Social sciences research studies interactions between human behavior, societal influences and the culture. Entrepreneurship is one type of social science which studies how people can establish and sustain businesses to satisfy the needs of society. It is a powerful force that can transform communities, industries and the world at large.
Entrepreneurs who run a business that has a positive effect on the community feel fulfilled and feel a sense of purpose. It also lets them leave a legacy that will benefit the next generation of entrepreneurs and their communities. If it’s changing how we shop, giving more access to education and healthcare or tackling inequality and poverty in the world, entrepreneurs can make a profound impact with their ventures.
Social entrepreneurship (SEE) is commonly utilized by entrepreneurs who determine a need, and then create innovative solutions to address it. This could involve leveraging their business expertise and relationships to expand into new market or working with partners to develop more sustainable products. This could involve philanthropy in the sense that they wish to support an issue that is important to them.
Academics who participate in SEE can benefit from their research by sharing their findings through the publications of their institutions, which is an important tool for promoting knowledge dissemination. This can encourage collaborations between industry the field of social sciences and academia as well as help develop entrepreneurial culture. The SSRN Entrepreneurship Collection contains scholarly articles which discuss the concepts and theories of entrepreneurship and how they relate to law and management economics, public policy and economics.