The literature dealing with Business Models has considerably grown; however, most research takes place in large for-profit organisations in western settings, rather than small–medium enterprises (SMEs) with social goals. This presentation will illustrate an alternative way of thinking about business models for SMEs by integrating social innovation into its societal fabric.
The talk will be informed by a in-depth qualitative research operated in the north of Vietnam showing that practices implemented by small family businesses suggest the emergence of a new way of using business models. This presentation will introduce this new societal business model that provides a strategic framework for enhancing social innovation for SMEs by helping them to take into consideration the societal outcome of their business with the ultimate goal to create and capture economic, social, cultural and ecological values. Such new business model will then be discussed through the lens of the Fraser Valley socio-economic environment.
Prof. Christophe Schinckus is the Dean, Faculty of Professional Studies and the Director of the School of Business at the University of the Fraser Valley, Canada. He is also an Honorary Professor at the University of Leicester (UK). He holds undergraduate degrees in Engineering and Management, and Computer Science; Master’s degrees in Engineering and Management; Financial Risk Management; Philosophy of Science; and Economic Epistemology. He finished his first PhD in Economics in 2009 from the University of Paris I – Pantheon Sorbonne (France) and his second PhD in the Philosophy of Science from the University of Cambridge (UK). Chris has taught at several universities around the world such as the University of Quebec at Montreal, LSE, and University of Leicester in the United Kingdom, and in Australia, Vietnam, and Malaysia. He is a Certified Expert in Digital Finance (CEDF) from the Frankfurt School of Finance & Management and is a Senior Fellow of the British Higher Education Academy (SFHEA). Chris’s research deals with Econophysics, Physics applied to Finance; FinTech & Cryptocurrencies; Energy and Economics, Social Finance, Anthropocene and Finance, Epistemology of Finance and more generally with all aspects of epistemic post-modernism. He has published more than 130 papers in peer-reviewed journals and a book on Econophysics published by Oxford University Press. Chris has been listed in the Stanford University database listing the World’s top 2% scientists for the year 2020. Prof. Schinckus has also worked as a research consultant for JPMorgan, Suez Gaz de France, and the African Development Bank.