Social entrepreneurship in Ukraine: The essence and features of its formation

Abstract

The article examines the essence and peculiarities of the formation of social entrepreneurship in Ukraine. It was determined that social entrepreneurship is a qualitatively new phenomenon that arose at the junction of the social and economic systems of the country, designed to solve the dilemma of combining activities for the sake of social well-being with activities for profit. It is established that the goals of social enterprises are achieved by organizing activities based on entrepreneurship and creating a sustainable business model. It has been proven that social entrepreneurship is an innovative activity primarily aimed at solving or reducing the social problems of society under the conditions of self-sufficiency and sustainability. The author's definition of the concept of social entrepreneurship as an innovative activity that is primarily designed to solve the social needs of society under the conditions of self-sufficiency and sustainability is proposed. It has been proven that an essential stage in the activity of a social enterprise is obtaining a social effect. Social entrepreneurial activity effectively creates a competitive environment, provides jobs, and relieves tension in the labor market. It has been proven that for the effective development of social entrepreneurship on the part of the state, it is necessary to create favorable legal conditions for the activities of non-profit organizations, to develop and adopt at the national and local levels regulatory legal acts that contribute to the development of all forms of intersectoral interactions. During the study, it was established that social entrepreneurship appears as a significant factor in solving complex regional social problems, as a factor in the development of an innovative regional environment, as an additional incentive for the development of small and medium-sized entrepreneurship, and as an essential reservoir of accumulation of social capital, which contributes to the development of trust in modern society. In today's world, it is imperative to study the problems and prospects of social business, considering it as a particular sphere in the economic sector of the country. Keywords: social entrepreneurship, charity, social good, social mission, social values, society.