Social enterprises entrepreneur and social impacts to community: a review paper

Numerous prior studies claimed that social enterprises had a beneficial effect (social impact) on addressing society's social problems. However, there is little evidence to support that statement. How well is this enterprise able to give an impact on solving social problems? Does it have any in...

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Main Authors: Mohd Rizal Palil, Norul Syuhada Abu Hassan, Nur Aaina Aqilah Jamaluddin, Ida Suriya Ismail, Mas Ervina Samsuddin
Format: Article
Language:English
Published: Penerbit Universiti Kebangsaan Malaysia 2023
Online Access:http://journalarticle.ukm.my/21523/1/Social%20Enterprises%20Entrepreneur%20And%20Social%20Impacts%20To%20Community%20A%20Review%20Paper.pdf
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Institution: Universiti Kebangsaan Malaysia
Language: English
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spelling my-ukm.journal.215232023-05-05T01:08:42Z http://journalarticle.ukm.my/21523/ Social enterprises entrepreneur and social impacts to community: a review paper Mohd Rizal Palil, Norul Syuhada Abu Hassan, Nur Aaina Aqilah Jamaluddin, Ida Suriya Ismail, Mas Ervina Samsuddin, Numerous prior studies claimed that social enterprises had a beneficial effect (social impact) on addressing society's social problems. However, there is little evidence to support that statement. How well is this enterprise able to give an impact on solving social problems? Does it have any indicators that can prove the validity of its social impact? Therefore, this study aims to explore the literature review on social enterprise and their social impact, as well as to identify a few measurements to assess the social impact. Hence, the writing of this article was conducted based on reviewing the published literature including articles and journals which are relevant to the topic that can be accessed through online databases. Scopus, Science Direct and Google Scholar have been used for searching the articles needed. The search terms include "social enterprise" OR "social business" OR "social entrepreneurship” AND "Social impact" OR "measuring impact" OR "social impact measurement". This conceptual paper was motivated to get a deeper understanding of the social impact measurement employed by social enterprises. From the discussion, we have clearly defined the definition of social impact from different perspectives, including the importance of measuring the social impact among social enterprises has also been discussed briefly. Reviewed articles revealed that there is a wide range of methods for measuring social impact but in this article, we are focusing on three approaches only there are: balanced scorecard (BSC), social return on investment (SROI), and cost-benefit analysis (CBA) in this paper. This study summarises that measuring the social impact is becoming an essential determination for social enterprises as the key indicators of their performance to the communities or to the potential investors or funders. The study also suggests recommending further study of the social impact measurements that need to be discussed in depth and detail. This study's hope can attract more academicians to stimulate more research on this topic, specifically in measuring methods from Malaysia's perspective. The implication of this study forms a clear understanding of the social impact and a few of the measurements that can be used in measuring the impact of social enterprise. Penerbit Universiti Kebangsaan Malaysia 2023 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/21523/1/Social%20Enterprises%20Entrepreneur%20And%20Social%20Impacts%20To%20Community%20A%20Review%20Paper.pdf Mohd Rizal Palil, and Norul Syuhada Abu Hassan, and Nur Aaina Aqilah Jamaluddin, and Ida Suriya Ismail, and Mas Ervina Samsuddin, (2023) Social enterprises entrepreneur and social impacts to community: a review paper. e-Bangi Journal of Social Sciences & Humanities, 20 (1). pp. 46-54. ISSN 1823-884x https://ejournal.ukm.my/ebangi/index
institution Universiti Kebangsaan Malaysia
building Tun Sri Lanang Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Kebangsaan Malaysia
content_source UKM Journal Article Repository
url_provider http://journalarticle.ukm.my/
language English
description Numerous prior studies claimed that social enterprises had a beneficial effect (social impact) on addressing society's social problems. However, there is little evidence to support that statement. How well is this enterprise able to give an impact on solving social problems? Does it have any indicators that can prove the validity of its social impact? Therefore, this study aims to explore the literature review on social enterprise and their social impact, as well as to identify a few measurements to assess the social impact. Hence, the writing of this article was conducted based on reviewing the published literature including articles and journals which are relevant to the topic that can be accessed through online databases. Scopus, Science Direct and Google Scholar have been used for searching the articles needed. The search terms include "social enterprise" OR "social business" OR "social entrepreneurship” AND "Social impact" OR "measuring impact" OR "social impact measurement". This conceptual paper was motivated to get a deeper understanding of the social impact measurement employed by social enterprises. From the discussion, we have clearly defined the definition of social impact from different perspectives, including the importance of measuring the social impact among social enterprises has also been discussed briefly. Reviewed articles revealed that there is a wide range of methods for measuring social impact but in this article, we are focusing on three approaches only there are: balanced scorecard (BSC), social return on investment (SROI), and cost-benefit analysis (CBA) in this paper. This study summarises that measuring the social impact is becoming an essential determination for social enterprises as the key indicators of their performance to the communities or to the potential investors or funders. The study also suggests recommending further study of the social impact measurements that need to be discussed in depth and detail. This study's hope can attract more academicians to stimulate more research on this topic, specifically in measuring methods from Malaysia's perspective. The implication of this study forms a clear understanding of the social impact and a few of the measurements that can be used in measuring the impact of social enterprise.
format Article
author Mohd Rizal Palil,
Norul Syuhada Abu Hassan,
Nur Aaina Aqilah Jamaluddin,
Ida Suriya Ismail,
Mas Ervina Samsuddin,
spellingShingle Mohd Rizal Palil,
Norul Syuhada Abu Hassan,
Nur Aaina Aqilah Jamaluddin,
Ida Suriya Ismail,
Mas Ervina Samsuddin,
Social enterprises entrepreneur and social impacts to community: a review paper
author_facet Mohd Rizal Palil,
Norul Syuhada Abu Hassan,
Nur Aaina Aqilah Jamaluddin,
Ida Suriya Ismail,
Mas Ervina Samsuddin,
author_sort Mohd Rizal Palil,
title Social enterprises entrepreneur and social impacts to community: a review paper
title_short Social enterprises entrepreneur and social impacts to community: a review paper
title_full Social enterprises entrepreneur and social impacts to community: a review paper
title_fullStr Social enterprises entrepreneur and social impacts to community: a review paper
title_full_unstemmed Social enterprises entrepreneur and social impacts to community: a review paper
title_sort social enterprises entrepreneur and social impacts to community: a review paper
publisher Penerbit Universiti Kebangsaan Malaysia
publishDate 2023
url http://journalarticle.ukm.my/21523/1/Social%20Enterprises%20Entrepreneur%20And%20Social%20Impacts%20To%20Community%20A%20Review%20Paper.pdf
http://journalarticle.ukm.my/21523/
https://ejournal.ukm.my/ebangi/index
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