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Social enterprises have emerged as promising solutions for addressing environmental and societal challenges. To enhance their access to financial capital and align their business proposals with the preferences of impact investors, it is crucial to understand how Philanthropic venture capitalists (PhVCs) evaluate potential portfolio companies. This study introduces a framework to assist PhVCs in making more informed investment decisions, fostering successful, long‐term partnerships between investors and investees. The proposed approach begins by determining the significance of investment criteria using the Best‐Worst Method (BWM). Subsequently, the performance of portfolio companies is evaluated, ultimately identifying the most favorable investment opportunities. We apply this framework to a Dutch philanthropic venture capitalist, and our analysis reveals that 'Potential' and the 'Management team' rank highest in terms of investment criteria importance, while 'Assessment of the deal' and 'External environment' carry lower significance. Furthermore, our approach, incorporating the BWM outcomes, considers investors' personal preferences and offers a method for ranking portfolio companies based on their value and performance. [ABSTRACT FROM AUTHOR]

Purpose: The main aim of the article is to assess the financial condition of social enterprises as entities influencing regional development. An additional aim is to present the legal basis for the functioning of these entities in Poland, as well as to illustrate their diversity in relation to the analysed group of entities. Design/methodology/approach: The research methods used in the study include critical analysis of literature, law regulations, and analysis of social enterprises9 financial data. The scope of research refers to 25 selected social enterprises operating in the KujawskoPomorskie Voivodeship. The liquidity, profitability, and debt ratios were used and the values of selected descriptive parameters were calculated for each ratio. Findings: The main balance sheet items of the analysed entities show values that are more characteristic for non-profit organisations than for businesses. As a result, not all indicators commonly used in financial analysis could be used, but this justified the inclusion of two additional ratios used for assessment of non-profit entities. The analysis of the financial situation indicates that the surveyed entities have a high level of liquidity. Half of them could cover their costs for at least one month with the funds they had at the end of the previous financial year. However, the fact that half of the analysed entities do not meet the equity to noncurrent assets ratio is worrying, as well as the existence of negative equity (fund) in some entities. Originality/value: Taking into consideration the relatively recent introduction of social enterprise status regulations and the limited information available on the financial standing of such entities in Poland, the article complements the literature by presenting the results of the assessment of social enterprises from the Kujawsko-Pomorskie Voivodeship. In addition, the article contributes to the discussion on how to evaluate social enterprises in Poland. [ABSTRACT FROM AUTHOR]

This article presents the objectives, scope, and evolution of the research on social economy conducted by the Research Centre for Social Economy at the Statistical Office in Krakow (Statistics Poland). It highlights the experience and achievements of public statistics in Poland in surveying social economy entities, including social enterprises. [ABSTRACT FROM AUTHOR]

Background: The research problem addressed in this study concerns the activities of social enterprises (SEs) within the framework of the social market economy (SME) in Poland during the crises triggered by the COVID-19 pandemic and the war in Ukraine. Research objectives: The article aims to verify the hypothesis that SEs situated within the SME can mitigate the negative effects of crises by undertaking additional actions for recipients during the pandemic and Ukrainian refugees. Research design and methods: An interdisciplinary research model helped examine the stated problem. It synthesizes both the concepts of SME and SE. Moreover, part of the research was a nationwide quantitative study using the CAWI method supported by the CATI method and Dilman's prompting method (mixed mode). Results: During the pandemic in Poland, 56% of SEs took additional actions for recipients, even though the situation worsened for 41% of them. During the war in Ukraine, 68% of SEs took action for refugees, while the situation worsened for 29% of SEs. Conclusions: Social enterprises experiencing the consequences of crises are also able to minimize their effects. Simultaneously, to an equal extent, they support environmental issues and sustainable development. [ABSTRACT FROM AUTHOR]

