Economic Entrepreneurship and Sociological Entrepreneurship Theories

Name – Kunjan pal
Year - 2nd
Session – (2022 – 2025 )
Course – BBA ( HM )
Collage Id – 22149030532
Makaut roll no – 14903322013
Subject – Entrepreneurship Theory & Practice
Subject code – GE 4B - 02 .
A Ppt submitted towards ca1 on the topic of

Economic Entrepreneurship and Sociological
Entrepreneurship Theories.
Economic Entrepreneurship
and Sociological
Entrepreneurship Theories
Economic entrepreneurship and sociological entrepreneurship theories
have significantly impacted the business world and social structures.
Economic entrepreneurship involves the identification of opportunities
and the allocation of resources to create value, while sociological
entrepreneurship focuses on using entrepreneurial skills to address
societal issues and promote social change. The following presentation
will provide a detailed exploration of these theories, highlighting their
key concepts and applications.
Economic Entrepreneurship
1 Market Analysis
Entrepreneurs in the economic domain conduct comprehensive market
analyses to identify potential opportunities and consumer needs. This step is
essential for understanding market dynamics and making informed business
decisions.
2 Resource Allocation
Allocating resources effectively is a critical aspect of economic
entrepreneurship. This involves managing financial, human, and
technological resources to maximize productivity and achieve business goals.
3 Innovation and Creativity

Entrepreneurs introduce innovative products and services, often disrupting
traditional markets. Creativity plays a pivotal role in developing unique
value propositions and gaining a competitive advantage.
Sociological Entrepreneurship
Social Impact Collaborative Networks Ethical Framework
Sociological entrepreneurship Building collaborative Ethical considerations play a
aims to create a positive social networks with organizations central role in sociological
impact. It involves addressing and social institutions is entrepreneurship. It involves
social challenges and essential for sociological conducting business in an
contributing to the well-being entrepreneurs. These ethical and socially
of communities through connections foster collective responsible manner,
entrepreneurial initiatives. efforts to address societal prioritizing the well-being of
issues effectively. communities over purely
financial gains.
Importance of Economical & Sociological Entrepreneurship .
Global Perspective
Economic Entrepreneurship Sociological Entrepreneurship
Focuses on value creation Focuses on societal impact
Emphasizes profit generation Prioritizes social change
Competition-driven approach Collaborative and community-driven approach

Showcasing Impactful Examples
1 Muhammad Yunus 2 Patagonia
Grameen Bank's microfinance Sustainable outdoor apparel
empowers women and alleviates champions environmental
poverty. (Economic and protection and activism.
Sociological) (Sociological)
3 Tesla
Electric car pioneer drives innovation in clean energy and disrupts the automotive
industry. (Economic and Environmental)
Future Trends and Challenges
Technology Integration Environmental Social Innovation

Integration of advanced
Sustainability Rising emphasis on social
technologies in both Increasing focus on innovation to address
economic and sociological sustainable business practices complex societal issues,
entrepreneurship for and eco-conscious initiatives incorporating new models
enhanced operational in line with global and strategies to drive
efficiency and impact environmental challenges. meaningful change.
measurement.
Conclusion and Call to Action
Complementary Approaches Conscious Ventures
Economic and sociological The future demands conscious
entrepreneurship offer ventures prioritizing both profit and
complementary approaches to positive impact.
creating value.
Collective Action
We all have a role to play in supporting purpose-driven businesses and
entrepreneurial solutions.

Economic Entrepreneurship and Sociological Entrepreneurship Theories

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Economic Entrepreneurship and Sociological Entrepreneurship Theories

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Name – Kunjan pal

A Ppt submitted towards ca1 on the topic of

3 Innovation and Creativity

Focuses on value creation Focuses on societal impact

Emphasizes profit generation Prioritizes social change

Competition-driven approach Collaborative and community-driven approach

Technology Integration Environmental Social Innovation

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