A socially extended business model canvas approach to social enterprises – A systematic literature review

Abstract

Social enterprises, organizations that aim to achieve the dual goals of solving societal problems while maintaining their financial sustainability, build a bridge between the entrepreneurial world and society. However, their imperfect business models tend to hinder the achievement of their goals. Using a self-developed framework that applies the socially extended business model canvas approach (extending the original concept of business model canvas), this paper provides a systematic literature review of 109 academic papers concerning the success factors of the dual value creation of social enterprises. Based on thematic analysis, the paper argues for the importance of a more conscious and better-focused business model approach to social enterprises. It also highlights current shortcomings and future research directions that may contribute to more effective dual value creation in the field.

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