This article examines the potential contribution of social enterprise to the "wicked" problem of creativity and literacy in a performative schooling environment, drawing on an ethnographic study of Ciento, a social enterprise organization that works with under-resourced young people, families, and communities in Melbourne, Australia. In light of the growing body of research on the ways in which schools navigate creativity and performativity, this article contributes new knowledge on non-school organizations that is largely missing from this conversation, as well as new insights on the operations of education-focused social enterprises in Australia. It considers the social, political, and historical factors that have shaped this unique space of educational "wickedity" and the ways in which organizational rationales and practices, as well as the experiences and views of staff and participants, indicate a complex, promising, and innovative approach to educational problem-solving. [ABSTRACT FROM AUTHOR]

Copyright of Nankai Business Review is the property of Nankai Business Review Editorial Office and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Accepted by: Aris Syntetos Can mathematical research from a business school professor that is published in academic journals also substantially improve actual industrial practice in global supply chains? Yes. Can mathematics and operations management help improve fairness in access to organ transplants? Yes, again. Can mathematics developed for business applications facilitate the development of new types of quantum hardware? Also, yes. I have three main messages in this invited essay: (1) free yourself from self-imposed constraints and explore a wider range of new problems and arcane mathematics; (2) be bold and imaginative in developing novel solutions and (3) implement your ideas in practice, scaling them with a channel partner. [ABSTRACT FROM AUTHOR]

Copyright of Indonesian Journal of Business & Entrepreunership is the property of IPB University and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Journal of Marmara University Social Sciences Institute / Öneri is the property of Marmara University, Institute of Social Sciences and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Environmental & Social Management Journal / Revista de Gestão Social e Ambiental is the property of Environmental & Social Management Journal and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Purpose: The aim of the article is to identify the key research areas addressed in scientific discussions simultaneously addressing the issues of social enterprises and sustainable development. Design/methodology/approach: To achieve the declared research aim, a structured literature review method was used to explore the Scopus database. As a result, through a Q1 query, 531 unique scientific papers from the period 2000-2022 were generated for bibliometric analysis in the VOSviewer software. The discussion was additionally supported by conclusions drawn from a classic literature review within the scientific papers identified for this study. Findings: Social enterprises, like other business entities operating in the market, face the need to implement solutions aimed at sustainable development in their operations. Hence, the question of how such specific entreprises should implement the ideas of sustainable development while maintaining the continuity of their social mission, which is the process of inclusion of socially and professionally excluded people, is increasingly raised in the literature. The indicated analyses showed that the issue of social enterprises is discussed in the context of numerous areas related to the issue of sustainable development. In terms of these areas, a special place is given to the role of social enterprises in the process of striving to achieve certain sustainable development goals, or the issue of sustainable entrepreneurship. Based on the latter area, more and more researchers of the subject distinguish two new categories of social enterprises which are sustainable social enterprises and green social enterprises. Research limitations/implications: The analyses were limited to the Scopus database. The Q1 query used is, however, of universal character, which means that it can be used in the scope of other databases after possible changes in the form of valid queries (primarily, after adjusting the characters formulating the query). The results obtained based on other bibliometric databases, despite the identical query, may be different, which is due to the issue of indexing individual scientific journals in them. Hence, the results obtained may be a source for other researchers to compare the research results obtained by them on an identical or similar bibliometric query. Practical implications: The ongoing transformation of social enterprises under the impact of the idea of sustainable development is already being observed. This process is an inevitable direction for the development of social enterprises and, at the same time, may involve additional costs (depending, among other things, on the size and type of activities carried out by individual social enterprises), of which those managing these entities should be aware. Hence, already now those responsible for managing social enterprises should initiate changes in this direction, which should take place gradually, so that this kind of transformation does not take place at the cost of the social services provided. Originality/value: The article presents the results of the bibliometric analyses undertaken. Based on the author's keywords, the key research areas addressed in the analyzed scientific publications dealing simultaneously with the issues of social enterprises and sustainable development are indicated. Using overlay visualization, the change in interest over time in particular research areas in the context of the discussed issues from the researchers was highlighted. The performed classical literature review in terms of the author's keywords used, in turn, showed that one of the future directions of research in the context of transformation under the influence of the idea of sustainable development of social enterprises is the issue of the process of greening of such entities. The indicated observed direction of research, in the author's opinion, will play an increasingly important place in the literature on the subject. As a result, researchers will increasingly pay attention to at least the issue of green social enterprises. The article is addressed to all those interested in the issues of social enterprises and their gradual transformation under the influence of the idea of sustainable development. [ABSTRACT FROM AUTHOR]

