Advancing Organizational and Societal Growth: The Role of Social Entrepreneurship Within Entrepreneurial Ecosystem

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