Comparison of Lithuanian, Italian and British social business models

Žaneta Simanavičienė, Virgilijus Dirma, Larisa Kapranova, Dominyka Beniušytė, Artūras Simanavičius

Research output: Contribution to journalArticle

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Abstract

Daily life in the world is accompanied by a variety of global social problems such as discrimination, ignorance, suicides, poverty, hunger, environmental pollution and several others frequently caused by human beings. These have been particularly exacerbated by the recent and arguably ongoing economic crisis. Traditional global market makers and participants are gradually getting involved in the creation of social welfare while acting in a socially responsible manner, however, such actions are often led by a certain "fashion" or public pressure. Social entrepreneurship is cited as one of those alternatives. This business model is driven by the desire to have social impact, it is one of the main tools being used as a response to fight against growing social exclusion and unemployment, dealing with sensitive regional problems. According to European Commission, one of four start-ups each year is a social business company. It is being championed as a new opportunity to reduce inequality and exclusion so as to encourage economic growth. However, although social entrepreneurship has won the attention of scientists, its inconsistent theoretical basis and very limited perception are widely argued. It is claimed that poor perception of the social business model is a major barrier to the development of such entrepreneurship in Europe. Lithuania is mentioned as one of seven countries where social entrepreneurship development lags behind and, therefore, isnot involved in most of comparative reports of European countries. Accordingly, a lack of concrete data about this business model development and perception in Lithuania and its comparability with other countries is noted. The main object - Lithuanian, Italian and British social business models.. The aim of article - compared Lithuanian, Italian and British social business models. The main results of study. Social entrepreneurship creates 6% of GDP in Europe. There is about 2 million social companies in the European Union which employ more than 2,06% of the active population workforce, most of which are men. An empirical study of Lithuanian population perception and awareness about social enterprises stressed that a great number of residents do not know anything about the existence of these social models. Those that know often tend to confuse it with other social business models or the social business model itself. Given the low level of population awareness about social enterprises there arises a need of awareness promotion.
LanguageEnglish
Pages97-110
Number of pages14
JournalMontenegrin Journal of Economics
Volume13
Issue number1
DOIs
StatePublished - 2017

Fingerprint

Business model
Social entrepreneurship
Lithuania
Social enterprise
Start-ups
Lag
Economic growth
Entrepreneurship development
Social problems
Residents
Workforce
Model development
European countries
Entrepreneurship
Discrimination
Economic crisis
European Union
Global market
Suicide
Hunger

Keywords

  • social business
  • comparison of social business models
  • a social entrepreneur
  • social economy
  • social companies

Cite this

Comparison of Lithuanian, Italian and British social business models. / Simanavičienė, Žaneta ; Dirma, Virgilijus ; Kapranova, Larisa ; Beniušytė, Dominyka ; Simanavičius, Artūras .

In: Montenegrin Journal of Economics, Vol. 13, No. 1, 2017, p. 97-110.

Research output: Contribution to journalArticle

Simanavičienė, Ž, Dirma, V, Kapranova, L, Beniušytė, D & Simanavičius, A 2017, 'Comparison of Lithuanian, Italian and British social business models' Montenegrin Journal of Economics, vol. 13, no. 1, pp. 97-110. DOI: 10.14254/1800-5845/2017.13-1.7
Simanavičienė Ž, Dirma V, Kapranova L, Beniušytė D, Simanavičius A. Comparison of Lithuanian, Italian and British social business models. Montenegrin Journal of Economics. 2017;13(1):97-110. Available from, DOI: 10.14254/1800-5845/2017.13-1.7
Simanavičienė, Žaneta ; Dirma, Virgilijus ; Kapranova, Larisa ; Beniušytė, Dominyka ; Simanavičius, Artūras . / Comparison of Lithuanian, Italian and British social business models. In: Montenegrin Journal of Economics. 2017 ; Vol. 13, No. 1. pp. 97-110
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