ABSTRACT

This paper reviews exit strategies for social venturing entrepreneurs. Exit is important for social venture entrepreneurs because they do not intend to stay in perpetuity in businesses they establish in the countries and communities where such businesses are set up. The paper, factoring in the two motives of social impact and financial returns, argues that social venture entrepreneurs who follow traditional business and entrepreneurship exit strategies may miss the very mission under which they establish such a business. A conclusion drawn from a literature and practitioners’ model is that a “hybrid” of business entrepreneurship and project-based exit criteria could be a best fit exit approach for such entrepreneurs, especially those who invest in sub-Sahara Africa. Data for this paper were collected by means of a normative case study approach.

摘要

本文回顾了社会风险企业家的退出策略。退出对于社会风险企业家来说很重要，因为他们不打算永久留在他们在这些企业设立的国家和社区建立的企业中。该论文将社会影响和财务回报这两个动机考虑在内，认为遵循传统商业和创业退出策略的社会风险企业家可能会错过他们建立此类企业的使命。从文献和从业者模型得出的结论是，商业企业家精神和基于项目的退出标准的“混合”可能是此类企业家的最佳退出方式，尤其是那些投资于撒哈拉以南非洲的企业家。本文的数据是通过规范的案例研究方法收集的。