Social entrepreneurship is one of the most controversial actualities of the modern economy. On the one hand, social entrepreneurship makes up for "market failures" and prevents the deficit of socially essential goods and services in the marketplace, acting as their supplier. On the other hand, the survival of social entrepreneurship in an aggressive market environment is a challenging task, the fulfilment of which may distort the original essence of social entrepreneurship. Comprising a collection of research presented at the International Scientific Conference Advanced Issues on Social Entrepreneurship, this contributed volume offers a global economic analysis of social entrepreneurship. Whilst social entrepreneurship is indispensable to the modern economy, the current controversial model of its organization means it cannot fully accomplish its mission. This book offers potential solutions to this problem with the global and national strategies of economic growth and social progress. It includes a focus on emerging markets, in which the role of social entrepreneurship is especially high. This book is aimed at scholars and students who are interested in social entrepreneurship and corporate economics, and practitioners involved in this field. It will also be of interest to policy makers in the development and implementation of a national economic policy for support for social entrepreneurship in emerging markets.

Microlending programs for low-income microentrepreneurs have become a global priority since the development of the Grameen Bank in 1976 and the Sustainable Development Goals of the United Nations in 2015. Inspired to create their own microlending program, the deans of the schools of social welfare and business at the University at Albany were aided by the university's Small Business Development Center and the State Employees Federal Credit Union. This led to the creation of the Small Enterprise Economic Development (SEED) program. Following this, new faculty were hired in the School of Social Welfare and the School of Business to address social entrepreneurship and lead these initiatives. The impetus for this book emerged from these developments including three forums in which national and international contributors participated in workshops, panels, and chapters for this book. These forums were co-organized by the School of Social Welfare, the School of Business, and a new Center for the Advancement & Understanding of Social Enterprises (CAUSE) at UAlbany. Building on the example set by UAlbany, Social Entrepreneurship and Enterprises in Economic and Social Development explains how and why we should integrate social entrepreneurship and social enterprises with economic and social development. While this global movement varies in pace and scope, the volume features snapshots from countries and regions representing nearly all continents, including Albania, Argentina, Cuba, India, Kenya, Kyrgyzstan, Russian Federation, Taiwan, Tajikistan, and Tanzania. One of the lessons is that social policies are critical for supporting social entrepreneurs since environmental, economic, and social sustainability are core goals of these initiatives. The chapters in this volume offer different contextual frames ranging from social enterprise business plans and measured entrepreneurial orientation to displacement dynamics (and how to avoid them) and the pitfalls of non-market economies. The contributing authors examine a variety of ventures and social policies to showcase how nations are supporting social enterprises as they attempt to meet human needs and achieve financial sustainability. The resulting volume provides a rationale for, and snapshots of, social enterprises and entrepreneurship in transitioning nations.

The rise of hybrid ventures is proof that another way of doing business is possible. Many developments in the last 15 years highlight the significance of social entrepreneurship: the 2006 Nobel Peace Prize to Grameen Bank, the efforts of scholars in studying social ventures, and the new academic programs at Ivy League universities, as well as the creation of indices such as the United Nations Human Development Index to measure non-economic issues. This book portrays these as strong indicators to support the development and sustenance of a market-based economy that also imbibes social progress and human values. This book emphasizes that awareness of the conditions under which social start-ups emerge is crucial. The authors provide a thorough and empirical analysis of the emergence of social entrepreneurship using the Global Entrepreneurship Monitor (GEM) data as well as case studies from practice. From the perspective of individuals, they examine the most important characteristics of social entrepreneurs, and from a macro perspective, social ventures are studied as agents of change. A handpicked collection of successful cases of social ventures also provides the reader with an awareness of the best practices.

"The book helps readers understand the role of social entrepreneurship in creating social value and highlights the importance of social entrepreneurs in emerging economies through investigation of topics such as social value, social impact, social entrepreneurship ecosystem, triggers and challenges of social entrepreneurship, social entrepreneurship in emerging economies"--

This contributed volume features state-of-the-art research from ten different countries on implementation, institutionalization and the future prospects of social entrepreneurship. This volume aims at bringing together research that considers the context of economy, politics and cultural issues combining with the needs of social and human development. By conceptualizing the notion of social entrepreneurship and societal entrepreneurship, this volume aims to disseminate the numerous streams of research and theory of social entrepreneurship to educators, libraries, scholars, non-profit researchers, public policy makers, practitioners, undergraduate and graduate students, and any organization or person interested in staying abreast of advances in this area. It is also an important reference book for teachers, students and faculty interested in conducting research or teaching social entrepreneurship. ​

