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Enacting entrepreneurship as social value creation.

Korsgaard, Steffen; Anderson, Alistair R.


Steffen Korsgaard

Alistair R. Anderson


The social plays an important role in entrepreneurship, but one that is not well understood. We argue that the social conditions of entrepreneurs, as well as the social nature of opportunities, affect the entrepreneurial process. Hence it is conceptually useful to understand enterprise as socially situated. Accordingly, this article examines the enactment of a socialized opportunity to explore the process of entrepreneurial growth. We find that a conceptualization of social value creation usefully develops our understanding and challenges the view that economic growth is the only relevant outcome of entrepreneurship. Our case study shows how social value is created in multiple forms at different centres and on different levels: from individual self-realization over community development to broad societal impact. We also find complex interrelations between the different levels and centres, thus, we argue that entrepreneurship is as much a social as an economic phenomenon.


KORSGAARD, S. and ANDERSON, A.R. 2011. Enacting entrepreneurship as social value creation. International small business journal: researching entrepreneurship [online] 29(2), pages 135-151. Available from:

Journal Article Type Article
Acceptance Date Feb 18, 2011
Online Publication Date Feb 18, 2011
Publication Date Apr 1, 2011
Deposit Date Aug 29, 2011
Publicly Available Date Aug 29, 2011
Journal International small business journal: researching entrepreneurship
Print ISSN 0266-2426
Electronic ISSN 1741-2870
Publisher SAGE Publications
Peer Reviewed Peer Reviewed
Volume 29
Issue 2
Pages 135-151
Keywords Entrepreneurship; Growth; Social processes; Value creation
Public URL


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