Enacting Positive Social Change: A Civic Wealth Creation Stakeholder Engagement Framework

Entrepreneurship is an innovative solution for many businesses, communities, governments, nonprofits, and social innovators to address societal issues, such as poverty and social injustice. Civic wealth creation (CWC) is one type of entrepreneurial change process that engages diverse stakeholders to...

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Bibliographic Details
Published inEntrepreneurship theory and practice Vol. 47; no. 1; pp. 66 - 90
Main Authors Bailey, Ryan C., Lumpkin, G. T.
Format Journal Article
LanguageEnglish
Published Los Angeles, CA SAGE Publications 01.01.2023
SAGE PUBLICATIONS, INC
Subjects
Entrepreneurship
Nonprofit organizations
Poverty
Reinforcement
Social change
Social justice
Stakeholders
Wealth
civic wealth creation
desire
awareness
stakeholder engagement
engagement propensity
ability
reinforcement
change process
knowledge
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Summary:Entrepreneurship is an innovative solution for many businesses, communities, governments, nonprofits, and social innovators to address societal issues, such as poverty and social injustice. Civic wealth creation (CWC) is one type of entrepreneurial change process that engages diverse stakeholders to enact positive social change (PSC). However, resistance to change and low stakeholder engagement often impede efforts to achieve desired outcomes. Because stakeholder theory holds that stakeholders with joint interests create new value when they interact, we propose a stakeholder engagement framework that uses the awareness, desire, knowledge, ability, and reinforcement (ADKAR) change methodology to enhance CWC stakeholders’ propensity to participate in the entrepreneurial change processes that create PSC.
ISSN:1042-2587
1540-6520
DOI:10.1177/10422587211049745