Social Entrepreneurship: Characteristics and Stages Analysis

This assignment delves into the realm of social entrepreneurship, exploring its core concepts and practical applications. It begins by examining the role of social enterprises in poverty reduction and their alignment with the United Nations' Sustainable Development Goals. The assignment then analyzes the characteristics of successful social entrepreneurs, emphasizing their ability to identify opportunities and execute business ideas while maintaining a focus on social or environmental impact. Furthermore, it combines these characteristics with the stages of a social enterprise, highlighting the most critical attributes at each phase. The study also investigates how globalization and technological advancements have influenced social entrepreneurship, along with the opportunities and challenges that arise in a changing world. The assignment concludes with a discussion on the models and approaches used by social entrepreneurs, emphasizing their contributions to society and the importance of sustainability and financial viability for long-term success. The assignment provides insights into how social enterprises can tackle global issues and contribute to a better world.

SOCIAL
ENTREPRENEURSHIP

Contents
INTRODUCTION.....................................................................................................................................3
QUESTION 1.............................................................................................................................................3
QUESTION 2.............................................................................................................................................5
(a)What are the characteristics you witnessed in this unit of great socialentrepreneursand how
important are they for moving from a big idea to execution? You can usean example that truly
inspiredyou..............................................................................................................................................5
(b) Combine the characteristics of great social entrepreneurs with the stages of a social enterprise.
Which are the most important characteristics in each stage and why?.....................................................6
QUESTION 3.............................................................................................................................................7
(a) How is social entrepreneurship cultivated by the recent changes in our world, suchas globalisation
and technology, the same changes that led Friedman to say that theworld isflat?....................................7
(b) What opportunities and challenges does ourchanging world pose for social entrepreneur.................8
CONCLUSION...........................................................................................................................................8
REFERENCES..........................................................................................................................................9

INTRODUCTION
An entrepreneur is a person who use to bear all the risk which are associated with new
business formation with aim of attaining something high from competitive market with support
of his/her new technique and innovation. Entrepreneurship is consider as activity which is done
by an individual to grab all market opportunities and make something profitable for society.
Social enterprise is the utilization of the systems by new businesses and different business
visionaries to create, store and execute answers for social, social, or natural issues (Dacin
, Dacin, 2010). This idea might be connected to an assortment of associations with various sizes,
points, and convictions. This present assignment is completely based on this methodology. This
study totally reflects upon that how an entrepreneur can provide benefit to society by adopting
various new techniques. Moreover all the challenges and opportunities are also described which
lead to face by an entrepreneur.
QUESTION 1
“I believe that we can create a poverty-free world because poverty is not created by poor
people. It has been created and sustained by the economic and social systems that we have
designed for ourselves; the institutions and concepts that make up that system; the policies that
we pursue.” This statement is correct because poverty is a curse which is created by human
himself. This is a result of commercial and communal system and the strategies which are
created by government. UN government formulate a policy according to which they set a goal
in which they want to make every possible thing through which poverty will get completely
removed. This shows consistency and work which is done by British authority in favor of their
nation. This is one of a major issue which affect whole nation and this is not acceptable at all.
Information recovered from the UN site tracks the destitution headcount proportion at $1.90
every day (as opposed to $1.25 every day) and in light of the present run rate utilizing this
benchmark, the UN objective to dispense with neediness by 2030 seems to be achievable.
According to this analytical data it is get completely identified that with the help of using
variety of schemes this major issue can sort out. Because this factor do not leads to affect a
single nation but affect the whole global economy from which many environmental disasters get
examine (Defourny and Nyssens, 2010). Global leaders and government have to get aware about
this cause. They should have to retrieve again and again such policies through which this issue
get resolved.
The Sustainable Development Goals (SDGs), authoritatively known as transforming our
reality: the 2030 Agenda for Sustainable Development is an arrangement of 17 "Worldwide
Goals" with 169 focuses between them. Led by the United Nations through a deliberative
procedure including its 193 Member States, and also worldwide common society, the objectives
are contained in section 54 United Nations Resolution A/RES/70/1 of 25 September 2015.
Several number of targets which set under this agenda is to eradicate poverty and hunger from
whole world. This is a major thing which is consider and take the priority position. Apart from
this another important element of this plan is to promote gender equality which is very low as per

