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Open Access
Article
Publication date: 23 December 2020

Mohamed Asmy Mohd Thas Thaker, Md Fouad Amin, Hassanudin Mohd Thas Thaker, Ahmad Khaliq and Anwar Allah Pitchay

The present paper aims to propose a viable alternative model for human capital development (HCD), termed as the integrated cash waqf micro enterprises investment (ICWME-I) model…

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Abstract

Purpose

The present paper aims to propose a viable alternative model for human capital development (HCD), termed as the integrated cash waqf micro enterprises investment (ICWME-I) model, which is expected to contribute to the development of micro enterprises in Malaysia.

Design/methodology/approach

This is a conceptual paper for the development of the ICWME-I model. It is purely qualitative in nature, using content analysis. It comprehensively reviews the literature related to HCD issues faced by micro enterprises and existing studies related to cash waqf (Islamic endowment) to construct the ICWME-I model.

Findings

The proposed ICWME-I model is specially designed for HCD of micro enterprises. It is an appropriate initiative to upgrade micro enterprises through HCD programmes by ensuring proper utilization of cash waqf funds to build modern training centres at subsidized costs with state-of-the-art facilities. The training centres would subsidize the participation fees of micro enterprises and provide them with facilities to undertake education and training programmes, as well as other kinds of activities for upgrading, improving and enhancing human capital capacity and skills of micro enterprises. The potential challenges of the ICWME-I model are also highlighted in this study.

Research limitations/implications

This paper attempts to construct the ICWME-I model based on an extensive review of literature related to micro enterprises, cash waqf and HCD. Among its major limitations is the fact that the ICWME-I model is not empirically validated and tested in this research. This can be carried out in future studies.

Practical implications

The present study could have an enormous impact on micro entrepreneurs via HCD programmes. The most important impact would be on government budgets, as this ICWME-I model is expected to generate its own funds from cash waqf for micro enterprises’ HCD.

Originality/value

This paper brings forward an original and viable model to develop human capital for micro enterprises development. This model involves the building of training centres using cash waqf raised from donors.

Details

ISRA International Journal of Islamic Finance, vol. 13 no. 1
Type: Research Article
ISSN: 0128-1976

Keywords

Abstract

Details

Shaping Social Enterprise
Type: Book
ISBN: 978-1-78714-251-0

Article
Publication date: 9 December 2019

Joost Willem Backer

This paper aims to provide a qualitative country case study of The Netherlands, adopting the macro-institutional social enterprise (MISE) framework as developed by Kerlin (2009…

Abstract

Purpose

This paper aims to provide a qualitative country case study of The Netherlands, adopting the macro-institutional social enterprise (MISE) framework as developed by Kerlin (2009, 2013, 2017). The research question is twofold: How does the institutional context shape the social enterprise country model in The Netherlands, and To what extent can the MISE framework be a useful tool in explaining this dynamic between the institutional context and social enterprise country model?

Design/methodology/approach

This research applies the MISE framework developed by Kerlin (2017), which is founded upon the historical institutionalist approach.

Findings

The analysis of the institutional context in The Netherlands shows that the country context shares most traits with the autonomous diverse model. Its institutional environment should however be more enabling for the development of social enterprises. This discrepancy is explained through the notion of political will, resulting in the suggestion that the historical institutionalist approach of the MISE framework could be expanded by a greater focus on political will.

Research limitations/implications

To investigate the Dutch social enterprise country model, this paper principally relies on external sources, including surveys (McKinsey, 2016; PwC, 2016; Social Enterprise NL, 2015; 2016; 2018). This is problematic due to its subjective nature, small population size used and potential conceptual misfit with the definitions used in this research.

Practical implications

For academia, this paper enhances the understanding of the relations between the institutional environment and social enterprise by adding a case study of The Netherlands to the body of research around the MISE framework. Furthermore, the paper suggests to enhance the historical institutionalist approach of the MISE framework with a greater focus on political will. For advocates of social enterprises in The Netherlands, including policymakers, this paper may add to their understanding of the current developments around social enterprise in The Netherlands and possibly enhance their effectiveness of advocating for policies that are conducive to the development of social enterprises.

Originality/value

This research is the first in applying a universally applicable theoretical framework to the context of The Netherlands. For scholars of social enterprise in The Netherlands, it provides a comprehensive overview of developments of social enterprise in the country over recent years, as well as a thorough analysis of the current state of affairs. For international scholars of social enterprise, this research provides a case of comparison with other countries, taking into account all main institutions that shape a country and social enterprise in that country. For scholars of the MISE framework, this research offers an additional country case study that further helps improve the framework.

