Social Ventures: Their Internal and External Factors(2021)Sustainability, 13, 9 | |
| 78344
|
Armstrong, RM; Grobbelaar, SSS Sustainable business models for social enterprises in developing countries: a conceptual framework(2023)Management Review Quarterly, 73, 2 | |
| 78401
|
Daniele, R; Quezada, I Business Models for Social Entrepreneurship in Tourism(2017) | |
| 65863
|
Carayannis, EG; Grigoroudis, E; Stamati, D; Valvi, T Social Business Model Innovation: A Quadruple/Quintuple Helix-Based Social Innovation Ecosystem(2021)Ieee Transactions On Engineering Management, 68.0, 1 | |
| 34827
|
Villasana, M; Cabrera-Lazarini, JJ; Núñez, MJ Scaling Social Value: A Case Study on Social Entrepreneurship in Healthcare Delivery(2021) | |
| 34716
|
Petrini, M; Scherer, P; Back, L Business model with a social impact(2016)Rae-Revista De Administracao De Empresas, 56, 2 |