Prospects for enhancing the development of social entrepreneurship in Ukraine

Abstract

In modern conditions, a significant share of social entrepreneurs whose activities are actively developing are looking for new ways to increase efficiency and external support. Given the excellent opportunities offered by social entrepreneurship, its long-term relevance is evident in today’s world. The article aims to study the problems and prospects for activating the development of social entrepreneurship in Ukraine in modern conditions. The role of social entrepreneurship’s development in Ukraine’s economy is clarified, proving the feasibility of its further activation. Attention is paid to the internal and external reasons for the activation of the development of social entrepreneurship, which makes it possible to identify sensitive objects of influence in the construction of public management mechanisms. Public administration can support social enterprises through regulatory policies, financial support, and the creation of a favorable legislative environment for their activities. According to the study results, the key aspects are the improvement of the efficiency of the use of resources and the support of community development. Social enterprises can contribute to these goals through innovative approaches to solving social problems, involving the local population in development processes, and creating a sustainable socio-economic environment. The types of innovations available to social entrepreneurship in modern conditions are substantiated. It has been proven that developing social entrepreneurship can strengthen territorial communities and stimulate interaction between business, civil society, and the state in solving regional social problems. Mechanisms of interaction between social entrepreneurship and business are indicated, which help to stimulate innovation, community, and interaction between different branches of business, thereby contributing to the creation of significant social and economic benefits. Keywords: social entrepreneurship, public administration mechanisms, community, development, activation, social and environmental issues, innovations.