Add Thesis

Speeding Up Social Entrepreneurship

Improving the Sustainability of the Accelerator Program

Written by Marte de Vries

Paper category

Master Thesis

Subject

Business Administration>Entrepreneurship

Year

2018

Abstract

Master Thesis: Social Enterprise Accelerator This article mainly studies social enterprise accelerator. In order to make a clear definition of the SE accelerator, the concept of "social entrepreneurship" needs to be discussed. 2.2.1 Social entrepreneurship To understand social entrepreneurship, we first need to define the term "entrepreneurship". The emergence of entrepreneurial research was welcomed by Schumpeter, who linked his personal entrepreneurial initiative with economic development in 1934 (Schumpeter, 1934). Since then, there has been an increasing consensus on the definition of entrepreneurship: it can be defined as the process of new economic activity and organization formation (Davidson, 2003; Gartner, 1988; McMullen and Dimov, 2013 ; Shane & Venkataraman, 2000; Wiklund et al., 2011). Decades ago, social entrepreneurship branched out "traditional" entrepreneurship research as a single research field (Mair & Marti, 2006). Contrary to the general entrepreneurial spirit, the definition of social enterprise has not yet reached a consensus, and it is still an essentially controversial concept (Choi & Majumbar, 2014). This is because of the definition of society: According to Mair and Marti (2006), defining the boundaries of social meaning is the biggest challenge in understanding social entrepreneurship. The perfect answer. Therefore, this paper uses the definition proposed by Mair and Marti (2006), which comes from one of the most cited social entrepreneurship papers. After conducting extensive literature research on the different definitions of social entrepreneurship, business and entrepreneurs, they regarded social entrepreneurship as "a way to catalyze social change and/ Or the process of meeting important social needs" (Mair & Marti, 2006). The author emphasizes that the difference between social entrepreneurship and traditional entrepreneurship is that priority is given to promoting social value and development rather than obtaining economic value (ibid.). This definition is consistent with the definition used by social enterprise accelerators. 2.1.2 SE accelerators As mentioned in the introduction, social enterprise accelerators exist under various names. Table 2 summarizes the different terms of SE accelerator used by other scholars. 2.3 Revenue model The use of the term "revenue model" has confounded researchers, media, and institutions in the past. This section clarifies the term. 2.3.1 One of the concepts related to business model and revenue model is business model. Osterwalder and Pigneur (2010, p. 9) provide the following definition: "Business model describes the basic principles of how an organization creates, delivers, and captures value." The company has always failed to find the right business model, resulting in the company's value generated from its products or services is lower than other methods (Rosenbloom and Spencer, 1996). Therefore, the business model is the main factor affecting the company's viability-in this case, the accelerator program. Osterwalder and Pigneur (2010) believe that nine “building blocks” can best describe the business model: customer segmentation, value proposition, channel, customer relationship, key resources, key activities, key partnerships, cost structure, and revenue flow. Therefore, revenue streams are only part of the business model. Teece (2010) confirmed this: he pointed out that the revenue model is only one component of the business model. 2.3.2 Definition: What is the revenue model? Although the revenue model is only one component of the business model (DaSilva & Trkman, 2014), these two terms are often confused with each other (George and Block, 2011). Although the business model describes the company's value creation, delivery, and acquisition, the revenue model only involves value distribution (Rosca et al., 2017). The revenue model describes the way a company generates revenue, and revenue should equal or exceed its cost. If this is not the case, the business is not feasible (Richardson, 2008). DaSilva and Trkman (2014) mentioned that the revenue model does not define a company's value creation, but only describes how to generate revenue by selling its goods or services. The income model can be distinguished from two dimensions: the directness of the income stream and the source of the income stream. Direct income is generated by direct income between the end customer and the supplier, while indirect income flows to the end customer through middlemen (Wirtz & Lihotzky, 2003). Income can come from private or public sources, where public is the government and private can be individuals or organizations. 2.3.3 Income models of social enterprise accelerators Although there is very little scientific literature on social enterprise accelerators, several different income models used by these programs are mentioned. This section lists the different income models and gives a brief description of the income models. Read Less