Digital social entities, valuable communities: How digitalization enables value co-creation for social enterprises
Digital social entities, valuable communities: How digitalization enables value co-creation for social enterprises
Author(s): Hikmat MursalzadeSubject(s): ICT Information and Communications Technologies
Published by: Akadémiai Kiadó
Keywords: digitalization; value co-creation; social entrepreneurship; data-driven social co-creation
Summary/Abstract: Enterprises prioritizing social issues over profit maximization can lead to value co-creation, especially in marginalized and unprivileged communities. In this regard, this paper explores underlying theoretical mechanisms that tie digitalization and value co-creation together for social entrepreneurship's development. The article aims to identify how digitalization enables value co-creation for social enterprises. We conduct multiple case studies, have 11 in-depth face-to-face interviews with social entrepreneurs from Azerbaijan and synthesize the findings from primary and secondary data. As a result, we reveal that digitalization enables value co-creation for social entrepreneurship through a new phenomenon, which we call Data-driven Social Co-creation (DSC), and its subcategories such as efficiency, resource mobilization, feedback loops and data utilization. Finally, we recommend the DSC framework which shows the relationship between digitalization and value co-creation in social entrepreneurship, and which is the main theoretical contribution to the social entrepreneurship literature. Additionally, we provide a research agenda on the respective research field.
Journal: Society and Economy. In Central and Eastern Europe ǀ Journal of the Corvinus University of Budapest
- Issue Year: 46/2024
- Issue No: 4
- Page Range: 423-440
- Page Count: 18
- Language: English