ADVANCING ORGANIZATIONAL AND SOCIETAL GROWTH: THE ROLE OF SOCIAL ENTREPRENEURSHIP WITHIN ENTREPRENEURIAL ECOSYSTEM

Maruf Mohammad Sirajum Monir and Alula Nerea Geberemeskel
Additional contact information
Maruf Mohammad Sirajum Monir: Bucharest University of Economic Studies
Alula Nerea Geberemeskel: Bucharest University of Economic Studies

Revista Economica, 2024, vol. 76, issue 1, 59-75

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.

Keywords: Entrepreneurial Dynamics; Social Innovation; Societal Impact Strategies; Venture Social Responsibility; Ecosystem Entrepreneurship (search for similar items in EconPapers)
JEL-codes: I31 L26 O31 R11 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://economice.ulbsibiu.ro/revista.economica/arc ... nir&geberemeskel.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:blg:reveco:v:76:y:2024:i:1:p:59-75

DOI: 10.56043/reveco-2024-0006

Access Statistics for this article

More articles in Revista Economica from Lucian Blaga University of Sibiu, Faculty of Economic Sciences Lucian Blaga University of Sibiu, Faculty of Economic Sciences Dumbravii Avenue, No.17, postal code 550324, Sibiu, Romania. Contact information at EDIRC.
Bibliographic data for series maintained by Eduard Alexandru Stoica ().