Social cooperatives, as powerful economic organizations aiming to respond to social needs, are an economic model that has attracted attention by public and policy makers, activists and recently academics. This study provides a detailed look at the role and importance of social cooperatives, which is an element of social economy, by addressing the concept of social economy. The aim of the study is to analyze the current situation and potential of social cooperatives in Turkey, to highlight their strengths, to identify their weaknesses, to evaluate opportunities and threats, and to offer suggestions for the development of social cooperatives. With this study, the existence and functioning of social cooperatives in Turkey will be better understood and will contribute to future social cooperative discussions. As a result, it has been revealed that social cooperatives in Turkey have not been able to realize their full potential and therefore need political, supportive measures and developments. [ABSTRACT FROM AUTHOR]

The article presents an investigation of how Early Years leadership is conceptualised by frontline staff in the context of a social enterprise nursery group in London, England. Moving beyond academic splits in the conceptualisation of Early Years leadership, it considers how those in practice make sense of leadership in the complex and fragmented Early Years sector in England. A diverse sample of 18 staff members across four nurseries developed conceptualisations of Early Years leadership through reflective dialogue. Thematic analysis suggested the following four facets in their conceptualisations of leadership: 1) being hands-on, warm and non-hierarchical, 2) renewing passion through a culture of sharing, 3) committing to a strong sense of social purpose and 4) acting with optimism in difficult contexts. We argue that these themes respond directly to the difficult balance of pedagogical, business and social needs encountered in the Early Years sector. Our main contribution though is the emphasis on leadership as a dialogical construct made and re-made in context and the implications of this for practice-based leadership development in the sector. [ABSTRACT FROM AUTHOR]

Hybrid organizations' success should effectively fulfill both beneficiaries' and customers' needs, requirements, and expectations, being embedded in the conflicting—and often incompatible—institutional logics of social mission and commercial activities. Despite the increasing attention to such a phenomenon in the business research literature, still little is known regarding how hybrid organizational structures may facilitate or hinder the co-existence of such conflicting institutional logics. Relying on an inductive comparative case study realized on 9 socially entrepreneurial NPOs—which represent significant examples of socially imprinted organizations involved in commercial activities (hybrid)—operating in the Italian socio-healthcare sector, two main concerns have arisen as particularly influenced by organizational decisions, namely (a) effectively combining multiple identities within the organization and (b) gaining legitimacy from stakeholders. Results show that a coherent identity for a hybrid organization seems to be facilitated by an integrated structure, i.e., social programs and commercial activities run in a unique organization. On the contrary, a compartmentalized organizational structure creates two separate legal entities of a social or commercial nature only and is more crucial in gaining external legitimacy. Finally, some hybrids seem to mimic both features of these organizational structures, tackling both necessities. Thus, this study provides comparisons and practice-oriented implications to implement such organizational changes and explores the complex universe of hybrid organizational design by simultaneously comparing different organizational structures. [ABSTRACT FROM AUTHOR]

