- 2015-03-09 (x)
- Kumar, Ganesh (x)
- Katre, Aparna (x)
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Show moreFacing issues of survivability, social-purpose entrepreneurs are reinventing to better balance market and mission goals. Addressing the deficit of empirical data about how they do it and, in particular, a gap in knowledge about the crucial start up phase of the social entrepreneurial process we conducted in-depth qualitative interviews with 31 North American founder/CEO's at various points in early stage social venture creation. The data revealed a four-stage early venture developmental continuum featuring progressive critical success factors on which we mapped successful, struggling and failed ventures in our sample. While effective execution of each factor helps secure incremental legitimacy with stakeholders a key determinant of early stage success- ineffective execution results in loss of legitimacy, venture regression and potential mortality. This study contributes to the growing, but still nascent and largely theoretical- literature on social purpose entrepreneurship.
Doctorate of Management Programs
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Show moreSocial-purpose entrepreneurs in achieving the ?middle-ground? of social-mission and profits, face unique legitimacy-related challenges. Regardless of the legal structure and the specific social-mission, they need to demonstrate behaviors and undertake activities which satisfy both mission and business stakeholders. This research explores the relationships between entrepreneurial behaviors, organizing activities and early stage venture performance. Results show that entrepreneur?s proactiveness positively effects both mission and business performance. Contrary to intuition mission organizing activities dampen the effect of experimentation on mission performance particularly for entrepreneurs with prior for-profit experience. Entrepreneurs with for-profit experience may maintain caution regarding how much they do to achieve mission results. This is one of the first studies to measure and predict social entrepreneurial venture performance.
Doctorate of Management Programs
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