Understanding the Social Role of Entrepreneurship

Journal of Management Studies - Tập 53 Số 4 - Trang 610-629 - 2016
Shaker A. Zahra1, Mike Wright2
1University of Minnesota
2Imperial College Business School and University of Ghent

Tóm tắt

AbstractThere 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.

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