There is a debate in the literature about whether one can address food system problems with market-based approaches while seeking food justice or food sovereignty. However, as part of a team of researchers and community leaders, we have found that this debate is less relevant in practice. The concepts are interrelated within real-world food systems. As such, we were motivated to ask, how do social enterprises (SEs) interact with food justice and food sovereignty movements and their visions in order to realize more democratic and equitable local food systems in communities? To answer this question, we conducted a systematic review at the intersection of SE, food sovereignty, and food justice literature. Analyzing nine articles, which included 17 food-related SEs, we found evidence of potential interactions between food SEs, food justice, and food sovereignty that are compatible (e.g., create employment) and incompatible (e.g., limited ability to address issues like community employability and green gentrification). The literature includes at least three important characteristics that inform how food-related SEs may interact with food justice and sovereignty, including employee and ownership demographics, the enterprise business model, and aspects of the food system targeted by the enterprise via market activities. If we consider a systems perspective, we can envision the ways in which the aspects are embedded and interdependent in a neoliberal society. SEs, as market-based agents for social change, exist in the same system as justice and sovereignty. [ABSTRACT FROM AUTHOR]

Since their birth in the 1990s, social enterprises, as a kind of third-party organization with the attributes of both a not-for-profit entity and a profit-making enterprise, have played a significant role in the socio-economic development of cities, in particular those facing the challenge of shrinking. But why are social enterprises so deeply embedded in the regeneration process of shrinking cities, and how do they promote their multi-dimensional revitalization? In order to answer these questions, this paper presents a case study on Shimizusawa in Japan based on a literature review and field research. In line with the embeddedness and institution–function–instrument theories, it reviews the revitalization of Shimizusawa by involving a social enterprise in the adaptive reuse of industrial heritage sites and the development of industrial tourism, analyzes the establishment process and organizational characteristics of this social enterprise, and summarizes the four major experiences of its practice—that is, the governance structure of two types of institutions and two types of functions, the planning for both profitable and non-profitable activities, the operation of both for-profit and not-for-profit businesses, and the fund management of leveraging multiple parties to raise funds and reinvesting the profits locally. The extensive support provided by the Shimizusawa Social Enterprise that creates not only economic value but also social value justifies the significant role of social enterprises in the revitalization of shrinking industrial areas. This case study, together with its analytical framework, may serve as a meaningful reference for the revitalization of shrinking industrial areas in other parts of the world. [ABSTRACT FROM AUTHOR]

This paper offers a detailed and systemic representation of the process of organizational identification in social enterprises, and a better understanding of how individuals position themselves in these organizations. We highlight that identification in social enterprises is the result of the interplay between the multiple identities of the individuals who take part in coalitions defending different institutional logics. Identification will depend on whether or not it is easy for the individual to find a coalition that corresponds to him or her, and on whether or not the ideas of this coalition are dominant. The relative size of the various coalitions among the staff and the way they evolve will have a clear impact on what the dominant logic of the social enterprise will be. [ABSTRACT FROM AUTHOR]

Associative enterprises linked to the social economy continue to be an important economic alternative for small producers, generating decent work opportunities for people excluded from the formal labour market and contributing to sustainable development. The social and economic importance of this type of initiative has prompted several scientific publications on its success factors, leaving a gap in its practicality, raising the question: How can success factors of associative productive ventures be integrated into management indicators that promote their organisational sustainability? The aim is to define and prioritise management indicators that promote associative productive ventures through the analysis of key success factors. This study was carried out using a combination of BSC management methodology and AHP multicriteria decision making, based on a bibliographic review of success factors and the criteria of experts including managers of consolidated production associations in Quito-Ecuador. The results show that the indicators of participatory leadership, technical training and labour integration are the most relevant in the consolidation of associative productive ventures, prompting the conclusion that the prioritisation and integration of business and social management indicators would boost the organisational sustainability of associative ventures. [ABSTRACT FROM AUTHOR]

Research has shown that social enterprises must constantly balance conflicting demands between their social and economic goals. However, little is known about the factors that shape managers' strategic choices in response to the tensions associated with social enterprises' hybrid nature. To address this issue, we conducted a case study analysis of six work integration social enterprises that draws on insights from previous literature on organizational hybrids and managerial frames. This study identifies two distinct cognitive frames that managers adopt to interpret the hybrid condition of their organization, balancing and integrative, each of which is associated with different types of strategies for managing hybridity, defensive and exploratory, respectively. Additionally, we unveil the mechanisms through which these frames shape hybrid strategies, namely, through the representation of the environment, representation of agency, and capability to integrate conflicting prescriptions. These results underscore the individual agency of managers and their idiosyncratic cognitive processes as important explanatory factors for the wide array of strategic responses observed in the management of social enterprises. [ABSTRACT FROM AUTHOR]

