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Social-economic entrepreneurship
Social-economic entrepreneurship
Social-economic entrepreneurship
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The emerging field of social entrepreneurship calls for a need for new integrated theories to contribute to the discipline and help grow the field. Social Entrepreneurship has been a topic of academic interest for the past few decades; however, there has been little scholarly output in mainstream journals (Short, Moss, & Lumpkin 2009). Social entrepreneurship is commonly defined as “entrepreneurial activity with an embedded social purpose” (Austin et al. 2006). Social entrepreneurs play a role of change agents in society by adopting missions to create and sustain social value. They recognize and pursue new opportunities to serve the particular mission at hand. Social entrepreneurs engage in a process of continuous innovation, adaption and learning. With these components, social entrepreneurs are able to act without being limited by current resources. They are accountable to the constituencies served and for outcomes created as a result of their actions (Dees, 1998).
Although social entrepreneurs usually start rather small their initiatives often have global relevance, issues such as unemployment, incarceration, disease, small business creation, access to clean water, renewable energy, waste management etc. These issues and needs usually arise within a disenfranchised sector of society, and they are the drivers of social entrepreneurship. The desires or needs of the disadvantage segment of society are defined in the literature as a positive externalities. Positive externalities are situations when the potential for value capture is lower than the potential for value creation because the benefits of society outweigh the benefits that could possibly be accrued by the organization or entrepreneur (Santos, 2012). Social entrep...
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...Journal of Business Ethics: Volume 111, Issue 3, Pages 335-351.
Short, J.C., Moss, T. W., & Lumpin, G.T. (2009). Research in social entrepreneurship: Past contributions and future opportunities. Strategic Entrepreneurship Jornal, 3, 161-194.
Sorenson, E. and Torfing, J., 2003. Network politics, political capital and democracy. International journal of public administration, 26, 609-634.
Rangan, S., Samii, R., & Van Wassenhove, L.N. (2006). Constructive partnerships: When alliances between private firms and public actors can enable creative strategies. Academy of Manament Review, 31(3), 738.
Lavie, D. (200). Alliance portfolios and firm performance; A study of value creation and appropriation in the U.S. software industry. Strategic Management Journal
Wernerfelt, B., 1984. A resource-based view of the firm. Strategic management journal, 5, 171-180.
Mintz Eric, Close David, Croc Osvaldo. Politics, Power and the Common Good: An Introduction to Political Science. 2009. Toronto: Pearson Canada. 15,147,183.
“A Collaborative Business Structure is designed to bring parties together in a long-term relationship to achieve a common goal. Sometimes this is done through the formation of a new entity, such as a partnership or joint venture that explicitly sets up an opportunity for each of the participants to combine its strengths with those of its partner to their mutual benefit. Clearly, this works best when the strengths of each one match up well with the constraints of the other (Chesterfield Group, 2017)
...ce, J., & Lehmann, M. (2005). Corporate Awakening – Why (Some) Corporations Embrace Public–Private Partnerships. Business Strategy and the Environment, 14, pp. 216-229. doi:10.1002/bse.471
Vangen, S., & Huxham, C. K. (2012). The tangled web: Unraveling the principle of common goals in collaborations. Journal of public administration research & theory, 22(4), 731-760.
Holle, T. L. (2012). Effective and sustainable business and industry partnerships. Techniques: Connecting Education & Careers, 87(8), 20-24.
After reading the first two chapters of Building Social Business, I was moved. I was inspired. Yunus opened my eyes to another side of business, which in his words was selfless. And indeed it was selfless. Social business is truly selfless because it focuses on helping others and earning profit comes second. By reading this book and reflecting, I realized it is better to be part of the solution rather than be part of the problem. By looking at my community, at my environment, and at my experiences in life, there are problems that will need solutions and I firmly believe that having a social business is the solution. By my observation, slow public utilities, expensive medicine, and empowering marginalized sectors are problems that can be solved by putting up social businesses. By combining entrepreneurial mindset and experience, social awareness, and creativity, the ideal social business can be done. But what makes a social business truly a social business is the
The theory is not as simple as many wish it to be, and has many factors to consider when assessing it. The authors state that political control cannot be simply boiled down to individual holding power over another individual. This is used to
Government support for social economy entities is recognized in European Union, Brazil and Argentina. While in countries of Africa and Asia support is built by the citizens forums and networks on sustainable development and by United Nations agencies. Among policy themes on social enterprises are: improving access to financial resources; research for increasing understanding and visibility; capacity building; ac¬cess to public procurement.
