Entrepreneurs and their ventures have a huge impact on the social, political and most of all economic well-being (Light & Rosenstein, 1995) of communities, cities and countries around the world, but launching a new business has its own challenges and risks. Young entrepreneurs have courage and passion but usually lack know-how, important skills, business knowledge and experience, necessary networks, a good team and funding. Due to limited resources, more than half of new businesses in the US fail within the first five years of operation. (Badal, 2014).

The studies focusing on social capital concerning Turkey are all at the societal level. Data corresponding to individual level social capital is not taken into consideration in the available research. Researches in social capital literature are mostly focusing on internal social capital and discounting the importance of external social capital. Nonetheless recent studies disclose the fact that although Turkey has relatively low internal social capital level, it has a relatively high external social capital capacity. The main purpose of this study is to analyze the favorable and unfavorable influences of the strong external social capital argued to exist in Turkish context. Also creation of external social capital and its possible effect on human resource applications such as employment, performance evaluations, promotions, rewarding systems and deployment is depiced. More clearly, in this study, the influence of high external social capital on organizational practices is discussed analyzed and propositions for further empirical research is presented.

Climate change, income inequality, injustice and other vexing social and environmental challenges are changing our thinking and the way businesses operate. As social media helps good and bad news about business practices travel fast, established for-profit companies are taking corporate responsibility seriously. And increasingly, young and socially aware entrepreneurs are aspiring to set up new ventures that address these problems while making money, and social entrepreneurship has become a rapidly growing field. However, despite the good intentions of social entrepreneurs, it remains challenging to measure how much of a difference they are making. In this article, we provide an overview of social entrepreneurship and show options for capturing its impact-a key part of making the venture sustaining and attracting impact investors who want to channel their money into ventures with strong results.

Idea creation is significant to all disciplines, yet it is even more crucial for entrepreneurs since the process of entrepreneurship requires new and novel ideas in all phases. Ideation should be taught and implemented in an intentional and systematic approach in order to increase the efficiency of idea generation in entrepreneurial activity.  Systematic ideation is comprised of a series of steps including observation, building the right ideation team, using multiple thinking methods and idea generation methods together and validating the idea for further improvement. Many of the entrepreneurship programs teach students the process of entrepreneurship after the individual comes forth with an idea, focusing on developing personal skills and business models required for a successful venture. Little attention and focus is dedicated to the initial step of idea creation. Systematic approach to teaching and implementing ideation would fill this gap in entrepreneurship education and field.