The Relationship Between Entrepreneurship and the Social Sciences

Entrepreneurship is often viewed as a business that involves launching businesses for the sole purpose of earning money or creating jobs. However, it’s crucial to remember that entrepreneurship is not just about making profits. It’s about finding value in unexpected areas, whether that’s through the creation of an entirely new service, product or enhancing the existing community or developing new processes.

It’s therefore no surprise that entrepreneurship is closely tied to the social sciences. In fact, there’s a great amount of overlap between the two fields, particularly in the sense that entrepreneurs must be aware of the impact their actions have on people and communities. They must be aware of societal trends as well as human psychology, and numerous other aspects that are essential to social science research to successfully run their businesses.

The field of social entrepreneurship (SE) has given rise to many new and innovative ideas about entrepreneurship. This has led to the fact that there are many distinct’schools’ of thought’ in the literature that are focused on this new type of entrepreneurial activity. Analysis of citations indicates that the most popular approach is based on institution theory and academics from Western societies dominating. These papers typically address questions of external determinants like the existence of an ecosystem or policies of the government that can influence the founding and operation of SE ventures. In addition, they analyze the influence of socio-cultural factors and emotional factors in the decision-making process in such activities.

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Syed Reyhan

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