Social entrepreneurship and sustainable competitive advantage: an Islamic perspective

Mhd. Sarif, Suhaimi (2010) Social entrepreneurship and sustainable competitive advantage: an Islamic perspective. In: IIUM Research, Innovation & Invention Exhibition (IRIIE 2010), 26 - 27 January 2010, Kuala Lumpur.

Preview

PDF - Published Version Download (1MB) | Preview

Abstract

This study evaluates from an Islamic perspective the role of social entrepreneurship in offering sustainable competitive advantage to firms. Social entrepreneurship is an integrated concept of commercial entrepreneurship that addresses the triple bottom line (3BL), namely profit, people and planet. Thus, it provides better position for firms to outcompete the rivals on long term basis. Meeting the needs of the stakeholders’ needs (including the natural environment) is vital to ensure sustainability. This concept is in line with Islamic perspective that emphasized on Tawhidic (oneness of Allah) paradigm, the fiduciary role as servant and vicegerent of Allah, and the relationship with other creatures. The Islamic perspective also views to sustain competitive advantage through social entrepreneurship is the integration of the belief system of Islam, organizational realities, and the nature of man. Man plays a critical role in integrating Islam into organizational realities. Hence, the most apparent element that needs to be Islamized is man who is managing, coordinating, and making the objectives a successful reality. The Qur’an has outlined ways and means of managing competitiveness that established justice, fairness and harmony.

Item Type:	Conference or Workshop Item (Poster)
Additional Information:	3328/22679
Uncontrolled Keywords:	IRIIE 2010, social entrepreneurship, Islamic perspective
Subjects:	H Social Sciences > HC Economic History and Conditions
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Economics and Management Sciences Kulliyyah of Economics and Management Sciences > Department of Business Administration
Depositing User:	Dr Suhaimi Mhd Sarif
Date Deposited:	20 Mar 2012 10:50
Last Modified:	12 Apr 2012 16:45
URI:	http://irep.iium.edu.my/id/eprint/22679

Actions (login required)

View Item