considering whole world as one. In this context government formulate more and more rules
through which they empower women for making and creating better world. Age gatherings are
influenced contrastingly when hit with destitution; its most destroying impacts are on kids, to
whom it represents an incredible risk. It influences their instruction, wellbeing, nourishment, and
security (Santos, 2012). It additionally contrarily influences the enthusiastic and profound
advancement of kids through nature it makes. All these things are the basic element of this
sustainable development goals.
All these things get done if UN leads to work on them truly as per need and requirement of time.
This target can achieve with the help of social enterprises. They usually work in errand of society
so that they are consider as one of most supportive factor through which poverty can reduced.
Traditionally government have been lead to provide social services to general public. They
supposed to do work in making a fair and clear society. They lead to work in many new
innovations through which poverty can be abridged. The main target of social entrepreneur is to
work in relation to their mission which is completely based on different groups of society and
environment as well (Light, 2011). The main beneficiaries of these enterprises are people who
live in society. Same as business entrepreneur, social particulars are also accountable to their
stakeholders who provide finance to them and aid in their operations. Their working is
completely depend on their own and they are less depend on government funding. This factor
leads to describe that they are more resilient about all policies which formulate by government.
Social business person are firmly roused by the open door they recognize,
seeking after that vision determinedly, and getting impressive psychic reward from the way
toward understanding their thoughts. Notwithstanding whether they work inside a market or a
not-revenue driven setting, most business visionaries are never completely adjusted for the
time, hazard, exertion, and capital that they immerse their wander.
The communal business individual, be that as it may, neither foresees nor
arranges to make considerable money related benefit for his or her financial specialists –
charitable and government associations generally – or for himself or herself. Rather, the social
business person goes for an incentive as substantial scale, transformational advantage that
collects either to a huge section of society or to society on the loose.
The fruitful social business person makes coordinate move and produces another
and supported harmony; the social lobbyist impacts others to create another and managed
balance; and the social specialist organization makes guide move to enhance the results of the
present balance. There are various number of models and approaches which are used by social
entrepreneurs which describe this concept more specifically. Social organizations can work
either concerning benefit or philanthropic. For-benefits discover financing from speculators,
which must be reimbursed through value or profits. In these courses of action, figuring out how
to make the business productive, not only helpful, to a social mission is basic.

Charities have more breathing space. Their financing originates from gifts, either from people,
establishments or companies. Rather than a budgetary restore, these givers hope to see a social
profit for their speculation (Dacin, Dacin and Tracey, 2011). One disadvantage, nonetheless, is
that charities are vigorously dependent on gifts, which may not generally be enduring. Strikingly,
there is additionally a center street. A few organizations will assemble a revenue driven branch to
raise cash and bolster improvement, while additionally having a non-benefit branch to
concentrate on their group objectives, which enables them to look for help from contributors.
Which works best depends intensely on the kind of business, its objectives and how much
financing it should contact them.
While charities and for-benefits are the significant divisions, inside these there are an
extensive variety of plans of action that make a considerable measure of differing qualities in
how organizations give back, discover financing and work on an everyday premise.
Understanding the advantages and potential issues of the absolute most well-known models is
vital to building your own particular future social wander, as you'll either need to imitate some
of these components or maintain a strategic distance from the issues related with them through
better arranging and plan. The major three concepts in this scenario are as follow: Buy one, give
one; supporting local; donating to community. These are one of the best models which are used
in context of social entrepreneurship. Hence with proper assistance of social entrepreneurship
the target of no poverty might get achieve in 2030. The ultimate work of this concept is just to
provide proper support to society and mainly focus on those groups which are not able to
generate their one time livelihood.
QUESTION 2
(a)What are the characteristics you witnessed in this unit of great socialentrepreneursand how
important are they for moving from a big idea to execution? You can usean example that truly
inspiredyou.
One of the most powerful characteristics of any entrepreneur is their ability to see
opportunities where others see problems. This factor signifies its capabilities and make him/her
different from others. As per definition of an entrepreneur it is that person who used to bear all
risk and still want to create something new which is new in market. However, unlike profit-
driven entrepreneurs, social entrepreneurs add an additional layer to this characteristic in that
they use their vision to try and solve social or environmental issues. This shows that social
entrepreneur is completely different from any other business particulars. They only used to work
to generate high and high profit but nothing else whereas on the other hand social business
person add more ingredients into this concept. They use to work in favor of society through
which level of various communities went rise one more level (Nicholls, 2010).
The example of Who Gives a Crap is an example of this. Sanitation issues in developing nations
is an extraordinarily big issue which for many, would seem an overwhelming thing to try and
solve. However, saw an opportunity and established the business to try and address that.

