Critical Evaluation of Social Entrepreneurship Theories

Abstract

The idea of entrepreneurship, which is rooted in the commercial world
is being used more frequently to address social issues and
environmental difficulties. The subject also referred to as "social
entrepreneurship" has attracted more attention from academics in
recent years. As a topic of study social entrepreneurship is still in its
early stages. Social entrepreneurship theory may have a role in
fostering social development. Entrepreneurship theory was at the
forefront of the study on economic growth (EI Ebrashi, 2010). The
social entrepreneurship theory introduces new organisational
typologies for social entrepreneurial organisations, which also
investigates the circumstances, contexts, and motives that give rise to
those typologies. Social entrepreneurship is a part of the social sector,
sometimes referred to as the citizen sector, which is focused on
enacting long-lasting social change (Bornstein, 1998). The study of
organisations must take into account how they change over time
(McAdam et al., 2005), and the development of new types of social
enterprises that focus on social transformation will help researchers
better understand how these businesses have a lasting social impact.
Social entrepreneurs address market failures, a role that entrepreneurs
also play (Kirzner, 2015). Recent evidence reveals a rising corpus of
academic research in this area; yet, because definitional theories
dominate, its conceptualization is still unclear. As a result, research into
the various facets of social entrepreneurship and its possible
advantages that could aid in addressing sustainability issues is still
anecdotal. This study uses an inductive method of content analysis to
fill the knowledge gaps in social entrepreneurship research. As a result,
data from a sizable number of earlier investigations were extracted. In
order to arrive at reliable conclusions, the results of the earlier
investigations were methodically synthesised. The study also assesses
how relevant existing social entrepreneurship theories are in the
current environment based on findings from earlier work. The primary
academic ramifications of the study are to add to the body of
knowledge on social entrepreneurship and to advance social
entrepreneurship theories already in existence. Academics are the  main subject of the study.