Entrepreneurship is typically thought of as a commercial venture which is the creation of businesses to earn money or create jobs. But, it’s important to remember that entrepreneurship isn’t just about earning a profit. It’s about identifying potential in unexplored areas whether that’s by introducing the next product or service or enhancing an existing community or developing a novel process.
It’s therefore no surprise that entrepreneurship is closely linked to the social sciences. There is lots of overlap between these two fields, particularly in terms of how entrepreneurs must be aware of their impact on individuals and communities. In order to run their business with success, they must know the trends of society and human psychology.
The social entrepreneurship field (SE) has given rise to many innovative and new concepts about entrepreneurship. This has led to the fact that there are a variety of distinct’schools’ of thought’ in the literature that focus on this new type of business. Citation analysis shows that the most common approach is based on institution theory, with articles from scholars in Western societies dominating. These papers usually address external factors, like the policies of government or the existence of an ecosystem that can influence the formation and operation of SE ventures. Moreover, they also examine the role of published here socio-cultural influences and emotional dimensions in the decision to engage in such activities.