Entrepreneurship is usually thought of as a business activity that involves forming businesses solely to earn money or to create jobs. It is important to keep in mind that entrepreneurship is more than just making money. It’s about identifying value in the unexpected, whether it’s through the creation of a novel product or service, by striving to improve an existing community, or by creating a new process.
Therefore, it’s not a surprise that entrepreneurship and social sciences are closely connected. There is plenty of overlap between these two fields, especially in terms of how entrepreneurs must be aware of their impact on people and communities. They must be aware of the societal trends as well as human psychology, along with numerous other aspects that are essential to social science research to be able to effectively run their businesses.
The rise of the social entrepreneurship (SE) field has resulted in fresh and innovative ideas regarding entrepreneurial processes. In the end, there are a number of various’schools of thought’ in the literature that focus on this new type of entrepreneurial activity. Analysis of citations indicates that the most commonly used approach is based on the theory of institution and research papers from scholars in Western societies dominating. These articles often deal with the issue of external factors such as the existence of an ecosystem or government policies that may affect the foundation and operation of SE ventures. They also consider the role of socio-cultural influences and emotional dimensions in the decision to engage in such activities.
