Entrepreneurship is often viewed as a type of business that involves creating businesses solely to make money or to create jobs. However, it’s crucial to remember that entrepreneurship is not simply about making money. It’s about finding value in unexpected areas, whether that’s through the creation of a new product, service or by enhancing an existing community or by developing new methods.
It’s no surprise that entrepreneurship and social sciences are closely interlinked. There is lots of overlap between these two fields, particularly in the sense that entrepreneurs must be aware of their impact on individuals and communities. They must be aware of societal trends as well as human psychology, along with a wide range of other factors that are central to social science research to be able to effectively run their businesses.
The emergence of the social entrepreneurship (SE) field has brought about new and fresh perspectives on entrepreneurial processes. As a result, there are a number of different ‘schools of thought’ in the literature which focus on this kind of entrepreneurialism. Citation analysis shows that the most popular approach is based on institution theory and academics from Western societies dominating. These papers usually address external factors, such government policies or the existence of an ecosystem that can influence the formation and operation of SE ventures. Moreover, they also examine the influence of socio-cultural factors and emotional factors in determining whether to participate in these activities.
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