Developing Innovative Business Models in Social Ventures
Journal Title: Journal of Entrepreneurship, Management and Innovation - Year 2015, Vol 11, Issue 1
Abstract
Social ventures represent a new type of organizatin that aim to create sustainable social value, such as promotig the well-being of communitis and their existence is based on developing solutins to tackle complex social problems. Developing a suitable business model for a social venture is crucial because the right model with a sustainable value offring in its core can support the venture and direct it toward self-sustainability and competiieness. Research on social venture business models has been so far limited and partiularly innovatin 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 fidings indicate that opportunity recognitin which is followed by innovatie resource mobilizatin and integratin can turn into a well-functining business-model that serves the desired ends, creatig social value and help to achieve self-sustainability. Furthermore, establishing the right interconnectins between the business model elements was found to support the development of an effient social venture business model.
Authors and Affiliations
Päivi Jokela, Maria Elo
Keywords
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- EP ID EP237606
- DOI 10.7341/20151116
- Views 153
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