Determinants of Social Entrepreneurship in Ukraine

Nataliia Gavkalova,Oleg Amosov,Iryna Sierova,Alona Zolenko,S Panchenko,G Vatulia,V Dykan

doi:10.1051/shsconf/20196706017

Abstract

The high importance of social entrepreneurship for the development of national and regional economies is widely recognized. This article contributes to the emerging theoretical discourse of social entrepreneurship by explicating the representatives of different schools. Social entrepreneurship occupies a third sector between the private sector of the economy and the non-profit sector as it aims to solve social problems. Social entrepreneurship functions as an organization that selfsustains at the expense of the innovative organization of its core business. The article suggests holistic approaches to entrepreneurship research based on entrepreneur-associated factors, characteristics of the political and legal environment. These determinants can have direct or indirect influences on entrepreneurial processes mandatory for the development of social entrepreneurship.To determine the strengths and weaknesses of the development of social entrepreneurship in Ukraine, as well as its opportunities and threats, the SWOT analysis was carried out. The actions required to improve the current state of social entrepreneurship were justified. The detection of threats and opportunities has made it possible to identify priorities for the development of social entrepreneurship in Ukraine, taking into account existing risks.

Highlights

The transition of certain functions from the government to business plays a crucial role in the development of modern society under the current economic conditions and intense competition
If we focus on the economic consequences of this phenomenon, social entrepreneurship increases overall economic efficiency, since it introduces into the economic turnover resources that were previously not used in this quality
It is apparent that social entrepreneurship is a relatively new concept that combines many different determinants of the third organizations’ activities

Summary

Introduction

The transition of certain functions from the government to business plays a crucial role in the development of modern society under the current economic conditions and intense competition This phenomenon could be due to a number of factors. The combination of these factors has contributed to the creation of a social enterprise, that is, third sector organizations whose activities are aimed at solving or mitigating the problems of society

Literature Review

Results

Conclusions