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A Realistic Theory of Social Entrepreneurship pp 93–114Cite as

Extending the Realistic Theory to a Dynamic Life Cycle Theory of Social Enterprise

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Abstract

How can the development of microfinance in developed countries (Chapter 3) and in developing countries (Chapter 4) inform theory and make it evolve from a static theory to a more dynamic one? Ashta’s significant contribution in this chapter is to summarize in a theoretical framework, that of the industry life cycle, the different propositions for social entrepreneurship that emanate from a study of microfinance. His first eight propositions came from the static realistic theory, but even some of these are modified, once he includes the discussion of life cycles. The last four propositions are new and come largely by studying the evolution of financial inclusion initiatives in developed countries.

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  1. CEREN, Burgundy School of Business, Dijon, France

    Arvind Ashta

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  1. Arvind Ashta
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Ashta, A. (2020). Extending the Realistic Theory to a Dynamic Life Cycle Theory of Social Enterprise. In: A Realistic Theory of Social Entrepreneurship. Palgrave Pivot, Cham. https://doi.org/10.1007/978-3-030-32142-0_5

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