<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>Built on a commercial structure, a social enterprise has its primary goal to achieve certain social objectives, by which attempts to make a strong societal, and environmental impact. In exploring its role in a VUCA (volatile-uncertain-complex-ambiguous) world, we argue that such dynamic, adaptable, structures fostering social innovation, and entrepreneurship, are set to thrive as pillars of socio-economic stability in the current climate of rapid business change. We posit that social entrepreneurship (and intrapreneurship) skills such as creative bricolage<sup>1</sup> represent a much-needed addition to the business toolkit competences. The aim of this paper is to provide a counterpoint to a world marred by overconsumption, where instant gratification and short-term profits, coupled with human impact to global climate add to market volatility and uncertainty. Our research focuses on a sustainable business model that blends entrepreneurship and intrapreneurship, with the full, balanced, use of financial, social, and human capitals, while blending innovative accounting models to create a new paradigm of long-term economic stability. This all-inclusive business model has the ability to leverages a three-sector collaboration between public, private, and voluntary, centered on a different kind of profit-making organizations such as social enterprises, benefit corporations, or cooperatives, towards a more sustainable business and economic future.</p>
</abstract>

Built on a commercial structure, a social enterprise has its primary goal to achieve certain social objectives, by which attempts to make a strong societal, and environmental impact. In exploring its role in a VUCA (volatile-uncertain-complex-ambiguous) world, we argue that such dynamic, adaptable, structures fostering social innovation, and entrepreneurship, are set to thrive as pillars of socio-economic stability in the current climate of rapid business change. We posit that social entrepreneurship (and intrapreneurship) skills such as creative bricolage1 represent a much-needed addition to the business toolkit competences. The aim of this paper is to provide a counterpoint to a world marred by overconsumption, where instant gratification and short-term profits, coupled with human impact to global climate add to market volatility and uncertainty. Our research focuses on a sustainable business model that blends entrepreneurship and intrapreneurship, with the full, balanced, use of financial, social, and human capitals, while blending innovative accounting models to create a new paradigm of long-term economic stability. This all-inclusive business model has the ability to leverages a three-sector collaboration between public, private, and voluntary, centered on a different kind of profit-making organizations such as social enterprises, benefit corporations, or cooperatives, towards a more sustainable business and economic future.

The Salience of Social Enterprise: a ‘Fictional’, Functional Tale of Three Sectors Cooperation

Proceedings of the International Conference on Business Excellence

This work is licensed under the Creative Commons Attribution 4.0 International License.

Built on a commercial structure, a social enterprise has its primary goal to achieve certain social objectives, by which attempts to make a strong societal,...

The Salience of Social Enterprise: a ‘Fictional’, Functional Tale of Three Sectors Cooperation

Publicado en línea: 14 jul 2023

Páginas: 870 - 881

DOI: https://doi.org/10.2478/picbe-2023-0080

Palabras clave
Social enterprise, VUCA world, social entrepreneurship, multiple capitals, sustainable business models

© 2023 Alexandru Ureche, published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

The Salience of Social Enterprise: a ‘Fictional’, Functional Tale of Three Sectors Cooperation

Publicado en línea: 14 jul 2023

Páginas: 870 - 881

DOI: https://doi.org/10.2478/picbe-2023-0080

Palabras claveSocial enterprise, VUCA world, social entrepreneurship, multiple capitals, sustainable business models

© 2023 Alexandru Ureche, published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Palabras clave
Social enterprise, VUCA world, social entrepreneurship, multiple capitals, sustainable business models