For What it is Worth: Social Value and the Future of Social Entrepreneurship

Abstract All entrepreneurs try to create value. Whatever their business, value is their stock in trade. For entrepreneurs in the commercial sector, there are well-established methods for determining how much value they make. It is also clear who does the valuing. At least in the economies driven by international capital markets, the owners of capital and their agents determine business worth. None of their methods is perfect. All of them rely on the considerable exercise of judgement. But at least commercial entrepreneurs can expect to participate in shared assumptions and shared processes of valuation (e.g. looking at price/earnings ratios). Whatever other sorts of value businesses create as they go about their work, the financial profit, the traditional bottom line, is accepted as the most important measure of value.

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