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Is a contemporary theory of social entrepreneurship necessary for sustainable wealth creation?

Sarif, Suhaimi Mhd and Ismail, Yusof (2011) Is a contemporary theory of social entrepreneurship necessary for sustainable wealth creation? In: The 2nd Entrepreneurship and Management International Conference (EMIC 2011), 17-19 December 2011, Hotel Seri Malaysia, Kangar, Perlis.

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Abstract

The paper explores the need for a contemporary theory of social entrepreneurship for the contemporary knowledge/ innovation-based economy. Classical theories such as Cantillon's Theory of Entrepreneurship, Jean Baptise Say (1767-1832)'s theory of entrepreneurship, Frank Knight's Risk Bearing Theory of Entrepreneurship (1885-1972), Alfred Marshall’s Theory of Entrepreneurship (1980), Max Weber’s Sociological Theory in entrepreneurship (1864-1920) and Mark Casson's Economic Theory (1945) are based on the role economic agents to transform economic variables into economic products for the market. Proponents for contemporary social entrepreneurship argued that there is a need for the new theory given to the complexity and dynamism of today’s entrepreneurship. Thus, the study proposed research method and instrument to develop a contemporary theory for social entrepreneurship that is conclusive and generalisable. Prospective informants would be managers of technology parks, policy makers, government officers, and managers of technology-based firms. The expected results would develop a contemporary theory of social entrepreneurship.

Item Type: Conference or Workshop Item (Full Paper)
Additional Information: 3328/11546
Uncontrolled Keywords: Social entrepreneurship, wealth creation, theory of entrepreneurship
Subjects: H Social Sciences > HF Commerce > HF5001 Business. Business Administration > HF5549 Personnel management
Kulliyyahs/Centres/Divisions/Institutes: Kulliyyah of Economics and Management Sciences > Department of Business Administration
Depositing User: Dr Suhaimi Mhd Sarif
Date Deposited: 01 Mar 2012 11:53
Last Modified: 22 Mar 2016 08:54
URI: http://irep.iium.edu.my/id/eprint/11546

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