Entrepreneurship is typically thought of as a type of business that is based on the creation of businesses solely to earn money or create jobs. It’s important to keep it in mind that entrepreneurship is about more than simply making money. It’s about finding opportunities in unexpected places – whether that’s through the development of a new product or service, by improving the quality of an existing community, or through creating a new process.
As such, 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 need to be aware of their impact on people and communities. To run their business with success, they must comprehend the societal trends and the human psychology.
The development of the social entrepreneurship (SE) field has led to new and innovative ideas about entrepreneurial processes. In the end, there are a variety of distinct’schools’ of thought’ in the literature which focus on this type of entrepreneurial activity. Citation analysis shows the most common approach is based on the theory of institution and research papers from scholars from Western societies dominating. These papers often deal with exogenous factors, such as the policies of government or the existence of an eco-system that could influence the creation and operation of SE ventures. Additionally, they examine the influence of socio-cultural and emotional aspects in the decision to engage in these activities.