An important characteristic of a great social entrepreneur is the ability to identify and
execute on the business idea. Although they are not motivated by financial gain, they understand
the importance of making the business financially viable and sustainable in the long term. A
social worker heart is not sufficient – for the enterprise to be successful, the entrepreneur must
also have a strong grounding in business principles. As per definition of social entrepreneur they
supposed to set a clear vision for their business and then start operating that to support more to
society. There are various number of individuals who work in this scenario and inspire many
youngsters to work for society as well apart from spending their most time on social media. One
of the best example is Greeman who is a founder of Greeman bank. It started this association
with very small amount and then expand it according to time (Dey and Steyaert, 2010). This is
one of a practical example that how a willingness of a person can foster him/her in their success.
Nothing can hinder a person in its development without losing hope. So with the aid of this
example many people should have to learn and start work for society as well.
(b) Combine the characteristics of great social entrepreneurs with the stages of a social
enterprise. Which are the most important characteristics in each stage and why?
There are various social entrereneurs are take place those are working for welfare of
society. In this asect, William "Bill" Drayton is the great social entrereneur who is work for
onlu society benefit. He is more innovative person who is work for welfare within the society to
remove poverty. They have access global network through country can reduce their poverty and
enhanve living standard. He is speaker of Ashoka which has been address to work on care of
people. With the hel of sharing ideas and oinion, people can work in their life (Bosma and Levie,
2010). However, generally people have motive to earn more profit and revenue through
implement new services and outcomes. Therefore, it assist to develop results in society to frame
activities and actions.
In this tye of entrepreneurship following are certain characteristics included at worklace:
No motive of earn profit: In social enterrise, people have no motive to enhance profit and
revenue. They are only determines high standard of living people at workplace. In particular
nation, it assist to work on GDP growth that assist to enhance brand image of the company.
Therefore, creativity and innovations could be expand in different areas of world easily (Smith
and Stevens, 2010).
Enhance living standard of peole: With the help of social entrepreneurship, in a country,
employment opportunity will be increase. Thus, it create imact on performances of employees so
that it would be beneficial to increase their standard of particular area. Through concentrate on
each person performances, people will easily know about working in place as per country
requirement (Choi and Majumdar, 2014).
Work in a team: Social entrepreneurshi also help to learn that how can people will
develop their performances to do work in a team. Therefore, it will assist to make profitability to
work on company objectives and goals. Through enhance loyalty and believe on each person,
people can make effective team so that it would be beneficial to attain overall targets and results
in specific areas (Chell, Nicolopoulou and Karataş-Özkan, 2010).

Reduce poverty from thr country: In working of team member with development of
objectives and goals, poverty also enhance at worklace. Through creating ideas and oinion of
people towards goals, enterrise will easily get particiation of different people. These
characteristics attract to people within the market to share their ideas and opinion towards goals
and objectives.
In this context, following are certain stages exlained with developing outcomes with
social entrepreneur:
Development of opportunity so that social entrepreneur so that objectives and goals can be
achieve in systematic way. It also develop performances which taken for enhance living
standard of a particular person in the business. With caring social activity, develoment will be
achieve easily (Bacq and Janssen, 2011).
During competitive advantages, social entrepreneur can work on the performance objectives.
Through understand issue and problem, it has been assessed that development of a articular
entrepreneur will done through social goals.
Resources can be determines and acquire for working in a group that helpful to develop results in
successful aspect. Through understand the creativity and innovation, entrereneur will easily done
their results. It create positive impact to enhance opportunity (Abu-Saifan, 2012).
At last all resources would be implemented that assist to promote performances in specific areas
with targets and goals so that it would be beneficial to attain overall results in successful manner.
QUESTION 3
(a) How is social entrepreneurship cultivated by the recent changes in our world, suchas
globalisation and technology, the same changes that led Friedman to say that theworld isflat?
In order to work in social group, there are several elements which assist to promote
effective results in entrereneurship. In this way, technology is play vital role in success of
results and performances. Through focus on Thomas L. Friedman, The World IsFlat:A Brief
History of the Twenty-firstCentury, it can be stated that in twenty century, there is high
technology upgrade and used that carry to make recent changes in the world. It includes
globalization of technology and create changes in the market. In this way, people are more
aware towards media and other internet sources as well. Thus, it would be beneficial to
undertake results in positive asect (Mair, 2010). Through focus on connection between social
entrepreneur partners are free to share their ideas and oinion towards the goals and objectives.
It also assist to develop results to access technology for conducting study of social entrepreneur
all over the world.
In addition to this, in globalization there are various elements has been implemented
which assist to grow effective results in the environment. In this aspect, ecosystem has been
implemented who have specilized legal assistance and other sources that create impact on
investors across the global areas. Organisations are also conncet various entrereneurs together
for developing solutions and ascertain results. For example, HBR and sabeti. This is because,
internet make easy things. It make imerative to success (Miller and et.al., 2012). It assist to

