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Social Entrepreneurism Module WA1 - Coursework Example

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Most entrepreneurs in the environment consist of profit maximizing businesses which mainly exist in stable economies. Social entrepreneurs mostly exist in unstable economies. Social entrepreneurs believe that all…
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Social Entrepreneurism Module WA1
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Download file to see previous pages Model 2 enterprises- These are nonprofitorganizations that realize their funding from the surrounding environment and the business community. They operate to ensure a sustainable social value at the same time minimizing costs.
Model 3 enterprises- these are social organizations that depend entirely on private business funds. They operate as a business with their returns going to the investors (Dees, Emerson & Economy, 2002).
Value evaluation – these are the assessment activities carried out the business enterprises to come up with facts that help in decision making in the organization or assist the evaluators in generating periodic reports. Value evaluation involves assessment of issues such as the number of clients served over a certain period, the impact of the organization to the society and the environment and the level of customer satisfaction.
Strategic service vision- These are the goals and targets set by the organization’s management to be achieved after a set duration of time e.g. by the end of the financial period. Strategic service vision helps the management come up with the organizations objectives, missions and vision
Operating services strategy- these are the strategic plans and procedures laid by an organization on their daily operations. Different organizations have different service strategies depending on the products or services they provide.
Operating service strategies are important in helping the organization realize its goals, missions and objectives. Examples of operating service strategies may include maintaining their customers by getting their contacts and following up on their progress or ensuring a clean, tidy environment and maintaining proper hygienic standards to portray a good image of the organization.
The activities of value evaluation provide the facts and information required in decision making by the management. ...Download file to see next pagesRead More
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