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Lookup NU author(s): Professor Noemi SinkovicsORCiD
This work is licensed under a Creative Commons Attribution 4.0 International License (CC BY 4.0).
Purpose – This paper has two interconnected objectives. The first is to provide a reconceptualisation of social value creation as social constraint alleviation. The second is to respond to the call put forward by Giuliani and Macchi (2014) to produce synergies between bodies of literature exploring the development impact of businesses. The paper focuses on ideas from the global value chain/global production networks (GVC/GPN), business and human rights, corporate social responsibility (CSR), international business (IB) and (social) entrepreneurship literatures. Design/methodology/approach – The paper offers a reconceptualisation of social value creation by building on the synergies, complementarities, and limitations of existing concepts identified through the literature review. Findings – The reconceptualisation of social value creation put forward in this paper contributes to the literature in the following way. It offers a useful and clear definition of the term “social” (cf. Devinney, 2009), and it attends to the limitations of the constraint concept as put forward by Ted London and his collaborators (eg. London, 2011). Furthermore, it sketches out the basic ideas of a two-system approach to allow for the differentiation between symptom treatment and root cause alleviation. Finally, it offers a refinement of Wettstein’s (2012) proposed capability-based remedial action concept. The paper furthermore proposes that there are three distinct ways in which businesses generally respond to social constraints. Originality/value – The paper illustrates how the redefined concept of social value creation can connect different bodies of literature and help make sense of existing empirical results, without engaging in definitional debates.
Author(s): Sinkovics N, Sinkovics RR, Hoque S, Czaban L
Publication type: Article
Publication status: Published
Journal: Critical Perspectives on International Business
Year: 2015
Volume: 11
Issue: 3/4
Pages: 340-363
Online publication date: 06/07/2015
Acceptance date: 19/02/2015
Date deposited: 09/09/2024
ISSN (print): 1742-2043
ISSN (electronic): 1758-6062
Publisher: Emerald Publishing Limited
URL: https://doi.org/10.1108/cpoib-06-2014-0036
DOI: 10.1108/cpoib-06-2014-0036
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