Entrepreneurship is often seen as a business venture which is the creation of businesses to earn money or to create jobs. It’s important to keep it in mind that entrepreneurship goes beyond than simply making money. It’s about identifying value in unexpected places – whether it’s through creation of a novel product or service, by trying to improve the existing community, or by developing an innovative process.
So, it’s no surprise that entrepreneurship is closely linked to the social sciences. In fact, there’s a deal of overlap between the two fields, particularly in the sense that entrepreneurs must be aware of the effects their actions can have on people and communities. To run their business successfully, they must be aware of trends in society as well as human psychology.
The social entrepreneurship field (SE) has given birth to a variety of new and creative ideas about entrepreneurialism. There are many different’schools’ of research which deal with this type of entrepreneurship that is emerging. The analysis of citations shows that the most popular method is founded on the concept of institutional theory that is dominated by a ukpip.org/the-importance-of-social-sciences/ large number of articles by researchers from Western societies. These papers typically address questions of external determinants such as the existence of an ecosystem or policies of the government that could affect the foundation and operation of SE ventures. They also analyze the role that emotional and socio-cultural aspects play in the decision to participate in these activities.
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