create effective results, which accomplish target to enhance global outcomes. With undertake,
different activities entrepreneur can ascertain results. Technology has been developed through
undertake changes at worklace.
(b) What opportunities and challenges does ourchanging world pose for social entrepreneur
There are various opportunities and challenges are take place that assist to make
ourchanging world for secial entrepreneur. With the help of different opportunity, challenges can
be overcome that are face social entrepreneur. It enhance outcomes and results to develop
performances of objectives. This activities assist to enhance performances and outcomes that
increase results. In this way, following opportunities assist to enhance results, for develoing
results (Nga and Shamuganathan, 2010).
Specialized legal assistance: with the help of social entrepreneurs, it is opportunity to the
company to enhance their positive outcomes which would be beneficial to attain overall targets.
In this aspect, special legal assistance need to be ascertain that carry for different employees
within the organisation. However, there are certain challenges also face by the social peole which
need to be removed fro the workplace. As per the business requirement, social entrepreneur will
easily develos performances at workplace (Bornstein and Davis, 2010).
Sympathetic source of capital from imact investors across the globe: Capital source is
also needed to develop effective results and perforances which would be taken through investors.
In order to assess the impact of legal assistance, there is wast opportunity towards social
entrepreneur to develo their performances. Thus, it assist to make sure results will achieve in
successful manner.
Connection of various entrepreneurs: In resect to make results and performances, there
are various connection has been develop by the entrereneur, this is because, when they are
working at global level, various oportunity take place which would be beneficial to attain overall
objectives and goals. Further, it determines results for ascertain targets at workplace (Corner and
Ho, 2010).
CONCLUSION
As according to this assignment it get clearly identified that an entrepreneur is a only
person who used to bear all market risk and convert them into opportunities. In this relation there
are various type of particulars who work in this field. Some of them work only for profit
generation. But social entrepreneur is an only business person who set society objective and give
it more weightage than profit generation. Along with that they also help in removing poverty
from all nations because they use society resources and manage them according to need of time.
This particular person see opportunities which are in form of risk. And with help of these
chances they convert many small ideas into big one. A business person is creative in nature and it
has some special characteristics through execution of plan become possible. But in making a
healthy and friendly world by converting all threats there are many problems which faced by an
individuals which hinder a person in make a clear and healthy society. Hence there are some
practical examples which assist in motivating any person with more creative ideas and change
them according to requirement of time.

REFERENCES
Books and Journals
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enterprise: International and innovation perspectives.
Choi, N. and Majumdar, S., 2014. Social entrepreneurship as an essentially contested concept:
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Mair, J., 2010. Social entrepreneurship: taking stock and looking ahead.
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Nga, J.K.H. and Shamuganathan, G., 2010. The influence of personality traits and demographic
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282.

Nicholls, A., 2010. The legitimacy of social entrepreneurship: reflexive isomorphism in a pre‐
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Santos, F.M., 2012. A positive theory of social entrepreneurship. Journal of business
ethics. 111(3). pp.335-351.
Smith, B.R. and Stevens, C.E., 2010. Different types of social entrepreneurship: The role of
geography and embeddedness on the measurement and scaling of social value. Entrepreneurship
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