The value added approach of entrepreneurial philanthropy

Abstract

Entrepreneurs add value to society beyond the wealth creation process and the creation of new products and services, through their engagement in philanthropy. The increasing prominence of high net worth entrepreneurs engaging in philanthropy, whose focus is typically on global social problems, is worthy of scholarly attention. Accurate reflections of the current practice of entrepreneurial philanthropy are required, in order for researchers to develop knowledge and understand the phenomenon of entrepreneurial philanthropy. Entrepreneurial philanthropy has emerged from practices of entrepreneurship, and the methods and practices associated with venture capital investment. Any analysis of entrepreneurial philanthropy requires careful consideration of the extent to which the practices and behaviours common to entrepreneurship can easily transfer over to the field of philanthropy