Developing the Ulū al-Albāb Model for Sustainable Value and Wealth Creation through Social Entrepreneurship

Developing the Ulū al-Albāb Model for Sustainable Value and Wealth Creation through Social Entrepreneurship

This paper explores the development of the Ulū al-Albāb model for sustainable value and creative creation through social entrepreneurship. The Ulū al-Albāb model refers to capitalizing wisdom with a soul through the focus of seeking the Pleasure of Allah (mardhat Allah) through the obligations as se...

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Main Authors: Mhd. Sarif, Suhaimi, Ismail, Yusof
Format: Conference or Workshop Item
Language:English
English
Published: 2013
Subjects:
HF5549 Personnel management
Online Access:http://irep.iium.edu.my/29808/
http://irep.iium.edu.my/29808/1/KLB2129-SUHAIMI-MHD-SARIF-YUSOF-ISMAIL-DEVELOPING-THE-UL%C5%AA-AL-ALB%C4%80B-MODEL-FOR-SUSTAINABLE-VALUE-AND-WEALTH-CREATION-THROUGH-SOCIAL-ENTREPRENEURSHIP.pdf
http://irep.iium.edu.my/29808/2/Evidence_for_KLIBEL2129.pdf
id iium-29808
recordtype eprints
spelling iium-298082013-05-02T04:35:20Z http://irep.iium.edu.my/29808/ Developing the Ulū al-Albāb Model for Sustainable Value and Wealth Creation through Social Entrepreneurship Mhd. Sarif, Suhaimi Ismail, Yusof HF5549 Personnel management This paper explores the development of the Ulū al-Albāb model for sustainable value and creative creation through social entrepreneurship. The Ulū al-Albāb model refers to capitalizing wisdom with a soul through the focus of seeking the Pleasure of Allah (mardhat Allah) through the obligations as servant (‘ibād al-Rahmān) and vicegerent of Allah (khālifah Allah fi al-ard). The study integrates knowledge-based view (KBV) with the Ulū al-Albāb model basis to achieve sustainable value and wealth creation for social enterprises. The primary contribution of this study is the development of model that based on the Ulū al-Albāb into KBV framework as a source to sustain intellectual contribution in terms of dynamism and ability to respond to changes. Knowledge is essential to enable social enterprises to be innovative in terms of producing new products and services to the market. The literature of strategic management and knowledge management suggests that a social enterprise with Ulū al-Albāb model is more innovative and capable of achieving sustainable competitive advantage. However, based on personal interviews with 15 informants, the study observed that social enterprises were keen to adopt Ulū al-Albāb approach due to the business model that emphasises on meeting social and economic ends simultaneously. The informants were convinced with the Ulū al-Albāb approach in sustaining competitive advantage for social enterprises in Malaysia. However, the existing business model needs a minor adjustment to fit the Ulū al-Albāb approach. 2013-04-08 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/29808/1/KLB2129-SUHAIMI-MHD-SARIF-YUSOF-ISMAIL-DEVELOPING-THE-UL%C5%AA-AL-ALB%C4%80B-MODEL-FOR-SUSTAINABLE-VALUE-AND-WEALTH-CREATION-THROUGH-SOCIAL-ENTREPRENEURSHIP.pdf application/pdf en http://irep.iium.edu.my/29808/2/Evidence_for_KLIBEL2129.pdf Mhd. Sarif, Suhaimi and Ismail, Yusof (2013) Developing the Ulū al-Albāb Model for Sustainable Value and Wealth Creation through Social Entrepreneurship. In: Kuala Lumpur International Business, Economics, and Law Conference, 8-9 April 2013, Hotel Putra Kuala Lumpur.
repository_type Digital Repository
institution_category Local University
institution International Islamic University Malaysia
building IIUM Repository
collection Online Access
language English
English
topic HF5549 Personnel management
spellingShingle HF5549 Personnel management
Mhd. Sarif, Suhaimi
Ismail, Yusof
Developing the Ulū al-Albāb Model for Sustainable Value and Wealth Creation through Social Entrepreneurship
description This paper explores the development of the Ulū al-Albāb model for sustainable value and creative creation through social entrepreneurship. The Ulū al-Albāb model refers to capitalizing wisdom with a soul through the focus of seeking the Pleasure of Allah (mardhat Allah) through the obligations as servant (‘ibād al-Rahmān) and vicegerent of Allah (khālifah Allah fi al-ard). The study integrates knowledge-based view (KBV) with the Ulū al-Albāb model basis to achieve sustainable value and wealth creation for social enterprises. The primary contribution of this study is the development of model that based on the Ulū al-Albāb into KBV framework as a source to sustain intellectual contribution in terms of dynamism and ability to respond to changes. Knowledge is essential to enable social enterprises to be innovative in terms of producing new products and services to the market. The literature of strategic management and knowledge management suggests that a social enterprise with Ulū al-Albāb model is more innovative and capable of achieving sustainable competitive advantage. However, based on personal interviews with 15 informants, the study observed that social enterprises were keen to adopt Ulū al-Albāb approach due to the business model that emphasises on meeting social and economic ends simultaneously. The informants were convinced with the Ulū al-Albāb approach in sustaining competitive advantage for social enterprises in Malaysia. However, the existing business model needs a minor adjustment to fit the Ulū al-Albāb approach.
format Conference or Workshop Item
author Mhd. Sarif, Suhaimi
Ismail, Yusof
author_facet Mhd. Sarif, Suhaimi
Ismail, Yusof
author_sort Mhd. Sarif, Suhaimi
title Developing the Ulū al-Albāb Model for Sustainable Value and Wealth Creation through Social Entrepreneurship
title_short Developing the Ulū al-Albāb Model for Sustainable Value and Wealth Creation through Social Entrepreneurship
title_full Developing the Ulū al-Albāb Model for Sustainable Value and Wealth Creation through Social Entrepreneurship
title_fullStr Developing the Ulū al-Albāb Model for Sustainable Value and Wealth Creation through Social Entrepreneurship
title_full_unstemmed Developing the Ulū al-Albāb Model for Sustainable Value and Wealth Creation through Social Entrepreneurship
title_sort developing the ulū al-albāb model for sustainable value and wealth creation through social entrepreneurship
publishDate 2013
url http://irep.iium.edu.my/29808/
http://irep.iium.edu.my/29808/1/KLB2129-SUHAIMI-MHD-SARIF-YUSOF-ISMAIL-DEVELOPING-THE-UL%C5%AA-AL-ALB%C4%80B-MODEL-FOR-SUSTAINABLE-VALUE-AND-WEALTH-CREATION-THROUGH-SOCIAL-ENTREPRENEURSHIP.pdf
http://irep.iium.edu.my/29808/2/Evidence_for_KLIBEL2129.pdf
first_indexed 2023-09-18T20:43:47Z
last_indexed 2023-09-18T20:43:47Z
_version_ 1777409539785621504

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