Przeglądaj Business Model Innovation - A Concept Between Organizational Renewal and Industry Transformation, 2015, vol. 11, issue 1 wg Temat "business models"
(Nowy Sacz School of Business – National-Louis University, 2015) Jokela, Päivi; Elo, Maria
Social ventures represent a new type of organization that aim to create sustainable
social value, such as promoting the well-being of communities and their existence
is based on developing solutions to tackle complex social problems. Developing a
suitable business model for a social venture is crucial because the right model with
a sustainable value offering in its core can support the venture and direct it toward
self-sustainability and competitiveness. Research on social venture business models
has been so far limited and particularly innovation in business models needs more
inquiry. Through an in-depth case study, we aim to extend the understanding how
business models of social ventures can meet these goals and how the business model
elements interact with each other. The study findings indicate that opportunity
recognition which is followed by innovative resource mobilization and integration can
turn into a well-functioning business-model that serves the desired ends, creating
social value and help to achieve self-sustainability. Furthermore, establishing the
right interconnections between the business model elements was found to support
the development of an efficient social venture business model.