For-Benefit Company (fBComp): An innovative social-business model. The Italian case

Czinkota, Michael R.; Kaufmann, Hans Rüdiger; Basile, Gianpaolo; Ferri, Maria Antonella

doi:10.1016/j.jbusres.2018.12.022

Cited by 26 publications

(27 citation statements)

References 76 publications

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“…A review of the literature on BMI shows that researchers have focused primarily on the context of financial goals-i.e., how BMI can enable companies to create and capture economic value , Czinkota et al, 2018). Yet, a recent shift has taken place whereby a new pattern that addresses environmental and social issues (in addition to economic ones) has emerged as a potential avenue for the transformation of existing BMs , Geissdoerfer et al, 2018, Goworek et al, 2018, Spieth et al, 2018.…”

Section: Business Model Innovation (Bmi) For Social Purposesmentioning

confidence: 99%

“…Yet, in both cases, the new BM should preserve the economic viability of the organisation (Geissdoerfer et al, 2018). Interestingly, the latter scenario (i.e., sustainable BMI addressing social problems) has bred new archetypes of organizations that pursue the creation of social impact while remaining economically viable (Czinkota et al, 2018, Evans et al, 2017. Arguably, SPOs have emerged in response to the failure of the three sectors (i.e., private, public, and non-profit) to offer sustainable solutions to society's chronic problems (Austin et al, 2006, Dacin et al, 2011.…”

Section: Business Model Innovation (Bmi) For Social Purposesmentioning

confidence: 99%

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Business model innovation by international social purpose organizations: The role of dynamic capabilities

Silva

Al‐Tabbaa

Khan

2021

Journal of Business Research

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This paper examines the role played by dynamic capabilities and business model innovation in international social purpose organizations (ISPOs) 1 operating across developing and developed countries. Utilizing a qualitative multiple case study methodology, we identify a set of dynamic capabilities deployed and leveraged by these organizations for business model innovation in order to achieve their dual mission of social and economic value creation. The findings highlight unique micro-foundational capabilities of the founders that are vitally important to perceive social challenges as opportunities for ISPOs to sense socially and economically intertwined prospects. We discuss the specific organizational-level capabilities-at both the production and selling sites-that are developed and utilized by ISPOs to seize opportunities by combining competing social and economic logics. In relation to transformation, ISPOs develop ecosystem-wide production-and market-related capabilities-in both developing and developed countries-that enable them to scale-up their dual mission business model through co-creation.

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Section: Business Model Innovation (Bmi) For Social Purposesmentioning

confidence: 99%

Section: Business Model Innovation (Bmi) For Social Purposesmentioning

confidence: 99%

Business model innovation by international social purpose organizations: The role of dynamic capabilities

Silva

Al‐Tabbaa

Khan

2021

Journal of Business Research

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“…Third, an understanding of how CSR influences BM innovation is lacking because the examination of the process mechanism underlying the link between CSR and BM innovation has been neglected. The existing literature has mainly discussed the direct influence of CSR on BM innovation [28,32], resulting in managers' limited understanding of how to innovate their BMs based on CSR. Therefore, the existing literature is unable to provide an answer to the question of how firms incorporate CSR into their BMs.…”

Section: Introductionmentioning

confidence: 99%

How Corporate Social Responsibility Influences Business Model Innovation: The Mediating Role of Organizational Legitimacy

Zhang

Yan

2020

Sustainability

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Business model (BM) innovation driven by corporate social responsibility (CSR) has attracted considerable attention from scholars. However, the understanding of whether and how CSR influences BM innovation is limited. Therefore, this paper aimed to fill these gaps by exploring the influence of CSR on BM innovation through the mediating role of organizational legitimacy (OL). This paper proposed research hypotheses on the relationships among CSR, OL, and BM innovation and empirically tested these hypotheses by using the hierarchical regression analysis method with data collected from 186 firms. The results of this study show that both CSR and OL positively influence BM innovation. The results also show that CSR positively influences OL and OL mediates the relationship between CSR and BM innovation. This paper provides new insights into the relationship between CSR and BM innovation by answering questions of whether and how CSR influences BM innovation. This paper may help managers better understand how to link CSR and BM innovation.

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“…The effect is evident today in new legal forms that institutionalise commitments to market‐action with a social purpose and trading firms that use market‐action to generate and reinvest philanthropic capital (Yunus, 2007). In addition to foundations directly owning a large number of SE subsidiaries (e.g., BRAC in Bangladesh), a plethora of legal forms have been created to support this approach: Low‐Profit (L3C) and Public Benefit Corporations in the US (PBCs); Community Interest Companies (CICs) and Charitable Incorporated Organisations (CIOs) in the United Kingdom; Certified Non‐Profits and Social Welfare Corporations in Japan; For‐Benefit Companies in Italy; the spread of social‐purpose company laws across EU nation states (Bull, 2018; Czinkota, Kaufmann, Basile, & Ferri, 2018; Defourny & Nyssens, 2015; Galera & Borzaga, 2009; Ridley‐Duff & Bull, 2019a).…”

Section: The Sse: the Rise Of Internet Platforms In A Digital Economymentioning

confidence: 99%

Common pool resource institutions: The rise of internet platforms in the social solidarity economy

Ridley-Duff

Bull

2021

Bus Strat Env

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The research problem Theories of organising are dominated by a neoliberal agenda. This authority has been disrupted by social and sustainable entrepreneurship research that highlights alternatives to this hegemony. The motivation for this paper is to argue that the emergence of internet platforms contributes to new ways of working in the social solidarity economy (SSE). We focus our exploration on organisational practices and characteristics, evaluating platforms as contributions to commoning. Method Our approach offers a way out of the public–private dichotomy. We build theory by positioning the SSE as a series of approaches that hybridise redistribution, reciprocity and market: three distinct strategies of social organisations for achieving their primary purposes. Utilising Elinor Oström's theory of common pool resource institutions (CPRIs) and her design principles, we appraise three internet platforms (Kiva, Loomio and Kickstarter). We triangulate organisational, academic and media narratives to assess the embeddedness of their commoning practices and potential as social innovations for a postcapitalist economy. Contribution to knowledge Social enterprises (SEs) can develop internet platforms that use CBPP to build and support the SSE. This is the first paper to deploy Oström's work to study how SEs use CBPP, thereby developing the theoretical connections between these two fields. Our findings are part of a discourse that challenges neoliberalism and identifies how the SSE contributes to sustainable development.

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For-Benefit Company (fBComp): An innovative social-business model. The Italian case

Cited by 26 publications

References 76 publications

Business model innovation by international social purpose organizations: The role of dynamic capabilities

Business model innovation by international social purpose organizations: The role of dynamic capabilities

How Corporate Social Responsibility Influences Business Model Innovation: The Mediating Role of Organizational Legitimacy

Common pool resource institutions: The rise of internet platforms in the social solidarity economy

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