Final published version
Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
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TY - JOUR
T1 - Business as Unusual
T2 - A Business Model for Social Innovation
AU - Gasparin, Marta
AU - Green, William
AU - Lilley, Simon
AU - Quinn, Martin
AU - Saren, Michael
AU - Schinckus, Christophe
PY - 2021/3/31
Y1 - 2021/3/31
N2 - Business model (BM) literature has developed considerably; however, most research takes place in large for-profit organisations in western settings, rather than small–medium enterprises with social goals. This is surprising given the drive for social innovation (SI) and alternative modes of organizing. Models for managing innovation are typically agnostic about sources of social, ecological and cultural values; yet our in-depth qualitative research demonstrates that, for SMEs practicing SI in Vietnam, these values are as inherent as economic value. As a result, a new social BM emerged and was evaluated. This paper: (i) defines a Business model for SI for sustaining the long-term growth of SI; (ii) provides a Strategic framework for SI for SMEs, to ensure that the strategy of SMEs takes into consideration the positive impact SIs can have on society; and (iii) defines mechanisms to create and capture economic, social, cultural and ecological values.
AB - Business model (BM) literature has developed considerably; however, most research takes place in large for-profit organisations in western settings, rather than small–medium enterprises with social goals. This is surprising given the drive for social innovation (SI) and alternative modes of organizing. Models for managing innovation are typically agnostic about sources of social, ecological and cultural values; yet our in-depth qualitative research demonstrates that, for SMEs practicing SI in Vietnam, these values are as inherent as economic value. As a result, a new social BM emerged and was evaluated. This paper: (i) defines a Business model for SI for sustaining the long-term growth of SI; (ii) provides a Strategic framework for SI for SMEs, to ensure that the strategy of SMEs takes into consideration the positive impact SIs can have on society; and (iii) defines mechanisms to create and capture economic, social, cultural and ecological values.
KW - SMEs
KW - Business model for social innovation
KW - Social innovation
KW - Strategic framework for social innovation
KW - Transitional economy
U2 - 10.1016/j.jbusres.2020.01.034
DO - 10.1016/j.jbusres.2020.01.034
M3 - Journal article
VL - 125
SP - 698
EP - 709
JO - Journal of Business Research
JF - Journal of Business Research
SN - 0148-2963
ER -