An examination of the social economy: some new theoretical insights

Abstract

PurposeThe purpose of this paper is to analyze social profit institutions (SPIs) in the context of the social economy. By drawing on case studies of existing businesses, this paper attempts to situate these businesses more broadly within the social economy.Design/methodology/approachVarious case studies are investigated to illustrate the innovative features of each model through a Lean Canvas tool.FindingsThe findings of the paper provide academics and social entrepreneurs alike more clarity on some of the evolving defining attributes and design features of each of the models SPIs employ.Research limitations/implicationsOne of the future challenges is to devise a framework or categorization system that encompasses all of the new forms of businesses, and hybrids, in a way which reflects their uniqueness and individual design.Practical implicationsIt allows for entrepreneurs in search of a sustainable business model to develop innovative business models and it provides better understanding on how to meet dual objectives.Originality/valueThe paper proposes a definition for SPIs and establishes the importance of classifying SPIs.