An Extended LBWA Framework in Picture Fuzzy Environment Using Actual Score Measures Application in Social Enterprise Systems

An Extended LBWA Framework in Picture Fuzzy Environment Using Actual Score Measures Application in Social Enterprise Systems

Sanjib Biswas (Calcutta Business School, India), Shuvendu Majumder (Calcutta Business School, India), Dragan Pamucar (University of Defence in Belgrade, Serbia) and Suman Kumar Dawn (Calcutta Business School, India)
Copyright: © 2021 |Pages: 32
DOI: 10.4018/IJEIS.2021100103
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Abstract

Level-based weight assessment (LBWA) model is a recently introduced algorithm for determining criteria weights for multi-criteria group decision making. In this paper, the authors aim to extend the basic framework of LBWA in the picture fuzzy (PF) environment using actual score (AS) measures of the picture fuzzy numbers (PFN). They apply this extended framework in addressing a real-life problem pertaining to social entrepreneurship or social entrepreneurs (SE) in the context of COVID-19. They endeavor to identify the critical challenging factors of SE in the new normal. They list the challenges as revealed through literature review and take the opinion of a group of SEs using PF linguistic scale. They then apply the proposed framework, actual score-based picture fuzzy LBWA. They notice that ability to withstand disruption risk and show resilience and fund availability and creation of a supporting business ecosystems are the major challenges that SEs face in the new normal. They carry out validity checking and sensitivity analysis, which show reasonable consistency and stability in the result.
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1. Introduction

The society acts as a backbone to the growth and reform of any nation and human capital development. Organizations also get benefitted from societal developments. Thus, organizations and policymakers worldwide have been increasingly emphasizing addressing the issues like wage rationalization, poverty prevention, health and hygiene, a shelter for all, education to all, food, and nutrition towards society's development (Doherty et al., 2014). The concept of social entrepreneurship (SE) first came into existence in the 1960s and 1970s, and subsequently, Bill Drayton of Ashoka (a leading global association of social entrepreneurs) first used the term SE publicly. Since then, SE has been a growing field of research and practice (Gupta et al., 2020; Kannampuzha & Hockerts, 2019; Rey-Martí et al., 2016). Various researchers and academicians have defined SE in different ways, which have contributed significantly to the stated field's evolution. In this context, it is essential to establish the interrelatedness of SE with social enterprises. Peredo & McLean (2006) have viewed social enterprises as a connected flow of activities grounded on SE. Considering this similarity, in this paper, we use the terms social enterprise and social entrepreneurship interchangeably, denoted by SE.

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