http://www.iaeme.com/IJARET/index.asp 46 editor@iaeme.com International Journal of Advanced Research in Engineering and Technology (IJARET) Volume 12, Issue 1, January 2021, pp. 46-65, Article ID: IJARET_12_01_006 Available online at http://www.iaeme.com/IJARET/issues.asp?JType=IJARET&VType=12&IType=1 ISSN Print: 0976-6480 and ISSN Online: 0976-6499 DOI: 10.34218/IJARET.12.1.2021.006 © IAEME Publication Scopus Indexed THE ROLE OF SOCIAL ENVIRONMENT IN THE DEVELOPMENT OF ENTREPRENEURIAL IDEA GENERATION, ENTREPRENEURIAL BUSINESS CREATION AND ENTREPRENEURIAL FINANCING DECISIONS Ayaz Ali Maitlo Lecturer, Department of Business Administration, Sindh University Larkana Campus, Pakistan Irfan Ali Mirani Associate Professor, Institute of Business Administration, Shah Abdul Latif University, Khairpur, Pakistan Saqib Wahab Mahar Assistant Professor, Department of Business Administration, Shaikh Ayaz University, Shikarpur Salman Bashir Memon Associate Professor, Institute of Business Administration, Shah Abdul Latif University, Khairpur, Pakistan ABSTRACT The relationship and role of social environment in entrepreneurship have been and is predicted on remaining one of the major research topics in entrepreneurship researches. While the majority of empirical research papers find the existence of a relationship in both i.e. social environment and entrepreneurship. But the fundamental question of determining relationship at each stage of entrepreneurship has remained unexplained. Further application of particular contextual settings, characteristics, and level of entrepreneurship are not kept citrus Paribas in explaining the role of social environment at each stage. Three main task performed here to address this question i.e. synthesis of existing knowledge, the identification of lack of knowledge, and proposition paths for closing the knowledge gaps. This paper considers each of three tasks. Research findings include the analysis of relationship particularly in proper settings and at a single decided level, is required at the development of entrepreneurial idea generation, entrepreneurial business creation, and entrepreneurial financing decision. Limitations of this review paper are that most of