Mostly when we talk of entrepreneurship, we mean the individual, business entrepreneur and his traits, motivations, skills etc. When we talk about promoting entrepreneurship, it generally means how to encourage on an individual basis, the skills and motivations, to create a commercial entrepreneur. However there is growing interest in understanding “entrepreneurial communities” which includes social impact, and how to promote them.

In the first article, “Creating a Complete Entrepreneurial Community”, the author explores the concept of entrepreneurial community and the existing models encompassing business and social enterprise. To aid understanding, he conceptualizes three perspectives – the Social Capital Building school of thought, the Human Capital Development school and the Innovative Infrastructure school of thought. Of course, in real life, it is a combination of all three that explains the whole entrepreneurial community. The author goes on to develop a five point strategy to develop an entrepreneurial community.

The second article, “Social Entrepreneurship: The Contribution Of Individual Entrepreneurs To Sustainable Development”, is a more in-depth study of social entrepreneurship, its meaning, problems and opportunities associated with it and a model to successfully bring together various players to bring about sustainable social development. The author starts with surveying the attempts to define social entrepreneurship over the last decade, goes on to argue for a larger corporate support and involvement of international organizations and offers five short cases to support his contentions.

Do individuals become entrepreneurs as a considered choice or do entrepreneurial situations attract individuals with entrepreneurial traits? The next article, “Entrepreneurial Contexts and Traits of Entrepreneurs” explores this question. The author begins with a literature review of entrepreneurial traits and attempts to find if people with these traits are attracted to entrepreneurial situations and whether the entrepreneurs evolve with the entrepreneurial process. An interesting parallel is drawn between how Jazz players create their music and entrepreneurial characteristics. The article ends with raising some related questions that could form the basis for further research.

The last article “Financial constraints and entrepreneurship - Evidence from the Thai financial crisis” attempts to show the detrimental effect of poor financial markets on start up ventures and provides the examples from Thailand during the late 90s, the time of Asian financial crisis. The authors find that whereas the week financial markets had a constraining effect on start-ups before the crisis, it was not so during the crisis.

There are other regular features including a book review, case study, interesting news for the entrepreneurs, quotations and quiz. We have also summarized two articles, including a research article, that the reader can read from the original source if found interesting. It is our attempt to provide contemporary and interesting knowledge for our readers and maintain a balance between theoretical and practical content. Towards this end, we solicit your feedback and suggestions to improve the journal.