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SE: Written Assignments 2 - Coursework Example

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Literally defined social entrepreneurship is when common citizens take responsibility and build institutions that are aimed at solving social problems. These institutions are built or are transformed and are usually indulged in solving problems of society like poverty,…
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SE: Written Assignments 2
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Download file to see previous pages The first type is a Leverage nonprofit organization. This is when the enterprise has a mission of transforming the society within a defined community by using their own initiatives to move towards a planed vision. In doing so, they do not expect any primary influence from external sources. In this model, the focus is on attaining sustainability by leveraging the resources that are freely available within the community. In other words, this is the model that promotes self sustainability. Later, when required, there could be a call for external resources that can be applied to the internal ones. Such enterprises are usually funded by the government or external grants. The focus is also on community development. For example. A restaurant that is opened and run on this model would hire youth from within the community to prove pay and job training
Second one is the Hybrid model that lies between the profit and nonprofit category. Here, the social entrepreneurs are largely nonprofit but they sustain themselves by earning enough in order to support their business. Even though there is profit involved in this model, the social aspect of the enterprise remains the primary purpose.
The third and last method is the social business method which is very similar to a regular profit based business model. Maximization of profit is the primary motive but the focus and vision is always to implement and achieve the social mission. Once profits loom, the business moves away and concentrates on the core social mission.
All of the above mentioned methods work on the basis of social value. This is where one individual gets the drive and passion to work towards the betterment of humanity. Social value is the passion that inspires an individual to work for a social cause. Such elements inspire the person to place personal profits and benefits secondary. This is what is most integral when it comes to running a social enterprise. Once ...Download file to see next pagesRead More
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