Entrepreneurialism as an Agent of Change - Assignment Example

Entrepreneurship, today, is highly involved with the transforming ideas concerning the economic growth of a society or a country at large. There are certain numbers of characteristics that are involved with the effectiveness of entrepreneurs, such as self-confidence, sense of ownership, continuous learning skills, communication abilities, goal and system-oriented cognitive skills, and dedication towards the objectives with an optimistic point of view among others. According to the concept of Peter Drucker, an entrepreneur can be regarded as the person who essentially looks for changes and attempts to take appropriate actions on it developing those changes as a prospect of growth and success (Marks and Hunter, 2011).

Among the various notable entrepreneurs of this era, Lord Alan Sugar has been one. Born in the not so famed East London, he rose up to the occasion to be a member at House of Commons and to hold 89th place in the Sunday Times Rich List of 2011. Amstrad has been his most successful venture. The paper on entrepreneurship should also mention the Virgin Group Chairman Richard Branson, the 4th richest person in the UK. Virgin Megastores, Virgin Atlantic Airways, Virgin Mobile, and the expanded Virgin Records are a few of his successful ventures.

1.1.Critically Evaluate Entrepreneurialism as an Agent of Change in Both Public and Private Health and Social Care Sector.

In the modern-day context of healthcare and social organizations, the entrepreneurs are highly inclined towards gaining increased revenue or profit for the organization. However, social enterprises, nowadays, entail certain significant attributes related to governmental public policies. The enterprises of the globalized world focusing on developing entrepreneurship are different from traditional and socio-economic approaches which motivated the European countries to adopt developed legal frameworks. The contemporary scenario of the healthcare organizations is highly required to be conscious with regards to the environmental changes and implement suitable plans and strategies for the organization concentrated on its social benefits. Significant plans along with the appropriate strategies are more effective for the organization to put up internal strengths along with external opportunities taking into account the surmounting peripheral threats as well as interior weaknesses possessed by the concern. For instance, in the context of health and social care divisions of the UK, it has been observed that the current circumstances have perpetually increased the requirements for more efficient and cost control strategies. The reasons behind such inclination relate to the reduction in government’s financial support to the sector, involvement of private firms as well as expansion of the National Health Service (NHS) (Department of Health, 2009).

Therefore, in the modern phenomenon, the UK-based healthcare organizations within the private sector, as well as the public sector, continue to strive for achieving competitive advantages through cost-limitation and growth sustainability. The strategic decisions are the crucial factors that can encompass a long-term effect on the prospects of an organization with regards to its utilization of the resources, organizational influence to the environment and stakeholders, its competencies, and similar other socio-economic factors. Hence, the services offered by such organizations must include quality assurances that majorly involve effective understanding along with critical evaluation of quality management practices. It is in this context that the innovation brought by these organizations majorly constitutes a suitable design of the organizational process including the updated technologies along with the involvement of appreciation models and the concept of value accumulating method with performance measurement systems (Tapp, 2012).

In this regard, the UK government is focused on developing healthcare enterprises as one of the major and vigorous social enterprise sectors. The new approach of social enterprises focuses on the enhancement of the diversity of provisional facilities, along with increasing competition level among the NHS organizations as an innovative measure towards development. It is in this context that the innovative approach of NHS organizations attempts to encourage the private sector healthcare service providers to compete with its process which is intensely focused on developing a competitive environment and encouraging innovative measures with due consideration towards the ethical responsibilities of such institutions (Marks and Hunter, 2011). Therefore, the approach encourages a significant enhancement on sustainability, modernism, service, and community empowerment along with the encouragement of user and staff involvement with the aim to ensure that the local communities acquire responsibilities and appropriate systems towards better health control (Tapp, 2012).

In order to stimulate an effective form of entrepreneurship within the public sector, the inconsistency, uncertainty of purpose, and objectives are considered as the crucial factors by the healthcare and social institutions in the UK with due consideration towards encouraging flexibility and opportunity for the development of social well-being. The Modernisation Agenda of the UK government has been implemented with an aim to guide a quick and rapid improvement with regards to the need for innovative entrepreneurial reactions concerning the social responsibilities of the healthcare and social organizations along with economic trends and technological enrichments (Department of Health, 2009).