Abstract
Recent advances in research have shed light on why and how community-based enterprises (CBEs) emerge. Nevertheless, little is known about the underlying factors that contribute to their success over time. This lack of attention is intriguing, given CBEs’ widespread proliferation as an instrument for socioeconomic development. We contribute to the CBE literature by applying and extending socioemotional wealth (SEW) to the CBE context. Our findings demonstrate how the presence of community socioemotional wealth (CSEW) enables CBEs to achieve enduring success. Beyond the presence of SEW's five traditional dimensions, we identify two new dimensions (empowerment and holistic mission) unique to CBEs. When jointly present, these seven dimensions explain how CSEW creates a favorable terrain for the CBE to succeed.
| Original language | English |
|---|---|
| Pages (from-to) | 416-438 |
| Number of pages | 23 |
| Journal | Journal of Management Inquiry |
| Volume | 34 |
| Issue number | 4 |
| Early online date | 14 Nov 2024 |
| DOIs | |
| Publication status | Published - Oct 2025 |
Bibliographical note
Copyright © The Author(s) 2024. This article is distributed under the terms of the Creative Commons Attribution 4.0 License (https://creativecommons.org/licenses/by/4.0/) which permits any use, reproduction and distribution of the work without further permission provided the original work is attributed as specified on the SAGE and Open Access page (https://us.sagepub.com/en-us/nam/open-access-at-sage).Keywords
- community-based enterprises
- developing countries
- entrepreneurship
- indigenous communities
- socioemotional wealth
- Colombia
- rural development