Details

Social Enterprise Journal, vol. 16 no. 1
Type: Research Article
ISSN: 1750-8614

Keywords

Article
Publication date: 23 March 2012

Robert Smith

Socio‐economic decline in rural areas is a pervasive and debilitating phenomenon in terms of regional development, particularly when former models of economic growth which once…

Abstract

Purpose

Socio‐economic decline in rural areas is a pervasive and debilitating phenomenon in terms of regional development, particularly when former models of economic growth which once stimulated business generation and regeneration can no longer be counted on to do so. In these austere times, models of social and community enterprise are becoming more important. This corresponds to the emergence of theories of community‐based entrepreneurship and social enterprise as explanatory variables. Such theories are used to label enterprising behaviour enacted within our communities, even when the theoretical arguments underpinning these re‐conceptualisations require to be stretched to permit this. Often the resultant explanations are not entirely convincing. The purpose of this paper is to challenge existing conceptualisations of community‐based entrepreneurship and social enterprise.

Design/methodology/approach

Using a case study methodology, the paper reports on the activities of the Buchan Development Partnership (BDP) – a community‐based project situated in the Buchan area of Aberdeenshire, Scotland – demonstrating how individual and community enterprise can be utilized to develop enterprising individuals and communities by growing enterprises organically. The case articulates this process, as it occurred in a rural development partnership using a narrative‐based case study methodology to examine activities and growth strategies.

Findings

The case bridges issues of entrepreneurship, entrepreneurial process, community and regional development and tells a story of community regeneration through the process of “Community Animateurship”.

Research limitations/implications

Research, practical and social implications are discussed but in particular the need to adopt a more holistic “bottom up” approach.

Originality/value

This case challenges existing conceptualisations of community‐based entrepreneurship and social enterprise.

Details

Journal of Enterprising Communities: People and Places in the Global Economy, vol. 6 no. 1
Type: Research Article
ISSN: 1750-6204

Keywords

Article
Publication date: 1 December 2021

Weige Yang, Yuqin Zhou, Wenhai Xu and Kunzhi Tang

The purposes are to explore corporate financial management optimization in the context of big data and provide a sustainable financial strategy for corporate development.

Abstract

Purpose

The purposes are to explore corporate financial management optimization in the context of big data and provide a sustainable financial strategy for corporate development.

Design/methodology/approach

First, the shortcomings of the traditional financial management model are analyzed under the background of big data analysis. The big data analytic technology is employed to extract financial big data information and establish an efficient corporate financial management model. Second, the deep learning (DL) algorithm is applied to implement a corporate financial early-warning model to predict the potential risks in corporate finance, considering the predictability of corporate financial risks. Finally, a corporate value-centered development strategy based on sustainable growth is proposed for long-term development.

Findings

The experimental results demonstrate that the financial early-warning model based on DL has an accuracy of 90.7 and 88.9% for the two-year financial alert, which is far superior to the prediction effect of the traditional financial risk prediction models.

Originality/value

The obtained results can provide a reference for establishing a sustainable development pattern of corporate financial management under the background of big data.

Details

Journal of Enterprise Information Management, vol. 35 no. 4/5
Type: Research Article
ISSN: 1741-0398

Keywords

Article
Publication date: 6 March 2024

Chengcheng Song and Echo Lei Wang

The paper examines the key driving factors behind the rapid and uneven growth of social enterprises in China based on Kerlin’s Macro-Institutional Social Enterprise (MISE) model…

Abstract

Purpose

The paper examines the key driving factors behind the rapid and uneven growth of social enterprises in China based on Kerlin’s Macro-Institutional Social Enterprise (MISE) model of social enterprise development, with an emphasis on testing key local institutional factors.

Design/methodology/approach

The study adopts the quantitative method approach. The hypotheses have been tested based on a cross-regional empirical analysis with two national datasets on China.

Findings

This study shows that among the state, market and civil society, local government support in terms of favorable policies is the sole determinant factor driving China’s social enterprise growth. On the other hand, the market is irrelevant and local civil society impedes social enterprise growth. This demonstrates that the current growth model is the result of government intervention.

Research limitations/implications

The datasets have a limited sample size. We suggest that future studies may collect a larger sample size with more comprehensive information. We think this study will encourage more comparative qualitative studies at the local level to reveal the underlying mechanisms of growth.

Practical implications

Since government policy is the determinant factor, the quality and quantity of government-backed incubation programs and platforms would matter the most for social enterprise growth. Our study also helps social entrepreneurs understand what factors matter when they try to develop social enterprises in China. They are advised to work on aspects of gaining legal legitimacy and political support in order to grow the sector.

Social implications

This conclusion suggests that professionals and practitioners should review the implications of the current growth of social enterprises in China, in terms of their sustainability, given their institutional isolation from other sectors.

