THE ROLE OF SOCIAL ENVIRONMENT IN THE DEVELOPMENT OF ENTREPRENEURIAL IDEA GENERATION, ENTREPRENEURIAL BUSINESS CREATION AND ENTREPRENEURIAL FINANCING DECISIONS

The relationship and role of social environment in entrepreneurship have been and is predicted on remaining one of the major research topics in entrepreneurship researches. While the majority of empirical research papers find the existence of a relationship in both i.e. social environment and entrepreneurship. But the fundamental question of determining relationship at each stage of entrepreneurship has remained unexplained. Further application of particular contextual settings, characteristics, and level of entrepreneurship are not kept citrus Paribas in explaining the role of social environment at each stage. Three main task performed here to address this question i.e. synthesis of existing knowledge, the identification of lack of knowledge, and proposition paths for closing the knowledge gaps. This paper considers each of three tasks. Research findings include the analysis of relationship particularly in proper settings and at a single decided level, is required at the development of entrepreneurial idea generation, entrepreneurial business creation, and entrepreneurial financing decision. Limitations of this review paper are that most of the referred review papers on field of entrepreneurship and role of social environment in it are of past ten years