Social Enterprises, Venture Philanthropy and the Alleviation of Income Inequality

Lorenzo, Francesco Di; Scarlata, Mariarosa

doi:10.1007/s10551-018-4049-1

Cited by 33 publications

(35 citation statements)

References 74 publications

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“…Their approach is deeply influenced by their business experience and domain (Gordon, ). This new movement is called “venture philanthropy,” but it is also referred to as impact investment (Di Lorenzo & Scarlata, ). According to the European Venture Philanthropy Association (EVPA), venture philanthropy is a high‐engagement and long‐term commitment to generate impact through tailored financing, organisational support, and impact measurement and management.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Their approach is deeply influenced by their business experience and domain (Gordon, 2014). This new movement is called "venture philanthropy," but it is also referred to as impact investment (Di Lorenzo & Scarlata, 2018).…”

Section: Literature Reviewmentioning

confidence: 99%

“…Because SEs aim is to realise social and/or environmental returns, thus reducing financial returns—Pareto assumption—they struggle to find financial resources (Scarlata, Gil, & Zacharakis, ). SEs have specific ways to access finance (Austin, Stevenson, & Wei‐Skillern, ): venture philanthropy (Di Lorenzo & Scarlata, ; Hehenberger, Harling, & Scholten, ; Scarlata & Alemany, ), social impact investing (Arena et al, ), impact networks (Meyskens, Robb‐Post, Stamp, Carsrud, & Reynolds, ), and social business incubators (Sonne, ).…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

What do venture philanthropy organisations seek in social enterprises?

2019

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Venture philanthropy organisations (VPOs) help social enterprises (SEs) to achieve social impact and economic sustainability. This paper aims at explaining why VPOs invest in SEs and how they select their investments. It is based on the case study of an international VPO: danone.communities. Our findings show that VPOs provide SEs with financial and nonfinancial support to tackle social challenges. In return, they acquire knowledge and improve their reputation. We discuss three main factors that VPOs seek when selecting their investments in SEs: the social value proposition of the SE, key resources and processes of both SE and VPO, and the synergies between them. Finally, we propose some criteria to assess such partnerships.

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Section: Literature Reviewmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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What do venture philanthropy organisations seek in social enterprises?

2019

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“…Yet, just like social enterprises, DSIs need to adopt an economic, utilitarian, orientation in that they are called to respond to the typical market mechanisms that allow innovations to survive. As such, DSIs undertake what has been defined as a dual organizational identity orientation (Brickson, 2005;Di Lorenzo & Scarlata, 2019;Moss, Short, Payne, & Lumpkin, 2011).…”

mentioning

confidence: 99%

“…This, in turn, may result in defying economic sustainability to fulfil the organizational social mission, and vice versa, leading to potential threats to growth (Kannothra, Manning, & Haigh, 2018), identity (Smith, Knapp, Barr, Stevens, & Cannatelli, 2010), social and economic performance (Battilana, Sengul, Pache, & Model, 2014;Stevens, Moray, & Bruneel, 2015), legitimacy (Battilana & Lee, 2014;Pache & Santos, 2012) and, ultimately, survival (Gras & Mendoza-Abarca, 2014;Tracey, Phillips, & Jarvis, 2011). At the same time, Moss et al (2011) show that social enterprises (SEs) have a higher social, collectivistic orientation than their commercial counterparts, whereas Bacq and Eddleston (2018) as well as Di Lorenzo and Scarlata (2019) show that the development of an economically oriented organizational mindset helps SEs to increase their social impact. SEs tend to rely on a linguistic, highly values-centered discourse to make sense of and convey what they do to the multitude of stakeholders they work with (Lee, Ramus, & Vaccaro, 2018).…”

mentioning

confidence: 99%

Social, commercial, or both? An exploratory study of the identity orientation of digital social innovations

Bonina

Lopez-Berzosa

Scarlata

2020

Information Systems Journal

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The information systems literature has studied digital innovation extensively and focused primarily on its commercial related objectives. Yet, digital social innovations (DSIs) seek to solve social problems, while implementing commercially viable approaches. Drawing from the social entrepreneurship literature and using computational social science methods, we identify the peculiar utilitarian (commercial) and collectivistic (social) identity orientations that shape DSI. We use a sample of 292 DSI initiatives from Latin America and find that DSIs present both utilitarian and collectivist identity orientation.We also find that the collectivistic identity orientation tends to be more salient in less developed contexts. This allows us to discuss implications for the research on DSI and to open up a discussion on the role of context and possible tensions that may emerge in combining both identity orientations.

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Social Entrepreneurship and Social Innovation Between Global North and Global South: The Ashoka Case

Bega

Mongelli

Rullani

et al. 2021

Sustainable Development Goals Series

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Social entrepreneurship and social innovation are key phenomena in interpreting the change towards a sustainable economy. This chapter aims at exploring geographical differences in the structure and characteristics of social initiatives. After having analyzed the role of social entrepreneurship and social innovation in the Global South and in the Global North, we focus on the Ashoka network, the largest worldwide support organization for social innovators and social entrepreneurs. Triangulating data from the Ashoka network and publications from academia (Yale and Columbia Universities) and international institutions (such as the World Health Organization and the World Economic Forum) we compare the two global areas in terms of alignment between the most urgent needs of the countries therein and the actions of the local Ashoka fellows.Results inform policy makers, social and business actors on the importance of sustaining social innovation and social entrepreneurship initiatives that align with the most pressing needs of the country, especially in economies that belong to the so called Global South.

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Social Enterprises, Venture Philanthropy and the Alleviation of Income Inequality

Cited by 33 publications

References 74 publications

What do venture philanthropy organisations seek in social enterprises?

What do venture philanthropy organisations seek in social enterprises?

Social, commercial, or both? An exploratory study of the identity orientation of digital social innovations

Social Entrepreneurship and Social Innovation Between Global North and Global South: The Ashoka Case

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