Prospects of Social Enterprises from a Framing Perspective
By integrating institutional theory, the threat-rigidity hypothesis and prospect theory, we propose avenues for the future development of social enterprises, and map out how the development of the organizations depends on whether social entrepreneurs perceive environmental shifts as threats or opportunities in relation to the legitimacy of their organizations. We examine the relevant literature and integrate the predictions of the theories to theorize the prospects of social enterprises. Our discussion of these predictions was built on evidence of the recent changes in the institutional environment where social enterprises are operating, which offers a roadmap for academics and social entrepreneurs to move beyond the heated debate on “business-like” activities in social entrepreneurship through a richer and deeper understanding of the prospects of social enterprises.
||Social Enterprises, Prospect Theory, Threat-rigidity Hypothesis, Institutional Theory
International Journal of Interdisciplinary Social Sciences, Volume 6, Issue 4, pp.169-186.
Article: Print (Spiral Bound).
Article: Electronic (PDF File; 1.267MB).
The Hong Kong Polytechnic University, Hong Kong, China
Dr. Stephen Ko is a Teaching Fellow of entrepreneurship and strategic management at the Hong Kong Polytechnic University. He received his Ph.D. in entrepreneurship from the Faculty of Business at the Hong Kong Polytechnic University. His current research interests focus on entrepreneurship, creativity, and innovation.
Senior Lecturer, School of Management & Marketing, Faculty of Business & Law, University of Southern Queensland, Toowoomba, Queensland, Australia
Dr. Eric Kong is a Senior Lecturer at the School of Management and Marketing, University of Southern Queensland, Australia. He completed his Ph.D. in Strategic Management at Monash University, Australia. His current research interests include intellectual capital, knowledge management, non-profit management and strategic management. He has published over 45 publications, including international refereed journal articles, refereed conference papers, scholarly research book and book chapter. He was a winner of a Highly Commended Award at the Emerald Literati Network in 2011 for an article he published in the Journal of Intellectual Capital. Eric was an Executive Committee member of Public and Non-profit Division (PNP) for the Academy of Management (AOM) conference from 2007 to 2010. He was nominated as the Chair of the Best Paper Award for Public and Non-profit Division at the Academy of Management (AOM) Conference in 2008 and 2010. He served as Guest Editor of Special Issue of Journal of Intellectual Capital on ‘Intellectual Capital and Non-profit Organisations in the Knowledge Economy’. He is currently serving as an Editorial Board member of the International Journal of Organisational Theory and Behaviour (IJOTB) and a Committee Member of the 2011 International Conference on Intellectual Capital, Knowledge Management & Organisational Learning (ICICKM).
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