Modelling the Critical Success Factors for Value Creation in Social Entrepreneurship

Abstract

Social entrepreneurs generate value for society by addressing social and economic issues. However, current literature lacks focus on the critical success factors that aid social entrepreneurs in creating social value. Therefore, this paper identifies eight factors (entrepreneurial intention, intrinsic motivation, social salience, social innovation, entrepreneurial capabilities, mission, resource mobilisation, and capacity building). Through modified total interpretive structural modelling (m-TISM) and MICMAC analysis, this study establishes interrelationships between these factors and classifies them based on driver-dependent relationships. The study highlights the importance of a five-level hierarchical structure for achieving dual value creation in social entrepreneurship. The study emphasises important implications for academicians and practitioners.