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Advancing Organizational And Societal Growth: The Role Of Social Entrepreneurship Within Entrepreneurial Ecosystem

Author

Listed:
  • MONIR Maruf Mohammad Sirajum

    (Bucharest University of Economic Studies)

  • GEBEREMESKEL Alula Nerea

    (Bucharest University of Economic Studies)

Abstract

This study explores the entrepreneurial ecosystem, a dynamic network that harnesses business resources, knowledge, and talent for enhancing organizational prosperity. It places a special emphasis on how enterprises not only seek growth but also aim to positively impact society and the environment. At the heart of our inquiry are the concepts of social entrepreneurship and social innovation, which we argue are essential for fostering societal progress within the entrepreneurial ecosystem. Our research aims to dissect the influence and integration of these concepts in promoting a sustainable entrepreneurial environment. To this end, we conducted a detailed survey among 51 startup managers, ensuring participants had a deep understanding of the themes in question. Through rigorous statistical analysis using SPSS and Excel, we discovered the crucial role of the entrepreneurial ecosystem in facilitating effective collaboration across various domains, including human and technological resources. The study reveals that embracing social entrepreneurship and innovation is vital for businesses to contribute meaningfully to societal betterment while achieving their growth objectives.

Suggested Citation

  • MONIR Maruf Mohammad Sirajum & GEBEREMESKEL Alula Nerea, 2024. "Advancing Organizational And Societal Growth: The Role Of Social Entrepreneurship Within Entrepreneurial Ecosystem," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 76(1), pages 59-75, March.
    • Handle: RePEc:blg:reveco:v:76:y:2024:i:1:p:59-75
    DOI: 10.56043/reveco-2024-0006
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    References listed on IDEAS

    as
    1. Al-Abri M. Yahya. & Rahim A. Abdul & Hussain N. H., 2018. "Entrepreneurial Ecosystem: An Exploration of the Entrepreneurship Model for SMEs in Sultanate of Oman," Mediterranean Journal of Social Sciences, Sciendo, vol. 9(6), pages 193-206, November.
    2. Jakomijn van Wijk & Charlene Zietsma & Silvia Dorado & Frank de Bakker & Ignasi Marti, 2018. "Social Innovation: Integrating Micro, Meso, and Macro Level Insights From Institutional Theory," Post-Print hal-02570915, HAL.
    3. Erik Stam & Andrew Ven, 2021. "Entrepreneurial ecosystem elements," Small Business Economics, Springer, vol. 56(2), pages 809-832, February.
    4. Angelo Cavallo & Antonio Ghezzi & Raffaello Balocco, 2019. "Entrepreneurial ecosystem research: present debates and future directions," International Entrepreneurship and Management Journal, Springer, vol. 15(4), pages 1291-1321, December.
    5. Valentin Amrhein & David Trafimow & Sander Greenland, 2019. "Inferential Statistics as Descriptive Statistics: There Is No Replication Crisis if We Don’t Expect Replication," The American Statistician, Taylor & Francis Journals, vol. 73(S1), pages 262-270, March.
    6. Sanchita Bansal & Isha Garg & Gagan Deep Sharma, 2019. "Social Entrepreneurship as a Path for Social Change and Driver of Sustainable Development: A Systematic Review and Research Agenda," Sustainability, MDPI, vol. 11(4), pages 1-28, February.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Entrepreneurial Dynamics; Social Innovation; Societal Impact Strategies; Venture Social Responsibility; Ecosystem Entrepreneurship;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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