Our societies are facing extraordinary challenges: increasing inequality, rising poverty rates, unstable economies, climate change and a raft of other issues. Change is happening at an alarming speed and the social and environmental need is mounting to a petrifying crescendo (Innovation 2013). According to Mulgan (2006) the pace of social innovation is going to accelerate at an abnormal rate in the coming century. From my study in this course I have come to realise that a social innovation is a bold, new or improved solution, that fulfills an unmet need, changes current behaviors, co-creates value alongside community values and drivers for implementation and growth, and cuts across sectors. Social innovation may be carried out by individuals and business’s under a wide array of forms. For the purpose of this essay, I have chosen to compare and contrast two different organisational forms, Hybrids and cooperatives and evaluate their enabling and constraining impact on social innovation using well structured examples. Hybrid organizations make up the bulk of the public sphere in many Western European countries (kickert, 2001). We must be aware of a number of features that salamon laid out to look at the criterial for effective impact analysis too. Salamon suggests that impact analysis must be systematic, theory based, more than a c...
significant activities in the strategic way better than the rivalry firms (Lüsted, 2012). It is
Chui, M. (2012). The social economy unlocking value and productivity through social technologies. New York: McKinsey & Company.
Organisational change can arise due to a change in strategy and this begins with examining capabilities and the internal environment. This is portrayed in the Strategy diamond. Firstly through arenas the organisation can plan where they will be active in and which part to place most emphasis on for example technologies or value creation strategies. Only after determining this can they implement a positive change, leading to the next element, vehicles to get them where they need to be such as alliances. This can lead to change in management along with strategic partnerships, and the way managers transition to this change will determine if the strategy impacts on the overall organisation in a way that reinforces its purpose and goals. Partnerships indicate how an organisation can strengthen its capabilities by merging with businesses who possess the skills they lack. (Carpenter et al. 2010)
(i) Collaborative Advantage – This is the positive experience of collaborative alliances, which captures the synergy argument. The term has been defined as the beneficial factor or combination of factors one should achieve from collaboration. Partnership which handles social issues that would otherwise fall apart and help in development is defined as collaborative advantage. To understand the meaning of collaborative advantage we should know the common bases for collaborative advantage. These bases include –
Social entrepreneurs are individuals with innovative solutions to society’s most pressing social problems. Rather than leaving societal needs to the government or business sectors, social entrepreneurs find what is not working and solve the problem by changing the system, spreading the solution, and persuading entire societies to move in different directions. ust as entrepreneurs change the face of business, social entrepreneurs act as the change agents for society, seizing opportunities others miss to improve systems, invent new approaches, and create solutions to change society for the better. While a business entrepreneur might create entirely new industries, a social entrepreneur develops innovative solutions to social problems and then implements them on a large scale.
Entrepreneurship is an important aspect of social, economic and community life. It can be viewed as a critical factor to economic growth as well as a way of addressing unemployment (Nolan, 2003).Entrepreneurs are people who are persistently focused on identifying opportunities, they seek to create something worthwhile while taking into account foreseeable risk and rewards associated with the efforts (Nolan, 2003). Furthermore, entrepreneurs are frequently understood to be individuals who discover market needs and establish new business to meet those identified opportunities. The following assignment will firstly discuss the types of entrepreneurship, secondly it will discuss the reasons people become entrepreneurs, and thirdly it will discuss the importance of entrepreneurship.