Pathways to social value and social change: An integrative review of the social entrepreneurship literature

Social entrepreneurship has emerged as an important means of addressing grand challenges. Although research on the topic has accelerated, scholars have yet to articulate an overarching framework that links the different pathways taken by social entrepreneurs with the positive effects of these efforts. To address this shortcoming, we conducted a systematic literature review which enabled us to conceptually differentiate between social value and social change as distinct outcomes of social entrepreneurship and identify seven pathways for achieving these outcomes. Building on our analysis, we outline a research agenda for questions pertaining to: the dynamics between social value and social change; how contextual factors and social entrepreneurs influence various pathways; design principles of business models and innovations that facilitate social value and social change; and defining, measuring, and ensuring accountability for social value and social change.     

Defining social responsibility

Corporate responsibility to society takes many forms and has an infinite number of dimensions. Many of the dimensions are international while others are more relevant to a particular society. This article reviews the development of the social responsibility movement in business and considers those elements most deserving of socially responsible behaviour for examples. In defining corporate responsibility to society, examples have been drawn from the South African environment.     

The social auditor

The auditor is essentially a social animal. However, beyond this lies a type of audit called social audit which tries to strike a balance between an organization's social and more traditional business objectives. After the polar contrasting views of monetarist Friedman amd Marxism have been outlined, we concentrate on considering social audit in the more common mixed economy. With no statutory or other requirement for external social audit, the onus is on organizations to take their own initiatives. Internal resistance often needs to progress through five distinct phases to reach acceptance. Some organizations appoint consumer advocates, such as Esther Peterson. There is an underlying statutory basis to social audits, but if this is extended we enter the domain of external pressure groups, such as the private independent Social Audit and the statutory National Consumer Council. Finally, the scope and motivation for internalizing social audit is discussed.     

Crossing borders with social media: Online social networks and FDI

Social media is embedded in today's internationalization strategy. Companies extend their reach into foreign countries by posting and tweeting. Firms also enhance their mobile capabilities in foreign markets (e.g., knowledge and reputation) through user-generated content in online social networks. Levering on the capabilities-based theory of the multinational enterprise, this paper builds upon a resource-based, industry/network-based, and institution-based view framework. The study provides a comprehensive conceptual and empirical model to explain the effect of social networks on foreign direct investment. Empirical analysis in a global panel dataset of >4500 multinational enterprises suggests that online social networks' activity stimulates foreign capital expenditure and new affiliates. In addition, the article explores the relevance of customer capabilities along with sectoral and institutional moderating effects.     

Planning and social change

During his ten years experience of corporate planning in industry the author became increasingly concerned about the relationship between planning and social change. This article, based on a talk given to the Social and Ecological Study Group of the Society for Long Range Planning, explores an approach to environmental appraisal which might make businesses and government agencies more responsive to the needs of a changing society and their products and services correspondingly more socially desirable. The author is currently leading a multidisciplinary team on a study of urban deprivation in Birmingham.     

Work-related social media use: The mediating role of social media communication self-efficacy

Social media use has become an indispensable part of knowledge work. Employees posting work-related content on social media are considered credible sources of information and have significant importance for how stakeholders, such as potential customers and future employees, perceive the organization. Therefore, employees’ ability to communicate about their work on social media has become a competitive advantage both for individual employees and for their organizations, especially in the professional service sector. Hence, understanding the role of employees’ ability to use these social media professionally is crucial for understanding the communicative behaviors of contemporary knowledge workers. In this study, we draw on social cognitive theory and focus on the antecedents and consequences of self-efficacy in individuals’ work-related communication on social media. The results show that perceived organizational commitment, clarity of communicative role, social media training, and prior experience with social media serve as antecedents of communication self-efficacy and subsequent work-related communication on social media. Thus, organizations and particularly management, have several aspects directly within the scope of their control that may aid employees in engaging in the professional use of social media. The paper contributes to the literature on employees’ communication behavior and provides important and actionable insights for management and the development of human resources.     

Management and the social environment

Most social change in the past 50 years in the U.K. has been associated with the relatively slow maturing of a highly industrialized society. There are now clear signs that Britain is entering an ‘age of discontinuity’ and that, increasingly, social change will reflect transition from an industrialized to a post-industrial stage of development. This transition will inevitably involve a transfer of power in society, away from the industrial organization and on to other institutions—the state itself, organized labour, consumer organizations and various pressure groups. In the context of such changes it becomes more and more imperative that business organizations should take social factors into account in decision making and that managers should acquire new knowledge and techniques to enable them to contribute to this process. The role of the management educator should be to heighten social awareness among managers, to stimulate a need for knowledge of the social environment and of social change, to indicate where and how such knowledge can be acquired, and to help managers develop skills and techniques of analysis and decision-making appropriate to social data.     

The social regulation of corporate social irresponsibility: Reviewing the contribution of corporate reputation

Whilst it is assumed that stakeholders penalize and deter corporate social irresponsibility (CSI), instances of CSI persist. Correspondingly, the literature on social regulation—which describes how non-governmental stakeholders exert their regulatory influence on organizations—remains fragmented. To act as a springboard for future studies, this review examines the contribution of corporate reputation to our understanding of how CSI is socially regulated. Our analysis of a large (n = 448 studies) multidisciplinary body of literature unearths a set of nuanced relationships between CSI and corporate reputation. We synthesize a conceptual framework in order to map the diverse landscape of literature and its contributions. We then highlight important gaps among—as well as between—research streams to present a future research agenda. Accordingly, this review contributes to closing ‘the loop’ between CSI, corporate reputation and social regulation, thereby opening up new pathways for future research.     

