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Social sciences research studies interactions between human behavior, societal influences and the culture. Entrepreneurship is one kind of social science, which studies the ways to build and develop businesses that can meet the needs of society. It is an extremely effective tool that can transform entire communities, industries and the world at large.
Creating a business that makes an impact on the community gives entrepreneurs a sense of purpose and fulfillment in their work. It also lets them leave a legacy that will benefit the next generation of entrepreneurs and their communities. The possibilities are endless, whether it’s changing the way we shop, ensuring greater access to healthcare and education, or addressing inequality and poverty in the world, entrepreneurs can make an incredible impact through their businesses.
Entrepreneurs typically engage in social entrepreneurship (SEE) by identifying a need and developing innovative solutions to meet that need. This may involve using their existing knowledge of business and relationships to expand into new markets, or working with partners to create more sustainable products. This could include philanthropy if they seek to help causes that are important to them.
Academics who are part of SEE can build on their research findings by sharing them in their institutions’ publications, which are an important instrument for encouraging the diffusion of knowledge. This can help develop entrepreneurial culture in academia, as well as encourage collaboration with industry as well as other non-academic partners. The SSRN Entrepreneurship Collection contains scholarly articles that discuss the underlying concepts and theories of the entrepreneurship field and how they relate to law and management, economics and public policy.