Social entrepreneurship as an important element of the economic development of Ukraine

Kichuk Nadiia
Doctoral student, Candidate of Economic Sciences, Docent, Department of Economics, Law and Business Management, Odesa National Economic University, Odesa, Ukraine, E-mail: kichuknv@gmail.com, ORCID: https://orcid.org/0000-0003-3032-1238

Dengub Valentyna
Candidate of Economic Sciences, Senior Lecturer, Department of Economics, Law and Business Management, Odesa National Economic University, Odesa, Ukraine, E-mail:v.dengub@oneu.ukr.education, ORCID: https://orcid.org/0009-0008-0253-9065

Received: 12.04.2025    Аpproved: 26.04.2025    Рublished online: 12.05.2025

Cite this article:

Kichuk N., Dengub V. (2025) Social entrepreneurship as an important element of the economic development of Ukraine. Ed.: V.V. Kovalenko (ed.-in-ch.) and others [Socialne pidpryjemnyctvo jak vagomyj element rozvytku ekonomiky Ukrainy.: V.V. Kovalenko (gol. red.)], Scientific Bulletin of the Odesa National Economic University (ISSN 2313-4569), Odesa National Economics University, Odesa, No. 4 (329), pp.121-129.

Abstract

The article examines current trends in the development of social entrepreneurship in Ukraine during martial law. The features of the functioning of social entrepreneurship in conditions of high risks and uncertainty are presented. The aim of the article is to identify the main components and key factors that influence social business and identify areas for improving mechanisms for supporting social initiatives during the crisis. The research used scientific methods of data systematization, observation, comparison and generalization. The trend of functioning of small and medium-sized businesses as the main forms of social entrepreneurship during the period of hostilities was analyzed. Statistical data analysis in entrepreneurial activity was carried out, which allows obtaining an objective idea of the current state of business, small and medium-sized enterprises. The ratio of changes in business development in Ukraine during the war years was analyzed. Statistical reporting on the financial stability of enterprises in recent years is presented. Factors influencing the development of entrepreneurship during the period of hostilities and prospects for recovery in the post-war period are substantiated. Obstacles that delay the development of entrepreneurial initiatives during wartime are investigated, and ways of developing social entrepreneurship as a significant element in assisting the state are proposed. Taking into account current trends in developed countries, it was substantiated that for the development of social entrepreneurship, an important role is played by the use of online platforms for selling goods and services, crowdfunding as a tool for attracting financing, automation of internal processes, which will increase the efficiency of activities, sustainable development and partnership with business and the state. For the development of social entrepreneurship, changes in legislation, expansion of financial support and raising public awareness are also necessary. The development of educational programs for entrepreneurs aimed at developing entrepreneurial skills will also contribute to the development of social business. Only comprehensive support from the state, business and the public will allow social entrepreneurship to become a driver of sustainable development of the Ukrainian economy in the post-war periods.

Keywords

social entrepreneurship, risk, innovation, financial sustainability, relocation of enterprises, crowdfunding.

JEL classification: L260; L310;DOI: https://doi.org/10.32680/2409-9260-2025-4-329-121-129

UD classification:334.012.46(477)

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