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Creating Hybrid Social Ventures Through Effectuation and Bricolage: The Case of Rec.0

Creating Hybrid Social Ventures Through Effectuation and Bricolage: The Case of Rec.0

Antoni Olive-Tomas, Lucinio Gonzalez-Sabate
Copyright: © 2023 |Pages: 24
ISBN13: 9781668475935|ISBN10: 1668475936|EISBN13: 9781668475942
DOI: 10.4018/978-1-6684-7593-5.ch020
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MLA

Olive-Tomas, Antoni, and Lucinio Gonzalez-Sabate. "Creating Hybrid Social Ventures Through Effectuation and Bricolage: The Case of Rec.0." Research Anthology on Approaches to Social and Sustainable Entrepreneurship, edited by Information Resources Management Association, IGI Global, 2023, pp. 371-394. https://doi.org/10.4018/978-1-6684-7593-5.ch020

APA

Olive-Tomas, A. & Gonzalez-Sabate, L. (2023). Creating Hybrid Social Ventures Through Effectuation and Bricolage: The Case of Rec.0. In I. Management Association (Ed.), Research Anthology on Approaches to Social and Sustainable Entrepreneurship (pp. 371-394). IGI Global. https://doi.org/10.4018/978-1-6684-7593-5.ch020

Chicago

Olive-Tomas, Antoni, and Lucinio Gonzalez-Sabate. "Creating Hybrid Social Ventures Through Effectuation and Bricolage: The Case of Rec.0." In Research Anthology on Approaches to Social and Sustainable Entrepreneurship, edited by Information Resources Management Association, 371-394. Hershey, PA: IGI Global, 2023. https://doi.org/10.4018/978-1-6684-7593-5.ch020

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Abstract

In the abundant literature on social entrepreneurship, little attention is paid to the creation process of hybrid social ventures, beyond the assumptions that they are originated by market failures and are born to alleviate a social problem. Using a qualitative approach based on semi-structured interviews, the authors derive a process model explaining the creation of hybrid social ventures through effectuation and bricolage. They show that these decision-making tools may play a role in the creation process and that the new venture may have the defining characteristics of opportunity creation. They conclude that for a new venture to be created as a hybrid firm, a dual mission-goal with a social problem as the trigger and a financial goal to ensure sustainability are required.

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