Social value creation as a core determinant from the impact of social entrepreneurship

The purpose of this research was to find out what Social Value is, how it is created and in what way it is related to Social Entrepreneurship. The study has been done at a time when the concept of Social Entrepreneurship has come to the forefront at the outset of the 21st Century; in an advent of rapid change and worldwide turmoil; yet an academic understanding of Social Entrepreneurship has been lacking. A Western-style capitalist economy has a highly functioning 'for-profit' and government regulatory system, with civil society which carries an obligation to have regard for those who 'have not.' The goodness-of-fit between all three sectors determines the harmony, order and satisfaction of a given population. We now know that social Value is created when communities are impacted with outcomes from the inspiration and perspiration of Social Entrepreneurs and Support teams who are committed to alleviating human need. Social Entrepreneurs and their teams have a different outlook on life. They live with a lack of financial security, are time-poor, persevering, and resourceful; and they manage risk even as need is being resourced. Based upon a robust literature of Entrepreneurship and Values theories for meaning, data collection allowed for ten social ventures to be casestudied. These lead to further enquiry into seven peak bodies designed to be resourcing agencies. This research is important because a model has been developed which effectively enables social ventures to service their mission, and to stay viable. As a result of this, a way forward has been identified where the impact from social entrepreneuring becomes a core determinant of created Social Value. The contribution of this research has been to lay a foundation in grassroots social entrepreneurship which is supported by a Literature which others following can add to or further define. There is now something comprehensive drawn from the experiences of many in the field uipon which to base further enquiry and future investigation. Suggestions have also been made which need reinforcing at the Public Policy level; others in the Social Policy sector will want to know the way to reengineer a way out of the 'gap' which exists in the Capitalist System.