The Concepts of ‘Social Value Creation’ and ‘Social Value’

  • Archana Singh
Part of the Contributions to Economics book series (CE)


This chapter explores the concept of ‘social value’ from the perspectives of both social entrepreneurs and the beneficiaries. All social entrepreneurs see ‘social value creation’ in bringing social change or creating social impact (long term impact)/outcomes (immediate or short term impact), while addressing social problems/issues/needs. This social change or social impact/outcome includes a wide range of social impacts, starting from creating awareness, empowering beneficiaries, bringing about changes in behaviour, attitude, perception, norms and institutions, to create socio-economic benefits for the beneficiaries and impact their lives at the institutional, individual, community, state, national and in some cases, the international level. Social entrepreneurs create value not only for the poor and marginalised people, but also for the affluent sections of the society. Beneficiaries perceive ‘value’ in getting various kinds of benefits created by social entrepreneurs for them, and in various positive changes and impacts (direct and indirect) in their lives brought in because of these benefits. Chapter  4 provided a brief description of each case included in the study. This chapter would first present an understanding of ‘social value’ from the perspectives of both social entrepreneurs and beneficiaries.


  1. Alvord SH, Brown LD, Letts CW (2004) Social entrepreneurship and societal transformation: an exploratory study. J Appl Behav Sci 40(3):260–282CrossRefGoogle Scholar
  2. Ansari S, Munir K, Gregg T (2012) Impact at the ‘Bottom of the Pyramid’: the role of social capital in capability development and community empowerment. J Manag Stud 49(4):813–842CrossRefGoogle Scholar
  3. Blundel R, Lyon F, Spence LJ (2011) Analysing the growth process in social enterprises: an historical perspective. Paper presented at the 3rd EMES International Research Conference on Social Enterprise, Roskilde (Denmark), 4–7 July. Accessed 07 Feb 2013
  4. Dees JG (2001) Social entrepreneurship: mobilising resources for success. Accessed 10 Oct 2011
  5. Dees JG (2007) Taking social entrepreneurship seriously. Society 44(3):24–31Google Scholar
  6. Dorado S (2006) Social entrepreneurial ventures: different values so different process of creation, no? J Develop Entrep 11(4):319–343Google Scholar
  7. Fligstein N (1997) Social skills and institutional theory. Am Behav Sci 40(4):397–405CrossRefGoogle Scholar
  8. Lepak DP, Smith KG, Taylor MS (2007) Value creation and value capture: a multilevel perspective. Acad Manag Rev 32(1):180–194CrossRefGoogle Scholar
  9. Mann RS (1987) Social change and social research. Concept Publishing Company, New DelhiGoogle Scholar
  10. Phills JA, Deiglmeier K, Miller DT (2008) Rediscovering social innovation. Stanf Social Innov Rev 6(4):34–43Google Scholar
  11. Seelos C, Mair J (2005) Sustainable development: how social entrepreneurs make it happen. Working Paper No. 611, IESE Business School, University of Navarra, Spain. Accessed 19 July 2011
  12. Thompson J (2002) The world of the social entrepreneur. Int J Public Sector Manag 15(5):412–431CrossRefGoogle Scholar

Copyright information

© Springer India 2016

Open Access This chapter is distributed under the terms of the Creative Commons Attribution Noncommercial License, which permits any noncommercial use, distribution, and reproduction in any medium, provided the original author(s) and source are credited.

Authors and Affiliations

  1. 1.Centre for Social Entrepreneurship, School of Management and Labour StudiesTata Institute of Social SciencesMumbaiIndia

Personalised recommendations