The Relationship Between Entrepreneurship and the Social Sciences

Entrepreneurship is often seen as a business venture that involves forming businesses solely to earn money or to create jobs. It is important to keep in mind that entrepreneurship is more than simply making money. It’s about identifying value in unexpected places – whether that’s through the development of a new product or service, by striving to improve an existing community, or through developing an innovative method.

So, it’s no surprise that entrepreneurship is tightly 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. They must understand societal trends as well as human psychology, and many other aspects that are crucial to research in social sciences to be able to effectively run their businesses.

The development of the social entrepreneurship (SE) field has brought about fresh and innovative ideas regarding entrepreneurial processes. As a result, there are many different “schools of thought” in the literature that focus on this new type of entrepreneurialism. Citation analysis shows that the most commonly used approach is based on institution theory and research papers from scholars from Western societies dominating. These articles often deal with questions of external determinants, such as the existence of an ecosystem or government policies, which can affect the establishment and operation of SE ventures. They also examine the importance that social and emotional aspects play in the decision-making process to engage in such activities.


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