Motivations and value creation: a comparison of commercial and social entrepreneurs

Research output: Chapter in Book/Report/Conference proceedingConference proceeding contributionpeer-review

Abstract

All entrepreneurs recognise opportunities, invest resources, engage in exchange relationships and face substantial risk of failure in an attempt to create, capture and share value. Differences between commercial and social entrepreneurs appear when the focus and orientation of entrepreneurial motivations are considered. While both commercial and social entrepreneurs are driven by intrinsic motivations to satisfy basic psychological needs and both are motivated by extrinsic rewards, past research indicates that only social entrepreneurs seek to create value and achieve tangible benefits for disadvantaged segments of society. We offer a conceptual foundation for comparing commercial and social entrepreneurial motivations. We also consider value creation using a social exchange perspective to facilitate better understanding of who benefits from the value that is created.
Original languageEnglish
Title of host publicationProceedings of the 23rd Annual Australian and New Zealand Academy of Management Conference
EditorsNicholas Beaumont
PublisherAustralian and New Zealand Academy of Management
Pages1-17
Number of pages17
ISBN (Print)1863081577
Publication statusPublished - 2009
EventAustralian and New Zealand Academy of Management Conference (23rd : 2009) - Melbourne, Australia
Duration: 1 Dec 20094 Dec 2009

Conference

ConferenceAustralian and New Zealand Academy of Management Conference (23rd : 2009)
CountryAustralia
CityMelbourne
Period1/12/094/12/09

Keywords

  • social entrepreneurship
  • characteristics of entrepreneurs
  • entrepreneurs

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