DOI: https://doi.org/10.32515/2663-1636.2024.12(45).32-39

Relevance of Social Entrepreneurship in the Current Economic Conditions on the Example of Kirovohrad Region Experience

Anastasiia Nemnenko, Oleksandr Shchelnyk

About the Authors

Anastasiia Nemnenko, Assistant of the Department of Economics, Entrepreneurship and Hotel and Restaurant Business, Central Ukrainian National Technical University, Kropyvnytskyi, Ukraine, ORCID: https://orcid.org/0000-0003-3870-3273, e-mail: nemnenko71@gmail.com

Oleksandr Shchelnyk, Assistant of the Department of Economics, Management and Commercial Activity, Central Ukrainian National Technical University, Kropyvnytskyi, Ukraine, ORCID: https://orcid.org/0009-0004-5640-1011, e-mail: shchelnik@gmail.com

Abstract

The purpose of the study is to identify the peculiarities of social entrepreneurship development in the current economic environment, analyze its impact on regional development and develop recommendations for improving the efficiency of such enterprises. The article discusses the main aspects of social enterprises, in particular their role in solving social, environmental and economic problems, as well as their importance for the integration of vulnerable groups. The author analyzes the key factors that influence the development of social entrepreneurship, including government support, availability of financing, public awareness, and legislative aspects. The research is based on the study of the practical experience of social entrepreneurship in the Kirovohrad region. The methods of analysis and synthesis, comparative analysis, and empirical data on the activities of social enterprises in the region were used. The efficiency of such enterprises is assessed and the main problems they face are identified. Particular attention is paid to the analysis of existing mechanisms for supporting social entrepreneurship and the development of practical recommendations for improving the conditions for its functioning, in particular in the context of regional development. The results of the study show that social entrepreneurship plays an important role in ensuring sustainable development of regions, creating jobs for socially vulnerable groups, and improving the quality of life of communities. However, its development is hampered by a number of problems, including insufficient government support, limited financial resources, and imperfect legal framework. The article proposes measures to improve legal regulation, introduce grant programs and information campaigns to popularize social entrepreneurship. Further research should focus on developing effective mechanisms for integrating social entrepreneurship into the overall economic system of the region and assessing its long-term impact on socio-economic development.

Keywords

social entrepreneurship, sustainable development, innovative business models, economic development, social responsibility.

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References

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