Creating social impact: A critical outlook on social entrepreneurship education

Abstract

Drawing on social cognitive theory, we critically argue that the current focus of social entrepreneurship academic programmes on ‘venture creation’ limits graduates' potential to create a lasting social impact. We identify four specific limitations in that direction. We propose a novel framework that addresses the identified limitations and provides a mechanism for creating lasting social impact. Our central thesis is that a majority of the students may be ill-prepared to lead ventures upon their graduation. Thus, we propose that academic institutions should focus on nurturing both entrepreneurial and intrapreneurial mindsets, thereby fostering the creation of social ventures and impact-driven organisations, respectively.