It can be large scale or small scale depending on the idea and the participation of other aspects of the wave makers who are involved. Through this social business, I can involve other citizens such as the marginalized to become partners in social change and help them get out of poverty. By targeting the gaps, I can develop new niche markets by meeting unanswered needs as well as gaps among ecosystem participants trying to address an ecological issue. Social entrepreneurship is not just about people, it is also answering the causes of the planet while still creating a profit. As simple as the problem of traffic congestions, social entrepreneurs has answered this problem through safe ride-sharing or carpooling mobile applications.
QUESTIONS: 1. How would you define a social enterprise? It is widely known to all that social enterprise is used to mean a unit of business, traditional enterprise provides value for their customers and shareholders, while social enterprise is driven by social goals, creating societal wealth for the society (Chalmers, D. and Fraser, S. 2012). Therefore, lots of scholars tend to explain it from the aspect of why it is social instead of private, according to Mulgan, G. (2006), the whole organisation and activities are aim to their social mission, which is devoted to solving a series of social problems, such as helping disadvantaged groups, conducting fair trade, etc., as well as environmental issues like sustainable development. However, this
One perspective of SE is to conceive these enterprises as trading organizations occupying a place in the middle of a continuum between the pursuit of a social mission (charitable, voluntary basis) and trading in the market (private sector). Another perspective of the SE is that these organizations are at the boundaries between the public, private and voluntary sectors (hybrid organizations) to address the shortcomings of each of the sectors (Nyssens, 2006). SE are intentionally structured enterprises which are driven by a mission (Dees, 1998). They undertake projects under conditions of efficiency constraint and aim at generating profit for distribution to their target groups tying their earned income directly to their social
Alvord, Brown and Letts (2004) contend that many social issues can be addressed through the implementation of social entrepreneurship projects and programmes. They further argue that these programmes create innovative solutions to social problems and mobilise ideas, capacities and resources required for successful social transformation. In supporting the emergence and importance of social entrepreneurship programmes, Williams and K’nife (2012) opine that social enterprise delivers social services to transform lives through the creation of social value. Similar views are expressed by Mair and Marti (2004) and Steyaert and Hjorth (2006) who propound that social entrepreneurship projects can lead to significant socio-economic change in the communities in which they are implemented. This is in line with the position taken by Ashoka (2014) that social entrepreneurs are changing the face of business worldwide through the development of social industries.
Social Entrepreneurship – A Dawning Dimension of Social Change Social entrepreneurship although relatively a new concept is an emerging trend all over the world. Social entrepreneurship today, at its early stages of evolution, is often not clearly understood by all. Social Enterprises refers to organizations that enhances growth in human as well as environmental well-being through the application of commercial strategies. Social Enterprises are about products and services like any other business, just that they have a deliberate purpose of creating jobs for the poor and have clear aims of improving standards of living; and it is becoming clear that Social Entrepreneurship is an effective way to leverages on entrepreneurial principles to
Krueger explains this as the desirability towards entrepreneurship. According to Kuehn (2008), this is influenced by one’s social environment, existing of “cultural influences, as well as family, friends, and personal exposure to entrepreneurship”. Perceived feasibility is the degree of ability that an individual assign to carry out that behavior, thus one’s capability to engage in entrepreneurship. These perceptions are determined by ‘cultural and social factors’ of the individual (Shapero and Sokol, 1982). Accordingly, the case of entrepreneurial event is caused by environmental factors surrounding the individual, thus for example family, education and professional influences.
A Book Report of Social Entrepreneurship: The Secret to Starting a Business Worth Living For By: Marcel N. Kwedi (First Edition) Introduction: Social Entrepreneurship: The Secret to Starting a Business Worth Living for is made by Marcel N. Kwedi. Marcel is the current founder and president of the WOHAOO Initiative project. This Project of him is a platform to get funding for the Social Enterprises who need it around the World. He defined Social Entrepreneurship with the new view of General Theory of Social Entrepreneurship. This theory states that social entrepreneurship is any business activity that uses strategies that are innovative and sustainable to construct and come up with new products which can fill up the unsatisfied needs of the
There are also various forms of entrepreneurship I.e. habitual and Corporate entrepreneurs. In Theme 1of this document I will be discussing the importance of entrepreneurship in countries’ economies and I will also be discussing the benefits associated with entrepreneurship. The later several themes I will be discussing a specific local business where I will identify and explain the company profile of the given entity. There’s also a direct correlation between entrepreneurship and job creation.
There are a lot of difficult factors that affect the Entrepreneurship , The term social entrepreneurship indicate performance of social modernization which consequence in system altering solutions and social force. There are not only environmental factors that affect the entrepreneurs, but there is also the affect of the involved factors that are divided to five categories: first, suppliers the people who provide the capital and the financial needs and the technology need to use, second opponents the companies that compete in the same field of business, third balancing association and collaborator: the organizations that are supporting the entrepreneur and wanted to make the entrepreneur culture become better ,the fourth factor Beneficiary