Abstract:

This study's goal was to discover how people view the external business environment and what can be done to improve social entrepreneurship development. As a result, the perception of the external business environment on social entrepreneurship development is examined in this study at Covenant University in Ota, Ogun State. Problems with government policy, financial access, and the high cost of implementing new technology were all addressed in the study. The study's goal was to determine the impact of government policy, interest rates, and disruptive technology on social value, social enterprise, and social entrepreneur, respectively. Systems theory and contingency theory were used in the research, and empirical literature on the external business environment and social entrepreneurship were also discussed. The study followed an approach of investigation. The sample size of this Taro Yamen Formula is 245 and there are 633 postgraduate students. The data were collected using a streamlined random sampling method and a structured questionnaire. Data have been collected using the random sampling technique stratified and a structured questionnaire. SPSS and Linear Regression were used by these researchers to analyze data collected and also to analyze results using SPSS. However, the results showed no link between government policy and social value, but there was a moderate link between interest rates and social enterprise, as well as a moderate link between social entrepreneur and disruptive technology. Financial institutions should make funds easily accessible to social entrepreneurs with a low interest rate, according to the study's recommendations for social entrepreneurs. To encourage social entrepreneurship in Nigeria, the government should adopt pro-growth fiscal and monetary policies. Tech-savvy social entrepreneurs benefit the organization by staying current and being adaptable.