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RESEARCH PRODUCT

The Origins of Social Ventures

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This chapter addresses the social venture as a form of organization that has a role in the current society. In an economy based on markets, the intervention of multiple actors by itself—like governments, social movements, charity, and social ventures—cannot ensure the mechanisms necessary to the proper working of the system. In this way, markets present a set of failures and externalities that government action tries to solve. However, government action is limited due to a set of circumstances. Social movements and charity emerge to overcome the government’s limitations. Social entrepreneurship, as the last organization analyzed in this chapter, arises when social movements and charities fail.