Creating value for others

an exploration of social entrepreneurs' motives

Research output: Chapter in Book/Report/Conference proceedingConference proceeding contribution

Abstract

Entrepreneurs are catalysts for job creation, wealth creation and community development, so understanding their motivations is critical. But what motivates entrepreneurs to create social and economic value for themselves and others? We address this question by proposing a conceptual model for understanding social entrepreneurial motivations and rewards. We evaluate the model using data gathered from in-depth interviews with social entrepreneurs. Results show that social entrepreneurs identify with their target communities and generally are motivated by a commitment to social justice. Social entrepreneurs attain intrinsic rewards such as pleasure and participating in activities consistent with their values. By contrast, extrinsic rewards, including positive feedback and monetary compensation, appear to contribute to continued satisfaction with the venture.
Original languageEnglish
Title of host publicationProceedings of the 25th Annual Australian and New Zealand Academy of Management Conference
Subtitle of host publicationthe future of work and organisations
Place of PublicationSydney
PublisherArinex Pty Ltd
Pages1-19
Number of pages19
ISBN (Print)9781877040870
Publication statusPublished - 2011
EventAustralian and New Zealand Academy of Management Conference (25th : 2011) - Wellington, New Zealand
Duration: 7 Dec 20119 Dec 2011

Conference

ConferenceAustralian and New Zealand Academy of Management Conference (25th : 2011)
CityWellington, New Zealand
Period7/12/119/12/11

Keywords

  • social entrepreneurship
  • motivation

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  • Cite this

    Ruskin, J., & Webster, C. M. (2011). Creating value for others: an exploration of social entrepreneurs' motives. In Proceedings of the 25th Annual Australian and New Zealand Academy of Management Conference: the future of work and organisations (pp. 1-19). Sydney: Arinex Pty Ltd.