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Social Entreprenuerism Final Paper - Coursework Example

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Today, an increasing amount of initiatives worldwide appear to be confronting the various obstacles, that have in the past, hindered businesses from offering services to the underprivileged in the society. En masse, these initiatives create a phenomenon that has been labeled…
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Download file to see previous pages epreneurship incorporates the inventiveness of basic entrepreneurship into the objective of societal change and provides visions that motivate new concepts for more socially appropriate and sustainable corporate policies and organizational models. Indeed, by engaging innovative forms of resources and merging them into new approaches, SE has become a fertile ground for the discovery and establishment of motivated models of value creation. The Institute for OneWorld Health in the US, Sekem in Egypt and Grameen Bank in Bangladesh are case examples that have adopted the concept of Social entrepreneurship.
Alongside this evolving phenomenon of Social entrepreneurship, another concept has emerged, that is ‘Social Business”. This paper, drawing from Muhammad Yunus’ Creating a World without Poverty investigates the idea of social business and using the Grameen/Danone joint venture as a case example, attempt to link social business and social entrepreneurship. In addition, this discussion also offers some critique of the ideas postulated by Muhammad Yunus as well as opinions regarding the "best practices" for an effective social entrepreneur and/or social businessperson.
Most of the world’s social problems continue to persist as a result of a shared misconception of the notion of capitalism. Consequently, individuals are regarded as one-dimensional entities whose main objective is profit maximization. Further, this one-dimensional conception of the free marketplace is entrenched in the notion of the ‘double bottom line’, whereby a company is expected to generate profit while at the same time, creating social change. In essence, the conventional business or economic theory ignores the existence of the multi-faceted, multi-dimensional nature of humans which negates the idea that all businesses must be oriented towards the single objective of profit maximization. However, Yunus believes capitalism in its current form, can be used as the device that determines ...Download file to see next pagesRead More
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