Entrepreneurial Factors and Their Importance for long-term Economic Growth

Even since 1992, the social responsibility of entrepreneurs has become relevant, and today the desire of the society towards companies to take it into account in their entrepreneurial activities is growing even more. With joint efforts, it will be possible to achieve long-term sustainable development. Today, there are many famous and successful companies in the world that are actively involved in these processes. In Georgia, the social responsibility of entrepreneurs plays an important role, both from the point of view of economic and social development. Over time, companies in Georgia strive to implement social responsibility programs. Each of these factors increases the welfare of society. There is an opinion according to which the topic of social responsibility will be even more relevant and popular. In general experience, companies that actively engage in this activity are more successful than others. These activities include: taking responsibility and solving one's share of economic, environmental and social problems. The object of research is the social responsibility of entrepreneurship as a systemic element of economic development. The subject of research is the impact of entrepreneurial social responsibility on the long-term dynamics of economic growth. The purpose of the research is to present the challenges and existing problems of social responsibility in entrepreneurial activities in Georgia. How do they understand the essence of social responsibility in Georgia, what problems do entrepreneurs see in this regard, do Georgian entrepreneurs have the motivation to engage in social projects, and if so, what kind. Desk research was chosen as the research method, which involves summarizing and analyzing already existing data. The area of application of research results includes enterprises in Georgia that are actively involved in economic activities, as well as government bodies, educational institutions or research centers.