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• W3120388624 abstract "As more non-profits embrace social enterprise, it is important to examine the role social enterprise plays in society. Market failure is the prevailing economic theory explaining non-profits’ existence, and applies to social enterprise. However, market failure theory presents a contradiction: how can social enterprise activities address market failures if they use the market-based strategies that led to that failure? We resolve this contradiction by identifying two responses to market failure: market reallocation and market mending. We examine how these responses align with social enterprise and non-profit conceptions. We discuss implications for strategy, public policy, and research." @default.
• W3120388624 created "2021-01-18" @default.
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• W3120388624 date "2021-01-03" @default.
• W3120388624 modified "2023-10-01" @default.
• W3120388624 title "Responding to failure: the promise of market mending for social enterprise" @default.
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• W3120388624 doi "https://doi.org/10.1080/14719037.2020.1865438" @default.
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