2011 Awards for Excellence

Citation

(2012), "2011 Awards for Excellence", Social Enterprise Journal, Vol. 8 No. 1. https://doi.org/10.1108/sej.2012.37308aaa.002

2011 Awards for Excellence

Article Type: 2011 Awards for Excellence From: Social Enterprise Journal, Volume 8, Issue 1

The following article was selected for this year's Outstanding Paper Award for Social Enterprise Journal

``Conceptualising ethical capital in social enterprise''

Mike BullMancheser Metropolitan University, Manchester, UK

Rory Ridley-DuffSheffield Hallam University, Sheffield, UK

Doug FosterUniversity of Surrey, Guildford, UK

Pam SeanorSheffield Hallam University, Sheffield, UK

Purpose - In popular culture, ethics and morality are topical, heightened by recent attention to the banking industry and pay awards, monopoly capitalism, global warming and sustainability. Yet, surprisingly, little attention is given to these in the narrative of the conceptualisation of social enterprise or social entrepreneurship - nor in the academic research on the sector. Current conceptualisations of social enterprise fail to fully satisfy the spirit of the movement which advances a narrative that social enterprises: are more like businesses than voluntary organisations; are more entrepreneurial than public service delivery; use business models but are not just in it for the money. A focus on the economic implies a business model where deep tensions lie. A focus on social capital offers a different frame of reference, yet both these conceptualisations fail to fully identify the phenomenon that is social enterprise. The objective of this paper is to fill that gap. Ethical capital is offered here as an alternative and unrecognised conceptualisation in the field of social enterprise.

Design/methodology/approach - This paper is exploratory in nature - a tentative piece of theorising that brings together the authors' perspectives on ethical capital to offer a newframe of reference on social enterprise. It sets out to investigate some of the issues in order to provoke further research.

Findings - It is argued in the paper that the current ideology of the neo-classical economic paradigm pursues interests towards the self and towards the erosion of the moral basis of association. The outcome leaves society with a problem of low ethical virtue. The implications of this paper are that social enterprises maximise ethical virtue beyond any other form of organisation and as such hold great value beyond their missions and values.

Research limitations/implications - This paper starts the process of intellectual debate about the notion of ethical capital in social enterprises. The conclusions of this paper outline further research questions that need to be addressed in order to fully develop this concept.

Originality/value - This paper offers great value in the understanding of social enterprise through fresh insight into its conceptualisation. A critical perspective is adopted towards the current literature. This paper sheds new light on an understanding of the sector, providing practitioners, business support agencies and academics alike with a conceptualisation that has not been explored before.

Keywords Business ethics, Social capital, Non-profit organizations

www.emeraldinsight.com/10.1108/17508611011088832

This article originally appeared in Volume 6 Number 3, 2010, pp. 250-264, Social Enterprise Journal

The following articles were selected for this year's Highly Commended Award

``The governance of fair trade social enterprises in Belgium''

Benjamin Huybrechts

This article originally appeared in Volume 6 Number 2, 2010, Social Enterprise Journal

``Governance, entrepreneurship and effectiveness: exploring the link''

Monica C. Diochon

This article originally appeared in Volume 6 Number 2, 2010, Social Enterprise Journal

``Speke: a view of regeneration in a localized third sector setting''

Robbie Davison

This article originally appeared in Volume 6 Number 1, 2010, Social Enterprise Journal

Outstanding Reviewers

Professor Jacques DefournyUniversity of Liege, Belgium

Mike BullManchester Metropolitan University, UK