Fil. Dr. Jan-U. Sandal Institute
Excellence in Science and Education

Projectdescription - Rudra Prasad Ghimire

Affiliated Honorary Research Fellow Four Years Program Research Topic and Method

Social Entrepreneurship: A Dimension of Innovation

2020-10-12 Rudra Prasad Ghimire

Introduction:

Practically social entrepreneurship is an innovation for the business community to find welfare. The main purpose of the study is to investigate its applied fields. Society may be diverse in different countries. Unity in society is a type of innovation, but how society treats all the issues in order to deliver the welfare of the society needs innovation. Research through development takes place and lead growth. Innovative planning gears the business community policy towards costumer welfare and customer satisfaction. Social innovation shapes social entrepreneurship in business communities. The dynamics of innovation keeps the society more specific in responsibility. Social entrepreneurship is more practical in business community innovation. This research has taken analytical research design to identify the applications of social entrepreneurship. The major concern of social entrepreneurship of different business community connections with development of new and innovative models are taken in the analysis. Some literature on the applications of social entrepreneurship is reviewed. Social entrepreneurship is an innovation for the business community to find welfare. Social entrepreneurship ventures success and resource mobility to derive welfare.

 

Purpose:

The main purpose of the study is to investigate dimension of innovation in business community connections with development of new and innovative models.

Literature ……

Some of literatures on applications of social entrepreneurship are reviewed. Social entrepreneurship applies worldwide. It has been taken as a main source to materialize value and create welfare. Value can be materialized in development of welfare. Its application has broadened on the planet. All stakeholders can include welfare to their lifeline as to the innovation.

Innovation was at the heart of the entrepreneurial approach by declaring that the function of entrepreneurs was, above all, to reform or revolutionize the patterns of production [1].

The brilliance of the market mechanism is that it is automatic: by harnessing motives and energies that are already there, it avoids the need for a king or a commander to ‘run’ the economy. Instead, the economy runs itself and rewards both performance and innovation [2].

Social commitment prepares more in-service creation. For example, the legal and fiscal arrangements that serve to channel the moral sentiments, the motivations of care, civic energy, and social commitment into practical form and, thus, into the service of the common good [3].

In the field of social entrepreneurship, voluntary work ethics emerging to find ways for success. For example, there is some limited emerging work on the replication of successful voluntary sector initiatives, but even these remains in its infancy [4].

Higher education in the fields of business entrepreneurship and social entrepreneurship should concentrate on topics like innovation management, service vision management, consumer behavior, social class structures, democratic development, human rights, and incentives for technological, economic and social progress. [5].

It has been an emerging and global phenomenon that influences the society through innovative approaches for solving social problems [6].

Entrepreneurs are the creators of civilization. The study of their life and work is of the highest interest for a deeper understanding of the process of innovation [7].

The cooperative action of entrepreneurial organizations and their partners through two-way communication on social media platforms has proven productive [8].

Groundbreaking and profitable ways of addressing social problems have emerged; there has been a greater focus on how ideas like social entrepreneurship can address critical social problems [9].

Much discussion has taken place regarding the benefits of social media for business progression; the reliability of such modes of communication has not yet been proven [10].

Social entrepreneurship ventures often look to hybrid commercial models that blend economic and social value creation, often known as social enterprises [11].

Any time flat social Media has been used in the world passing the information for the flat social enterprise. Social entrepreneurship is a means to improve societal problems and catalyze social change [12].

 

Unlike, flat social entrepreneurship modelling has been shaping the range of its practicalities as the means of flat social media evolved. By the review, modern information and communication technology are governing the innovation and vice versa. The high effect of means of flat social media has been observed as a contribution into flat social entrepreneurship. The whole world exposure and experiences booming by flat social entrepreneurship outsourcing by flat social media. Parallel use of flat social media in each and every corner boosting flat social entrepreneurship. Flat social Medias are working globally and establishing flat social entrepreneurship individually in value creativity based on resource available in the surroundings and receiving from the flat social Medias. Flatly, social Medias provide services to the business society and innovation measures are carried out to deal social problems valuing business directly and indirectly. Flat social Medias have greater impact on social sector and business enterprise. Business thoughts are upgraded in the companies.

This study opens the horizon of role of independent science in business innovation and profit. The main focus is to diagnose spectrum of independent science in its applications. By the scientific review, role of independent science generates the database of truth in figures, sense of relationship of a variable without the fund and association with the institutions. The contribution of independent scientist functions in every part of planet. Independent science serves at all level of opportunities, innovation and profit. Some of the organization enjoys the fund for research but independent science does not take care of fund. Independent science encourages freedom of research, prediction, expression of truth. Independent science creatively solves the problem scientifically. Independent science reveals influence of body of knowledge which is beneficial for the state-of-the-art development for the possession of yields.

Also, artificial intelligence, machine learning, data science and automation have been altering the agility of resources accessible. Scientific innovation creates the gear force of business. The self-regulating scientist contributes his or her edification, insight knowledge to alleviate insufficiency, joblessness and income disparity of diverse cohort at different timeframe. Sustainable development depends upon dynamics of independent research innovative outcomes.Independent science can appeal a kind of system to catch fact via scientific route. Thus, the significance of independent science represents the asset of scientific motion, self-sufficiently for the advancement to the public scientifically.

 

References:

  1. Schumpeter, A. (1980). Theory of Economic Development. London: Transaction Publishing.
  2. Baumol, W. (2003). The Free-Market Innovation Machine: Analyzing the Growth of Miracle Capitalism. Princeton, NJ: Princeton University Press.
  3. Mulgan, G. (2003). Creating Public Value. London: The Government Strategy Unit. Retrieved from: www.strategy.gov.uk.
  4. Leat, D. (1993). Replicating Successful Voluntary Sector Projects. London: Association of Charitable Foundations.
  5. Sandal, J. U. (2017). Innovation in education – dynamic innovative learning methods as approach to independent science. Chernihiv: Ukraine–EU. Modern technology, business and law.
  6. Robinson, J. A. (2006). Navigating social and institutional barriers to markets: how social entrepreneurs identify and evaluate opportunities, in Mair, J., Robinson, J. A. & Hockerts, K. (Eds), Social Entrepreneurship, Palgrave, London, 145-60.
  7. Sandal, J-U. (2019). Museum Science and the Creation of Artifacts. International Scientific and Practical Internet Conference "Competitiveness and Innovations: Problems of Science and Practice", pp. 447-450. ISBN 978-617-7801-07-7.
  8. Gavurova, B., Bacik, R., Fedorko, R. and Nastisin, L. (2018). The customer’s brand experience in the light of selected performance indicators in the social media environment. Journal of Competitiveness, 10 (2), pp.72-84.
  9. Dees, J. G. & Anderson, B. B. (2003) ‘For-Profit Social Ventures’, International Journal of Entrepreneurship Education, 2, pp. 1-26.
  10. Maree, T. (2017). The Social Media Use Integration Scale: Toward Reliability and Validity. International Journal of Human–Computer Interaction, 33(12), pp.963-972.
  11. Alter, K. (2002). Case Studies in Social Entrepreneurship. Washington, DC: Counterpart International. Anthropology, 23: 175–92.
  12. Alvord, S. H.; Brown, L. D. and. Letts C. W (2004). “Social entrepreneurship and societal transformation: An exploratory study,” The Journal of Applied Behavioral Science, vol. 40, no. 3, pp. 260-282.