The establishment of Joint Village-Owned Enterprises (Joint-BUMDes) presents an opportunity to create a collaborative network among villages, addressing the challenge of hindered business growth commonly faced by single-village enterprises. Therefore, this research aims to explore and analyze key enablers of Joint-BUMDes development using an interpretive structural modeling (ISM) approach and provide strategic recommendations for their growth. Based on literature review and semi-structured interviews with 8 informants, nine enablers were identified. These served as the basis for constructing a questionnaire distributed to three respondents who were purposely selected to establish contextual relationships. The ISM analysis prioritized interventions based on enablers located in Quadrant III and IV from the MICMAC analysis and the highest levels in the ISM interaction model. Key enablers include the village chief's political influence, managerial and technical skills, and leadership characteristics, as well as government support, equality in capabilities among villages, and the founding initiative. The conclusion drawn is that political and management factors predict the success of Joint-BUMDes and influence other factors. Therefore, addressing these enablers is crucial for the successful development of Joint-BUMDes in Indonesia. Apart from these practical implications, this study enriches the literature on social enterprises in Indonesia, which has thus far been limited to single village BUMDes and fragmented in analyzing influencing factors.

Background: Small and medium social enterprises (SMSEs) in developing countries, particularly in South Africa, play a crucial role in a country’s economy. With an entrepreneurial mindset, they respond innovatively to social, economic and environmental societal problems. However, SMSEs in emerging economies experience critical survival and performance challenges, including financial sustainability. Thus, investigating the funding model is important to overcome those challenges. Aim: The study aims to investigate the funding model of SMSEs in KwaZulu-Natal (KZN), South Africa, to identify the initial and primary funding source, and to explore the revenue-generating activities and revenue growth. Setting: The research was conducted in KZN with SMSEs participated in the champions’ programme of local economic development (LED) project at the University of KwaZulu-Natal (UKZN). Methods: A qualitative research design of 10 purposively selected case studies were conducted using an in-depth interview. The data were analysed using NVivo software. Results: The study found that self-funding followed by revenue generated from a commercial business is the most common funding model SMSEs adopt. A lack of access to different funding sources to secure success and sustainability hindered the development and growth of SMSEs. Conclusion: Diversifying funding might help SMSEs avoid the challenge of sustainability and will enable them to focus on improving their activities towards achieving their social mission. Contribution: The study brings a new theoretical approach to the funding model of SMSEs. Furthermore, the study contributes to the enterprises’ management.

ABSTRACT This study identifies the role of Instagram as a medium of transparency for three Social Enterprises that operate in the creative sector with empowering women as part of their social mission. This study employs content analysis with the help of NVivo software on various narratives, photos, and videos uploaded through the Instagram account from January to May 2023. The researcher also interviewed the CEO and beneficiaries via Instagram live chat. This study indicates the significant role of Instagram in building trust and media dialogue between companies and the public, which are essential in achieving company accountability, legitimacy, and sustainability. ABSTRAK Studi ini mengidentifikasi peran Instagram sebagai media transparansi bagi tiga Usaha Sosial yang bergerak di sektor kreatif dengan pemberdayaan perempuan sebagai bagian dari misi sosial mereka. Penelitian ini menggunakan analisis konten dengan bantuan software NVivo pada berbagai narasi, foto, dan video yang diunggah melalui akun Instagram pada bulan Januari hingga Mei 2023. Peneliti juga mewawancarai CEO dan penerima manfaat melalui live chat Instagram. Studi ini menunjukkan peran penting Instagram dalam membangun kepercayaan dan dialog media antara perusahaan dan publik, yang penting dalam mencapai akuntabilitas, legitimasi, dan keberlanjutan perusahaan.