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Problems and prospects for the development of social entrepreneurship in Ukraine in the conditions of transformation economy
Author(s) -
Yurii KOVTUNENKO,
Dmytro KOVTUNENKO,
Nataliia FOMINA
Publication year - 2021
Publication title -
ekonomìka, fìnansi, pravo/ekonomìka. fìnansi. pravo
Language(s) - English
Resource type - Journals
eISSN - 2786-5517
pISSN - 2409-1944
DOI - 10.37634/efp.2021.11(2).2
Subject(s) - entrepreneurship , bureaucracy , social entrepreneurship , economic system , language change , competition (biology) , social change , goods and services , business , economics , market economy , political science , economic growth , politics , art , ecology , literature , finance , law , biology
The paper is devoted to the study of prospects, problems and opportunities for the development of social entrepreneurship, which necessitates the study and generalization of the experience of Ukraine and other countries. The paper examines the main approaches to defining the concept of “social entrepreneurship”, in particular a broad approach, combined (commercial and social), innovative and problem-oriented approaches. It is generalized that social entrepreneurship is an activity aimed at solving social problems and meeting the needs of society; a unique opportunity to combine a social mission and a desire to make money, provide some services and sell goods. The historical aspects of the formation of this type of entrepreneurship are considered. The functions aimed at adapting to crisis situations and the conditions necessary for the existence and full functioning of social entrepreneurship are highlighted. The main functions of social entrepreneurship are the creation of new jobs and reduction of social tension. The issues related to the negative factors and problems of development of this type of entrepreneurship are substantiated and covered. It was found that the process of forming a tool for managing social entrepreneurship in the country of transformation economy is quite slow. At the same time, the most acute problem is the lack of start-up investments and the lack of competition for funding, as well as bureaucracy, corruption, rapid price increases and the instability of the state economy. Opportunities and measures have been found that will allow companies to improve and develop in a positive way. These include: state support and the development of accompanying laws and regulations, the mobilization of untouched resources and the attraction of foreign investment.

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