Social entrepreneurship and corporate social responsibility in the context of moral economy-dilemma for post-Soviet countries – Georgian case

Social Entrepreneurship (SE) is an important feature of moral economy. SE is seen as one of the best development strategies. Entrepreneurs should find balance between the company’s success, the employees’ needs, and environmental and social stability. SE is a relatively new phenomenon in post Soviet countries where social services were provided only by the state for several decades. Several Georgian researchers aimed to evaluate the role of corporate social responsibility in companies operating in Georgia. Companies in Georgia spend certain funds on social projects but such socially oriented activities are chaotic. Activities of corporate social responsibility take place in the society where the individuals have certain entrepreneurial attitudes. Definitions of Social Responsibility have taken many forms. These definitions view social responsibility as a process of creating value by combining resources in new ways. These resource combinations are intended primary to explore and exploit opportunities to create social value by stimulating social change or meeting social need.