The Relationship Between Entrepreneurship and the Social Sciences

Entrepreneurship is often seen as a commercial venture that involves creating businesses solely to earn money or to create jobs. It’s important to keep in ukpip.org/the-field-of-social-sciences/ mind that entrepreneurship goes beyond than just making money. It’s about identifying value in unexpected places – whether it’s through the creation of a novel product or service, working to improve an existing community, or by creating a new process.

So, it’s no surprise that entrepreneurship is tightly linked to the social sciences. In fact, there’s a number of similarities between the two fields, especially in the sense that entrepreneurs must be aware of the impact their actions have on individuals and communities. To run a business successfully, they must comprehend the societal trends and human psychology.

The social entrepreneurship field (SE) has given birth to a variety of new and creative ideas about entrepreneurship. There are numerous schools of research that deal with this type of entrepreneurship that is emerging. Analysis of citations indicates that the most commonly used approach is based on the theory of institution and research papers from scholars from Western societies dominating. These papers typically address external factors, such the policies of government or the existence of an eco-system that could influence the founding and operation SE ventures. They also analyze the impact that socio-cultural and emotional factors influence the decision to engage such activities.