Leveraging Social and Intellectual Capital for Social Entrepreneurship: A Model for Sustainable Business Practices in an Uncertain Environment

Abstract

Social entrepreneurship helps solve social issues and bridges public and private sectors. This study uses a comprehensive framework to examine social, intellectual, and external risks in social entrepreneurship and its effects on society and the environment. Using the literature review’s variables, this study developed a conceptual model. The empirical research is based on a survey of 252 social entrepreneurs from different industrial/service sectors. The findings show that intellectual capital helps identify and seize social opportunities. Social capital—social networks, knowledge, trust, and critical resources—guide social entrepreneurs through complex social business environments. The study’s novel approach to external uncertainty in social entrepreneurship shows that firms can design risk-resilient strategies to build sustainable business models by considering external uncertainty. Organizations can consider social entrepreneurship’s social and environmental impacts to create businesses that address the root causes of societal issues. The study adds to theoretical understanding by incorporating a variety of factors that influence social entrepreneurship function and frameworks in driving social and environmental impact.

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