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Social Ventures for Sustainability

  • Living reference work entry
  • First Online:
Peace, Justice and Strong Institutions

Part of the book series: Encyclopedia of the UN Sustainable Development Goals ((ENUNSDG))

  • 179 Accesses

Synonyms

Economic value; Environmental value; Social entrepreneurship; Social value; Social venture; Sustainability

Definition

Social ventures also known as social business or social enterprise adopt innovative business techniques to reach solution for social problems which markets fail to accomplish. Social ventures are mission-centric business organizations which seek to engage disadvantaged groups of people in livelihood activities by providing fair wages or salaries or start creative businesses with deeper understanding of felt needs (Townsend and Hart 2008) among low-purchasing power communities (Seelos and Mair 2005). Social venture along with the objective of achieving social change has to compete with conventional business organizations in producing similar goods and services. It is considered unique as it combines the social and economic mission in a sustainable manner.

Introduction

In economic perspective, an entrepreneur is a creative person with exceptional innovative ideas...

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Author information

Authors and Affiliations

  1. Department of Social Work, School of Social Sciences and International Studies, Pondicherry University, Puducherry, India

    Iftekhar Alam

Authors
  1. Iftekhar Alam
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Corresponding author

Correspondence to Iftekhar Alam .

Editor information

Editors and Affiliations

  1. European School of Sustainability, Hamburg University of Applied Sciences, Hamburg, Hamburg, Germany

    Walter Leal Filho

  2. Center for Neuroscience & Cell Biology, University of Coimbra, Coimbra, Portugal

    Anabela Marisa Azul

  3. Faculty of Engineering and Architecture, Passo Fundo University Faculty of Engineering and Architecture, Passo Fundo, Brazil

    Luciana Brandli

  4. HAW Hamburg, Hamburg, Hamburg, Germany

    Amanda Lange Salvia

  5. Istinye University, Istanbul, Turkey

    Pinar Gökcin Özuyar

  6. International Centre for Thriving, University of Chester, Chester, UK

    Tony Wall

Section Editor information

  1. No affiliation provided

    Golda A Edwin

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Alam, I. (2020). Social Ventures for Sustainability. In: Leal Filho, W., Azul, A.M., Brandli, L., Lange Salvia, A., Özuyar, P.G., Wall, T. (eds) Peace, Justice and Strong Institutions. Encyclopedia of the UN Sustainable Development Goals. Springer, Cham. https://doi.org/10.1007/978-3-319-71066-2_20-1

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  • DOI: https://doi.org/10.1007/978-3-319-71066-2_20-1

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-71066-2

  • Online ISBN: 978-3-319-71066-2

  • eBook Packages: Springer Reference Earth and Environm. ScienceReference Module Physical and Materials ScienceReference Module Earth and Environmental Sciences

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