36 - Creating Nonprofit Ventures: The Shocking Revelations You Need to Know!

Paper APA Citation:
Shepherd, D. A., & Patzelt, H. (2024). What About Me? An Essay on Creating Nonprofit Ventures. Entrepreneurship Theory and Practice.
‌Paper Available at: doi.org/10.1177/10422587241254064
Thanks to Entrepreneurship Theory and Practice (ETP) to make this paper open access. ETP is an ABDC A* and FT50 listed academic journal.
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Paper Summary
The editorial essay "What About Me? An Essay on Creating Nonprofit Ventures" published by Entrepreneurship Theory and Practice emphasizes the importance of exploring the creation and operation of nonprofit ventures in entrepreneurship research. While extensive knowledge exists about for-profit ventures, understanding the distinct processes and challenges related to nonprofit ventures is crucial. The authors advocate for investigating how initiating, engaging, and performing nonprofit venturing differs from for-profit activities. Scholars are urged to delve into unique characteristics of nonprofit entrepreneurs and their ventures, such as motives, decision-making processes, resource acquisition, and performance evaluation, which may differ significantly from those of for-profit counterparts. The essay suggests focusing on key aspects of nonprofit venturing, such as organizational models, resource acquisition, volunteer management, commitment, innovation, and measuring performance based on social impact. The discussion underscores the need for developing new theoretical frameworks that capture the complexities of nonprofit entrepreneurship and contribute to addressing societal challenges effectively. By exploring the nuances of nonprofit ventures and enriching entrepreneurship theory with diverse perspectives, scholars can advance the field and contribute to creating a more comprehensive understanding of venture creation in both profit-driven and social contexts.
Keywords
Entrepreneurship, Nonprofit ventures, Venture creation, For-profit ventures, Social entrepreneurship, Entrepreneurial endeavors, Philanthropy, Innovation, Venture performance, Social impact, FT50, ETP, AI Paper Reader, AIPR
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