This book report should help the readers to mind the gap and leads social entrepreneurs into social impact assessment through a better knowledge of models that could support them in driving the process of being a social entrepreneur. It addresses entrepreneurs’, managers and practitioners who might encounter this issue in their everyday work. Aside from entrepreneurs, this book report should also help the scholars and academics, who can further develop and improve their knowledge about the social entrepreneurship. First of all, you need to learn what social entrepreneurship means. Social Entrepreneurship is just like an entrepreneurship that the mission is to generate wealth and entrepreneurs’ personal wealth.
It firmly confirms that a Social Enterprise can maximize profits at the same time maximizing the betterment of the society. The book consists of 10 chapters which are essential in starting a social enterprise. These are Microeconomics, Marketing, Operations Management, Accounting, Financial Accounting, Management Accounting, Innovation, Product Development and lastly Testing. Every chapter tackles and defines the importance of each topic. It explains how these topics can be use in starting a social enterprise and proves to every reader that Social Entrepreneurship is really the secret in starting a business that anyone can say is worth living for.
Social entrepreneurship is the attraction of growing attention, money, and talents by entrepreneurs and companies. As the major focus, it aims at developing, funding, and implementing solutions for environmental, cultural, and social issues (Chell, Spence, Perrini, & Harris, 2016). Entrepreneurs engaging in social entrepreneurship have their basic levels of operating as a social cause. The success of social ventures is measured based on the improvements realized in the world rather than profits accumulated. Such organizations attain a successful change in underlying issues in the community through feedback and innovations towards solving the social problem.
Social Entrepreneurship is contagious wherein a person who starts a social enterprise emboldens others to pursue their ideas and solutions regardless of its form. Social Entrepreneurship is concerned with building platforms that lets people of every age to think and behave like change makers and to help them work together. The study of social entrepreneurship sheds light on how change happens and how societies renew themselves. Despite the problems the world has, our hopes arise when we remember the historical changes that have enabled millions to take concerted and coordinated action to solve the world’s problem Social Entrepreneurship is the process by which citizens build or transform institutions to advance solutions to social problems. These problems may be poverty, illness, illiteracy environmental destruction, human rights abuses and corruption.
They do not simply give money to those people who are in need they teach them how to live life. Aside from helping people, Social enterprises also help our environment from dying. Social entrepreneurs make sure that everything that they do in business will not affect the environment. They have to come up with a concept that the environment will benefit so it can prevent our mother earth from being destroyed by our doings. The taxation issues for social enterprises are modeled after the legislation in the UK.
There are many things that the internet and social media has effect on a business but the main things that builds a business is making connections, communicating with the consumers, knowing how to sale that product, and making it seen. Because a business cannot grow if no one even knows that it’s even
Firstly, based on the theory of Alter. S. K, (2006), when business activities and social tasks are highly compatible, the social progammes that conducted by the social enterprise are exactly the business activities, this enterprise is known as embedded social enterprise. The social enterprises operate the social task as their business mission, earning profits from them and directly promote the social projects, accordingly, achieving self-financing and solving social problems. Meanwhile, the target customer group, owners and employees in the enterprise are direct beneficiaries of the social projects. For example, a social enterprise in my hometown call Shenzhen Canyou group co.LTD, this enterprise aims to provide jobs for socially vulnerable groups graduate from college, namely the disadvantaged college graduates, their business includes animation, software development, providing them with sustainable health care and wages
This represents an opportunity of social enterprises who can leverage on external knowledge, skills, connections and people networks to achieve their aims. In fact, it seems that the emergence and proliferation of social enterprises occurred in the wake of the diffusion of the open innovation strategy. For instance, although Freer Spreckley had since 1981 published a formal definition of social enterprise , the first academic paper that describes in detail the formation, functioning and organization of social enterprises was not published until 1993. The paper (Savio and Rhigetti, 1993) describes how Italian worker co-operatives function as social enterprises by lobbying to secure legislation that enabled their members with disabilities to work while fully recovering. Borzaga and Defourny (2001) report how the idea spread to the rest of Europe, the US and the
Not because of coercion so it can be more leverage. Any work if cultivated with all my heart will produce maximum results, because that 's a lot of jobs that are not common at this time. But for those of you who aspire to be entrepreneurs, do not start a business just for seeing a big profit, look cool, or because told. Usually, the good thing to do when starting a business is, based on a hobby. If your hobby is photography, you can start selling camera gear.
The type of business you want to start may dictate the money sources. It is common for early stage companies to be self-financed or family and friends. Clearly you may still need to pay mortgage or satisfy other personal financial commitments. Can you work on your idea while holding down a full time job? Create a support network.