This article explores the topic in more detail in regards to social entrepreneurship. The theoretical approaches that were utilized in order to explore the topic more would be rational/economic and effectuation. The rational/economic approach says that entrepreneurs find an opportunity like a new product or company that comes from a decision-making process to apply the idea. This view comes from seeing opportunities as “objective experience with a presence distinct from human perception as well as waiting to be noticed by creative and ready individuals.” (Alvarez & Barney). The research stems from wondering why individual entrepreneurs take the opportunities that most do not. Understanding the approach, we can note that most entrepreneurs address a social issue in mind and then discover their desired outcome along the way. Following that, they can then assume the necessary resources in order to achieve the mission of the
This article explores the topic in more detail in regards to social entrepreneurship. The theoretical approaches that were utilized in order to explore the topic more would be rational/economic and effectuation. The rational/economic approach says that entrepreneurs find an opportunity like a new product or company that comes from a decision-making process to apply the idea. This view comes from seeing opportunities as “objective experience with a presence distinct from human perception as well as waiting to be noticed by creative and ready individuals.” (Alvarez & Barney). The research stems from wondering why individual entrepreneurs take the opportunities that most do not. Understanding the approach, we can note that most entrepreneurs address a social issue in mind and then discover their desired outcome along the way. Following that, they can then assume the necessary resources in order to achieve the mission of the