Originality/value

Current studies have yet to thoroughly explore the role of meso- and micro-institutional factors in social enterprise development, especially in different contexts. With reference to Kerlin’s framework and the tri-sector model, this paper advances the understanding of social enterprise growth in China.

Details

Management Decision, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0025-1747

Keywords

Article
Publication date: 31 October 2008

Christine Nielsen and Patricia M. Samia

The purpose of this paper is to provide a comprehensive perspective on social enterprise development, leading to enhanced understanding of the bottom of the pyramid (BOP…

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Abstract

Purpose

The purpose of this paper is to provide a comprehensive perspective on social enterprise development, leading to enhanced understanding of the bottom of the pyramid (BOP) marketplace.

Design/methodology/approach

General systems theory is applied to case studies drawn from the Philippines, enabling the authors delineate system actors and their interrelationships, system objectives and strategies, key success factors and outcomes.

Findings

The BOP social enterprise development process can be modeled from a systems perspective. The resulting model provides valuable information to marketing managers and others.

Research limitations/implications

Model development would be enhanced by its adaptation to a broader range of cases, including those involving large national corporations and MNCs in the Philippines and elsewhere.

Practical Implications

Three major implications for marketing managers and others who aspire to serving the BOP marketplace are revealed: BOP consumers and producers are intertwined; there is much to be learned from BOP entrepreneurs who have developed innovative product, pricing, promotion, and distribution strategies for BOP consumers; and cooperation with local businesses, government agencies, NGOs and cooperatives can increase the likelihood of success in the BOP marketplace.

Originality/value

While previous authors have suggested that it is important to understand the complex system in which social enterprise development takes place, little work has been done to fully describe such a system. This study develops the most comprehensive model of the social enterprise development process to date.

Details

Journal of Consumer Marketing, vol. 25 no. 7
Type: Research Article
ISSN: 0736-3761

Keywords

Article
Publication date: 24 October 2008

Kaizhong Yang and Ying Xu

This study aims to test the relationship between city industrial diversity and enterprises development in an urban region, in order to investigate the effect of diversified urban…

613

Abstract

Purpose

This study aims to test the relationship between city industrial diversity and enterprises development in an urban region, in order to investigate the effect of diversified urban environment on the development of urban enterprises and its changing trends.

Design/methodology/approach

The research adopts a quantitative approach and the data are from a data bank of industrial censuses which contains data of all firms in Beijing for three years. All data concerning diversities were counted.

Findings

The main findings of this research are that industrial differences in entrepreneurship activities were mainly related to industrial diversities. Different from the relationship of development of regional enterprises based on the development of regional economy growth, the enterprises development of different industries lies in the intra‐ and inter‐industrial diversities.

Practical implications

Intra‐ and inter‐industrial diversities can contribute to entrepreneurship activities in a region. It is therefore argued that one of the effective ways to boost entrepreneurship is to advance the industrial diversities of a region.

Originality/value

The originality of this research is two‐fold. A modified conceptual framework is proposed to test the relationship between entrepreneurship and diversified industrial structure; it is the first empirical study concerning regional industrial diversities and enterprises in China.

Details

Journal of Small Business and Enterprise Development, vol. 15 no. 4
Type: Research Article
ISSN: 1462-6004

Keywords

Article
Publication date: 9 August 2008

Emmanuel Raufflet, Alain Berranger and Jean‐François Gouin

Over the last decade, several innovative business‐community partnerships have emerged to address simultaneously two pressing development issues: poverty reduction and biodiversity

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Abstract

Purpose

Over the last decade, several innovative business‐community partnerships have emerged to address simultaneously two pressing development issues: poverty reduction and biodiversity conservation. The purpose of this paper is to identify relevant models and to propose a first evaluation of these models in relation to development.

Design/methodology/approach

The models were identified following a literature review and were evaluated using Amartya Sen's definition of poverty.

Findings

The paper identifies two models: the local enterprise model and the global investment model. While the local model relies mainly on local resources, the global investment model includes local and global organizations and institutions. The paper has analyzed the respective impacts of these new business‐community partnerships, including their governance schemes, on communities and ecosystems through the lens of Amartya Sen's definition of poverty and development. The key finding is double. First, both these models are still in their very early stages. Second, the paper has identified the strengths and weaknesses of each of these models: while the global investment model provides access to solid and important financial resources and markets, the local enterprise model emphasizes local empowerment.

Originality/value

This paper reports innovative initiatives and models of governance that could inspire future private sector based approaches to biodiversity conservation and poverty reduction and help build the theoretical bases for such approaches.

Details

Corporate Governance: The international journal of business in society, vol. 8 no. 4
Type: Research Article
ISSN: 1472-0701

Keywords

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