Entrepreneurship is usually thought of as a process that involves starting companies with the sole intention of earning money or creating jobs. It’s important to keep it in mind that entrepreneurship is about more than just making money. It’s about finding value in unexpected areas, whether it’s by creating something new, a service or product or enhancing the existing community or developing new processes.
It’s no surprise that entrepreneurship and social sciences are closely interlinked. In fact, there’s a great amount of overlap between the two fields, especially in terms of how entrepreneurs must be aware of the impact their actions can have on people and communities. They must understand societal trends, human psychology, and numerous other factors that are central to social science research to be able to effectively run their businesses.
The field of social entrepreneurship (SE) has given rise to many innovative and new ideas about the concept of entrepreneurship. In the end, there are many distinct’schools’ of thought’ in the literature that concentrate on this new type Read Full Report of entrepreneurial activity. A study of citations suggests that the most widely used approach is founded on the concept of institutional theory that is dominated by a large number of papers written by scholars from Western societies. These papers often address issues of external determinants such as the existence of an ecosystem or the policies of government that can influence the establishment and operation of SE ventures. In addition, they analyze the influence of socio-cultural factors and emotional aspects in the choice to engage in such activities.