This book discusses different innovative business models adopted by social enterprises to bring about social change in terms of creating capabilities among the marginalised section of people. These models also bring the sustainability of the enterprises to serve the people continuously. Establishing a theoretical base for further research in the area of business models in social entrepreneurship, the book consists of research work from various disciplines from scholars with experience and insights on social entrepreneurship, and who discuss one or more aspect(s) of business model, presenting their work with sound research methodologies. The book takes a broader view of the concept – a) social entrepreneurs are driven by social value and justice, b) social entrepreneur may or may not have a market orientation, c) social entrepreneurs solve variety of social problems such as poverty, health, illiteracy, environmental degradation using the principles of business and with the help of social innovation, and d) social enterprise focus on bringing social change by creating social impact. Chapters of this book are divided into three core themes. The first one – Concepts, Patterns and Values – includes contributions related to sustainable development, business model and vale creation in the context of social entrepreneurship, innovation and cross-cultural influence on business models aspects. The chapter of second theme – Enablers and Influencers – discuss role of corporate in promoting social entrepreneurship as a social responsibility, social entrepreneurship and value creation, BoP market, supply chain, structural and infrastructural choices, family as a stakeholder of indigenous enterprise, and women entrepreneurship. The third and final theme – Innovation – addresses social, open innovation and business model innovations, IPR, firm performance, collaboration and alliance, software and biotechnology industries, decision logic behind social enterprise creation, and strategy and strategic philanthropy concepts. Containing contributions from academia, industry professionals, investors, policy-makers, and other professionals, all from multiple disciplines, the book would interest the same vast audience.

This book provides what it promises to the reader, i.e. A financial guide for social entrepreneurs. It departs from the challenges that social entrepreneurs face to fund their ventures. We discuss three main challenges in this context: 1. Access to funding; 2. Complexity of business models; 3. Predominant focus on social impact. This book offers an overview of the different funding possibilities while presenting the main funding actors in Belgium as an illustration. Yet, we think that more is needed to survive the financial wilderness of social entrepreneurship. Therefore, we advise attention to a solid business model, supportive ecosystem, impact measurement and effective communication. The illustrative case studies and the presentation of ecosystem actors that can provide support to social entrepreneurs make this book a quite practical guide. All cases and ecosystem actors presented here come from the Belgian context, which is what we know best. We are confident that this Belgian view can inspire the international community as well. This book could be useful to social entrepreneurs, impact investors, universities, vocational training centers, corporates supporting social entrepreneurs, social impact incubators and accelerators, policymakers or everyone who wants to help a social enterprise in their journey. And please enjoy reading, our societies need more social entrepreneurship! ABOUT THE AUTORS Nikolay Detchev. Associate Professor of Entrepreneurship and Corporate Social Responsibility at VUB, Belgium. He holds the Solvay Business School Chair of Social Entrepreneurship at VUB, with founding partners Close the Gap, BNP Paribas Fortis and Euroclear. Nikolay is a member of the Investment Committee of Trividend, an executive board member of the International Association for Business and Society and the International New Business Model Conference Series, and board of directors member at VUB related incubator ICAB nv. Philippe Eiselein a PhD Candidate and Research Assistant at the Department of Business at the Vrije Universiteit Brussel (VUB). He is preparing his doctoral dissertation on the Business Models and Scalability of Social Entrepreneurship. His ongoing research has been presented over several international conferences. He has been actively supporting the VUB Chair of Social Entrepreneurship since its inception, contributing to several international projects and events, while coaching (social) entrepreneurs coaches and acting as the Chair’s webmaster. Kris Vander Velpen holds an MBA from Cornell University and a Business Engineer degree in Computer Data Processing as well as a Bachelor in Thomistic Philosophy from the KU Leuven. Kris is now an independent consultant, building and implementing tailor-made top-line growth practices within major profit and non-profit organisations. Furthermore, he is Professor “Entrepreneurship and Innovation” at Flanders Business School and a Visiting Professor at KU Leuven. Maxime Bouckaert studied business and applied economics at the Vrije Universiteit Brussel (VUB). Shortly afterwards, he launched a company called ‘Koalect’. This company helps organizations create more impact through fundraising, crowdfunding and crowdsourcing. He has a team of fourteen people that currently support over 120 organizations to engage with their community in a better way. Abel Diaz Gonzales a PhD Candidate and Research Assistant at the Department of Business at the Vrije Universiteit Brussel (VUB). For his doctoral dissertation, Abel has conducted field research in Bolivia, Ecuador, Colombia, and Belgium. His research has been presented at different international conferences (among which are the Academy of Management, IABS, EMES and New Business Models). Abel has acted as a reviewer at various conferences and for journals, and as co-organizer of numerous events.