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Exploring frugal innovation in social entrepreneurship:: Insights from emerging economies
کاوش نوآوری صرفه جو در کارآفرینی اجتماعی :: بینشی از اقتصادهای نو ظهور-2020 Social entrepreneurshipinemergingeconomies isfraught with
challenges concerning the availability of financial resources
such as favorable credit terms, availability of human
resources, and profit-making potential of new ventures,
among others. Collectively, these conditions make undertaking entrepreneurial ventures difficult. As such, it is paradoxical that such adverse economic and institutional conditions in
emerging economies also provide social entrepreneurs with
opportunities to deliver social value. Research suggests that
social entrepreneurial initiatives such as Jaipur foot in India
and liter of light in Nigeria have overcome economic, social,
and institutional constraints to create social value through
frugal innovation. Yet as a scholarship, we have a limited
understanding of the processes through which these frugal
innovations emerge and how they enable social entrepreneurship in the context of emerging economies. |
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