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The Relationship Between Entrepreneurship and the Social Sciences

Entrepreneurship is usually thought of as a commercial venture that is based on the creation of businesses solely to earn money or to create jobs. But it’s important to keep in mind that entrepreneurship is not simply about making money. It’s about finding value in unexpected places – whether that be through the creation of a new product or service, improving the quality of an existing community, or through developing an innovative process.

It’s not surprising that entrepreneurship and social sciences are closely linked. There is lots of overlap between these two fields, especially in terms of how entrepreneurs must be aware of their impact on individuals and communities. To run a business with success, they must comprehend the societal trends as well as human psychology.

The social entrepreneurship field (SE) has given rise to a variety of new and creative concepts about business. There are numerous schools of research that address this type of entrepreneurship that is emerging. Citation analysis shows that the most popular approach is based on institution theory and research papers from scholars in Western societies dominating. These papers typically address exogenous factors, such as government policies or the existence of an ecosystem that could influence the creation and operation of SE ventures. Moreover, they also examine the role of socio-cultural influences and emotional aspects in the decision-making process in such activities.

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