The playground of the rich? Growing social business in the 21st century

The playground of the rich? Growing social business in the 21st century
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有钱人的游乐场?

DOI:
10.1108/sej-12-2015-0036
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发表时间:
2016
影响因子:
2.1
通讯作者:
S. Teasdale
S. Teasdale
中科院分区:
--
文献类型:
--
作者:
Artur Steiner;S. Teasdale

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目的 本文旨在探讨新兴社会企业如何超越孵化阶段,并加深对早期社会企业如何获得融资以实现增长的理解。 设计/方法论/途径 这项探索性和归纳性研究基于与早期社会企业家、已实现增长的“成功”社会企业家以及社会影响力投资者的四次焦点小组讨论。 研究结果 社会资本允许社会企业创始人获得金融资本来“证明他们的理念”,或者直接吸引家人和朋友的投资作为启动成本。为了获得资金,社会企业家展现出英雄变革者的理想形象。有趣的是,在获得财务资本方面,创造正确的印象与“努力工作”本身同样重要。 研究局限性/影响 这项研究是在伦敦进行的,与许多其他“全球”城市一样,伦敦拥有独特的商业环境。这项研究本质上是探索性的。需要在这一领域开展进一步的工作才能得出更明确的结论。 实际意义 向社会企业提供的金融产品往往分散且不合适。该研究表明,获得“软贷款”和赠款对于社会企业发展的早期阶段至关重要,社会企业家利用正式和非正式的资金来源来发展其业务。如果一个人没有通过家庭或社交网络与富有的熟人建立联系,那么在网络资源似乎与企业家的足智多谋同样重要的世界中,他们可能经常难以获得融资。这对于经营社会企业的“成功社会企业家”的人口构成具有特殊的影响,因为这些人可能来自一个已经倾向于白人中产阶级男性的群体中最有特权和/或人脉广泛的成员。 社会影响 这项研究强调,当前的支持结构有利于相对享有特权的社会企业家,而不是包容和赋权那些弱势群体、社会少数群体和最需要帮助的群体。这一点很重要,因为社会企业经常被描述为通过赋予弱势群体权力来解决贫困问题的机制,这可能是错误的。 原创性/价值 对社会企业发展的研究在很大程度上忽视了初创企业的社会和文化动力。本文解决了这一差距,并有助于建立早期社会企业发展领域的知识。
Purpose This paper aims to explore how nascent social businesses move beyond the incubation phase and it develops understanding of how early-stage social businesses access finance to achieve growth. Design/methodology/approach This exploratory and inductive study is based on four focus group discussions with early-stage social entrepreneurs, “successful” social entrepreneurs who had achieved growth, and social impact investors. Findings Social capital allows a social business founder to access financial capital to “prove their concept”, or to directly attract investment from family and friends for start-up costs. To gain funding, social entrepreneurs present the desired image of the heroic change-maker. Interestingly, creating the right impression is equally important in securing financial capital as the “hard-work” itself. Research limitations/implications This study was conducted in London, which, like many other “global” cities, has a unique business environment. The study is exploratory in nature. Further work in this area is required to draw more definitive conclusions. Practical implications Financial products offered to social businesses are often dispersed and inappropriate. The study indicates that access to “soft loans” and grants is critical in the early stages of social business growth and that social entrepreneurs use both formal and informal funding sources to develop their businesses. Where a person is not connected to wealthy acquaintances either through family, or through social networks, they may often struggle to access finance in a world where the network’s resources appear to be as important as the entrepreneur’s resourcefulness. This has particular implications for the demographic make-up of “successful social entrepreneurs” operating social businesses, as these may be drawn from the most privileged and/or well-connected members of a group which already appears skewed towards white middle-class males. Social implications This study highlights that current support structures favour relatively privileged social entrepreneurs rather than encompassing and empowering those disadvantaged, social minority groups and those in the greatest need. This is important because social business is often portrayed, possibly incorrectly, as a mechanism for addressing poverty through empowerment of disadvantaged groups. Originality/value Research in social business development has largely neglected the social and cultural dynamics that embed start-ups. This paper tackles this gap and contributes to building knowledge in the area of early-stage social business development.
DOI: 10.1111/ijmr.12028
发表时间: 2014-10-01
影响因子: 8.1
作者:
Doherty, Bob;Haugh, Helen;Lyon, Fergus
通讯作者: Lyon, Fergus