After reframing the content of contemporary understanding of Social Business (SB) and the process of new SB creation, we link them with Venture Philanthropy (VP): a high-risk financial capital provision, combined with technical and managerial expertise transfer, which offer the potential for financial returns, as well as contributing to fostering social change through entrepreneurship. The paper delves into this industry, revealing its characteristics, models, processes and mechanisms. It relies on the assumption that SBs differ in the ways they pursue social innovation and social change. We suggest that the basic ingredients across which SBs vary can be grouped into two main groups: the ‘organisational set’ – composed of three dimensions: a cause-driven vision, a scalable innovation and economic robustness; and the ‘environmental set’ – concerned with those features that affect an SB’s success but that are hardly controllable by organisations directly. VP is included in this set in that it affects SBs’ growth capacity.

Fostering social business through venture philanthropy: the role of financing in the process of new social business creation / P. Francesco, C. Vurro. - In: THE JOURNAL OF SOCIAL BUSINESS. - ISSN 2045-1083. - 1(2011), pp. 1.126-1.154.

Fostering social business through venture philanthropy: the role of financing in the process of new social business creation

C. Vurro
2011

Abstract

After reframing the content of contemporary understanding of Social Business (SB) and the process of new SB creation, we link them with Venture Philanthropy (VP): a high-risk financial capital provision, combined with technical and managerial expertise transfer, which offer the potential for financial returns, as well as contributing to fostering social change through entrepreneurship. The paper delves into this industry, revealing its characteristics, models, processes and mechanisms. It relies on the assumption that SBs differ in the ways they pursue social innovation and social change. We suggest that the basic ingredients across which SBs vary can be grouped into two main groups: the ‘organisational set’ – composed of three dimensions: a cause-driven vision, a scalable innovation and economic robustness; and the ‘environmental set’ – concerned with those features that affect an SB’s success but that are hardly controllable by organisations directly. VP is included in this set in that it affects SBs’ growth capacity.
No
English
social business; cause-driven; social innovation; venture philanthropy; entrepreneurship
Settore SECS-P/08 - Economia e Gestione delle Imprese
Articolo
Esperti anonimi
Ricerca di base
Pubblicazione scientifica
2011
1
1
126
154
29
Pubblicato
Periodico con rilevanza internazionale
Aderisco
info:eu-repo/semantics/article
Fostering social business through venture philanthropy: the role of financing in the process of new social business creation / P. Francesco, C. Vurro. - In: THE JOURNAL OF SOCIAL BUSINESS. - ISSN 2045-1083. - 1(2011), pp. 1.126-1.154.
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Prodotti della ricerca::01 - Articolo su periodico
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262
Article (author)
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P. Francesco, C. Vurro
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/2434/540013
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