Abstract
This study studies social entrepreneurial competencies, social values, and transformational leadership. They are a requirement during the COVID-19 pandemic. It arises to find out the effect of social entrepreneurship on social values and the influence of transformational leadership in memorizing the influence of social entrepreneurship on social values with a total of 200 respondents as social entrepreneurship leaders who have been announced in Indonesia. This study uses a quantitative method with a structural equation model (SEM) analysis tool in AMOS software. SEM analysis in this study uses the moderating SEM method with a mixed-methods approach. Data analysis has been carried out through data processing. The values obtained mean that higher social entrepreneurship will increase social value by 9.4%; if transformational leadership increases, a significance value of 0.85 is obtained. This value is greater than 0.05. It is proved that the role of social entrepreneurship fosters innovative abilities, proactive development, and the courage to take risks for the people in Indonesia and the impact of social values fosters social recognition, responsibility, and contribution to the economy with attitudes with potential transformational leadership behaviors as well as inspirational motivation, intellectual stimulation, and consideration of the community. AcknowledgmentsThe author appreciates the contribution of all co-authors in preparing the data set.
Highlights
The concept of social entrepreneurship has been developing in Indonesia in recent years
Indicators in the model is good, construct reliability scores of 0.70 or more indicate good reliability, In the measurement model, the significance while reliability scores of 0.60 to 0.70 are still acof parameter estimators indicates whether the ceptable
In the CFA analysis, it was found that icance tests of each indicator
Summary
The concept of social entrepreneurship has been developing in Indonesia in recent years. In 2019, the Cooperatives and Small Community Businesses Ministry reported that the number of entrepreneurs in Indonesia increased from 3 (in 2017) to 5%. Before, there were formal data regarding the number of social entrepreneurs in Indonesia. Several social entrepreneurship businesses have emerged from different age groups, educational backgrounds, and business fields with various competitions (Pratono & Sutanti, 2016). According to a parameter from the Global Entrepreneurship Monitor, the youth social entrepreneurship globally reaches an average of around 4.5% – ranging from 0.4% (Asia) to 11.6% (South America). In terms of entry and operation levels, social enterprises are most active in the United States and China (30%), followed by sub-Saharan Africa (10%). Asia, including Indonesia, has the fewest social entrepreneurs (5%)
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