Entrepreneurship is often viewed as a business venture that involves creating businesses solely to earn money or to create jobs. But, it’s important to keep in mind that entrepreneurship is more than just about earning a profit. It’s about finding value in unexpected areas, whether that’s by introducing an entirely new service, product check or by enhancing an existing community or by developing a novel process.

Therefore, it’s not a surprise that entrepreneurship is a close link to the social sciences. In fact, there’s quite a amount of overlap between two fields, especially in the sense that entrepreneurs must be aware of the effects their actions have on people and communities. They must understand societal trends, human psychology, and numerous other factors that are central to social science research in order to successfully run their businesses.

The social entrepreneurship field (SE) has given birth to a variety of new and creative ideas regarding business. As a result, there are a variety of different ‘schools of thought’ in the literature that are focused on this kind of business. The analysis of citations shows that the most common method is based on institutional theory, with a clear domination of studies by experts from Western societies. These papers often address questions of external determinants like the existence of an ecosystem or policies of the government that can influence the creation and operation of SE ventures. They also consider the influence of socio-cultural factors and emotional factors in the choice to engage in such activities.

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