Please use this identifier to cite or link to this item: http://library.ediindia.ac.in:8181/xmlui//handle/123456789/89
Title: Manager, Entrepreneur and Leader: A Quest for Possible Convergence of Functions in the Promotion of Social Business
Authors: Datta, Samar K
Chakrabarti, Milindo
Keywords: Entrepreneurship
Issue Date: 18-Feb-2015
Publisher: Bookwell Delhi
Series/Report no.: Eleventh Biennial Conference;S.No. 78
Abstract: In the absence of a unique theory of entrepreneurship or leadership, an attempt is being made to apply several modern tools and concepts of economics - namely, rent-seeking versus profit-seeking, collective action theory and Coase Theorem to redefine the observed roles of these important economic agents. While all three are found to be engaged in collective action process to achieve some common goals of their stakeholders, this process tends to be broader in terms of scale and scope as a manager goes up the ladder to assume the role of an entrepreneur or even a leader. While a manager manages only a limited number of stakeholders to maximize private profits, the collective action process becomes broader and dynamic in the hands of entrepreneurs bringing in periodic innovations to start up new business or significantly renew an existing business. An entrepreneur becomes a leader when he involves a social process bringing in fresh stakeholders to internalize possible negative externalities and redefine property rights across broader group to maximize the value of their common assets. Leadership thus tends to go beyond supernormal profits or private rent earning to maximize long run profits of a larger group of stakeholders. Using examples from India, this paper shows how collective action theory as well as the Coasian negotiation process can work hand in hand to elevate a manager to the level of an entrepreneur and beyond to produce business leaders, who can convert private business into a social business.
Description: Social Entrepreneurship
URI: http://hdl.handle.net/123456789/89
ISBN: 9789380574783
Appears in Collections:Social Entrepreneurship

Files in This Item:
File Description SizeFormat 
Ch. 78 (773-781).pdf
  Restricted Access
92.21 kBAdobe PDFView/Open Request a copy


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.