Corporate planning for social responsibility

From his position as Senior Chaplain of a team of Industrial Chaplains, working in industry yet not part of it, the author probes the necessity for a global perspective as a setting for all decisions. The multi-national family of man with limited resources provides the context for multi-national planning and for corporate strategies. We need an ethic for society so that ethical considerations are seen to be pertinent to relationships between nations as well as relations between individuals. This paper suggests a simple model of the ethical dimensions of a global village, which will enable us to see the world perspective while operating at the corporate level and with immediate responsibilities that seem limited but are extensive.     

Return predictability and social dynamics

The ability to predict stock returns from financial ratios is a long-standing but still controversial topic. There is ongoing debate about the empirical evidence as well as about appropriate theoretical explanations. We provide evidence from a simulated economy that local, social interaction among agents is remarkably successful in matching several established empirical facts. We find significant return predictability at various forecast horizons, absence of dividend growth predictability, high persistence in dividend yields, and absence of significant return autocorrelations. Our results suggest that social dynamics are a simple, intuitively appealing and successful way to explain predictability.     

Operational research in social security

In this paper we describe the work of the Department of Health and Social Security Operational Research (OR) Unit in Social Security. This work started in 1972 and with one break of eighteen months still continues. One of the authors (AFH) led the OR team from the beginning until September 1979 and the other (MJP) was the customer for much of its work. We describe briefly the organisation of social security work, and go on to talk about some of the projects attempted by the OR team. We will not shrink from describing some of the successes but we will concentrate most attention on the things which did not achieve the expected results. Readers will make their own judgements about the extent to which the failures were due to circumstances or to inadequacies of the team, or its leader.     

Corporate social responsibility and governance

Journal of Management and Governance -     

The impact of national culture and social capital on corporate social responsibility attitude among immigrants entrepreneurs

Although significant attention has been given to the phenomenon of immigrant entrepreneurship, little is known about the adoption of corporate social responsibility (CSR) in immigrant firms. Beyond the traditional social, cultural and regulatory challenges in the last years immigrant entrepreneurs have had to cope with the wide growing interest towards CSR, with raising expectations about firm’s environmental and social behaviors. This study provides initial insights on this topic by studying the effect of social capital and national culture on the immigrant entrepreneur’s attitude to adopt CSR in three areas: social, health and safety and environment. Sixty semi-structured interviews were conducted among immigrant entrepreneurs in the Italian Province of Milan; the first one for number of immigrant entrepreneurs. Data collected were analyzed through OLS regression. Findings shows that power distance and individualism/collectivism have a negative relation with all the three CSR areas, while uncertainty avoidance is negatively related only to environmental effort. We find out a robust relation between national culture and environmental and social practices and the health and safety area. The study concludes with practical implications and suggestions for future research. The paper is one of the first studies that address the topic of CSR among immigrant entrepreneurs. Understanding the commitment of this firms is relevant for the debate around CSR and SMEs, mainly because immigrant entrepreneurs are increasing their relevance in the developed countries.     

Transnational social capital and scientist entrepreneurship

This paper provides a link between social capital and the entrepreneurial activity of university scientists in the life sciences. The two main hypotheses are that social capital promotes scientist entrepreneurship and transnational social capital is conducive to scientist entrepreneurship. These hypotheses are tested using a large data base of US scientists in the life sciences. The empirical results support the two main hypotheses. Social capital in general, and transnational social capital in particular, are found to enhance scientist entrepreneurship in the life sciences.     

The contribution of the social sciences

The contribution which Social Science has made and may make to policy formulation in modern Europe is described and evaluated. The rapid economic growth of the post war period was accompanied by the growing impact of government economic policy but the contribution made by Social Science in most countries was limited. The questioning of growth and bureaucratization which has subsequently arisen offers new opportunities for Social Science in policy-making. At present, its contribution is handicapped by limitations of methodology, and in some circumstances by a lack of awareness of its value. A positive strategy is now required for the development and integration of Social Science into policy formulation.     

Key social issues for European business

European businessmen find themselves at the centre of a political debate which questions the existence of capitalism as we know it. Its critics would replace it or reform it by establishing a higher degree of state control or union control, by building protective trade barriers on a national or European level, and by arranging for a greater involvement of community interests in management decision-making.How should business leaders respond? Increasingly, business is becoming more ‘politicized’ and businessmen are putting their case personally, through industry and employer associations, and with the aid of external consultants and staff specialists in ‘Public Affairs’. The structures of business organizations are being changed to include representation by employees, consumers and other interests. And businesses are becoming involved in ‘social’ tasks like job creation and the provision of social services such as refuse collection, postal services, private education and private medicine. In this article, the authors trace the major social and political trends which have affected European business in the post-war period and identify the key social issues for businessmen in the 1980s.     

Neighborhood-based uncertainty generation in social networks

Imprecision, incompleteness and dynamic exist in a wide range of network applications. It is difficult to decide the uncertainty relationship among nodes since traditional models are not meaningful in uncertain networks, and the inherent computational complexity of the problems with uncertainty is always intractable. In this paper, we study how to capture uncertainty in networks by transforming a series of snapshots of a network to an uncertain graph. A novel sampling scheme is also proposed which enables the development of efficient algorithms to measure uncertainty in networks. Considering the practical aspects of neighborhood relationship in real networks, a framework is introduced to transform an uncertain network into a deterministic weighted network where the weights on edges can be measured by Jaccard-like index. The comprehensive experimental evaluation results on real data demonstrate the effectiveness and efficiency of our algorithms.