A typology of social venture business model configurations
International Journal of Entrepreneurial Behavior & Research
ISSN: 1355-2554
Article publication date: 10 July 2017
Issue publication date: 11 May 2018
Abstract
Purpose
Social ventures are unique and important for society; yet, we know very little about their business models. The purpose of this paper is to: re-conceptualize extant business model frameworks so that they can analyze social ventures; identify the key characteristics of social ventures; and identify the typology of effective social venture business model configurations.
Design/methodology/approach
The paper uses resource dependence theory to make sense of extant business models and borrows from public administration literature to identify key characteristics and different configurations of social venture business models.
Findings
The paper re-conceptualizes business model frameworks as inter-organizational arrangements to cope with external resource dependence; this paper also identifies four key characteristics of social ventures, and develops a social venture business model typology based on these unique key characteristics and extant business model dimensions.
Research limitations/implications
The typology may guide further social venture research, e.g. research on social venture business model creation, on social venture business model innovation, and on social change. Limitations and boundary conditions are discussed in the paper.
Practical implications
The research may further help social entrepreneurs to develop effective business models that meet the social and financial objectives.
Originality/value
The paper offers a novel reconceptualization of traditional business model frameworks, a unique set of key characteristics of social ventures, and a theoretical typology of effective social venture business model configurations.
Keywords
Acknowledgements
This paper forms part of a special section “Challenging tensions and contradictions: critical, theoretical and empirical perspectives on social enterprise”, guest edited by Michael Bull, Rory Ridley-Duff, Geoffrey Whittam and Susan Baines.
Citation
Margiono, A., Zolin, R. and Chang, A. (2018), "A typology of social venture business model configurations", International Journal of Entrepreneurial Behavior & Research, Vol. 24 No. 3, pp. 626-650. https://doi.org/10.1108/IJEBR-09-2016-0316
Publisher
:Emerald Publishing Limited
Copyright © 2018, Emerald Publishing Limited