CSR and social entrepreneurship: future global opportunities and challenges in corporate community involvement strategies

Recently businesses and academic researchers alike have displayed increased level of interest in Corporate Social Responsibility (CSR) and social entrepreneurship. In this paper we examine existing models of social enterprise and CSR, which is manifest externally in corporate community involvement. We propose a convergent model of CSR and social entrepreneurship whereby corporate community involvement is studied as the outcome of an interplay between micro, meso and macro levels of institutional activity, driven by corporate venturing initiatives. We suggest that corporations can benefit from developing applicable forms of social enterprise in pursuit of their CSR policies. Equally, social enterprises can incorporate corporate involvement in their funding and operational mechanisms.