Entrepreneurship, Innovation & Creativity: Concept Plan for Independent Retail Shop

Managing
Entrepreneurship,
Innovation &
Creativity

Contents
TASK 1...........................................................................................................................................1
My Story......................................................................................................................................1
TASK 2............................................................................................................................................1
What is social entrepreneurship? What are the motivations in setting up a social enterprise?...1
TASK 3............................................................................................................................................4
Concept Plan................................................................................................................................4
CONCLUSION..............................................................................................................................10
REFERENCES..............................................................................................................................11

TASK 1
My Story
I am more inclined to be an entrepreneur as I believe that I will be able to exploit my level
of knowledge relevant to this industry and gain profit to venture/ organisation that I am being
part of. But it is very important for me to gain appropriate experience and knowledge so that I
will be able to succeed in the future. Presently, I am being a student of Business and
Administration studying in the university in the United Kingdom. I come from a middle class
family with appropriate financial and other resources to fulfil requirements of my further
education. My parents have been really supportive of the education I am pursuing and carry a
higher degree of expectation from me. I contribute all the time that I have in fulfilling
requirements of the criteria under university curriculum. I have been really focused about my
studies and wish to pursue a career in Marketing domain. This section have always fascinated me
and carries a highest scope of growth and development in the present economy.
There are numerous skills and characteristics which I will be bringing to the
module. The primary skill that I possess is management. I have been able to deal well with
resources that I possess and are able to exploit the same whenever required. This skill will be
helpful in dealing with numerous resources that an organisation tangible or intangible. Optimism
and extraversion nature will be helpful in getting to know other's experience and employ the
same in my venture. The courageous and risk taking nature will be helpful in undertaking
opportunities that other perceive to be dangerous.
TASK 2
What is social entrepreneurship? What are the motivations in setting up a social enterprise?
Social entrepreneurship is regarded as an approach through start up firms as well as
entrepreneurs where it can create, fund and execute solutions to cultural, environmental or social
problems. Moreover, this particular concepts is utilised to a board range of company that vary
into aims, feeling and size. In current times, social entrepreneurship is considered as the
revolution all over the world. Individuals from several life walks are developing as well as
executing efficacious, creative as well as sustainable solution for battle challenges of
environmental as well as social (Tidd and Bessant, 2018). All these solutions involves products
and services for profitability or non profitability initiatory. In addition to this, social
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entrepreneurship is whole regarding creating research to completely states a specific social issues
thereafter arranging, developing as well as managing a societal ventures for accomplishing the
expected modification. The changes can or can not involve a thorough removal of social issues.
Also, it may be a lifetime procedures concentrating upon the development of existent situations.
The one who support this particular entrepreneurship may concentrate upon its resources upon
developing as well as strengthening a identifiable as well as concrete areas. Moreover, the
proponents of this operates the risk of providing skeptics an ever exploring targeted to
concentrate at as well as the cynics are also the major reasons for discounting social innovation
as well as to those who leads this.
As per the Greg Dees, the social entrepreneurs are person with creative solution to
community's most pressing social issues. They are ambitious as well as persistent, face huge
social problems as well as provides new ideas for a changes of boarder scale. Social
entrepreneurship is growing rapidly that assist in increasing attention of several sectors. It shows
the motive of entrepreneur that why they want to introduce their idea in target market (Kuratko
and Morris, 2018). The phenomenon towards social entrepreneurship is based on popularity of a
venture that assist an organization to attain their target goals and objectives effectively by
promoting their services in front of target customers. Potential benefits that are offered by social
entrepreneur are clear and it promoting several funding practices in order to magnitude return is
less clear. Thus, in market several immense activities are conducted that are based on social enter
venture.
Some examples of social entrepreneurship are discussed below:
 TOMS: When an organisation are established, they utilised its “ one for one” idea to
shoes. For each pair of TOMS shoes purchased, the firm donated a pair to a required
child. They have since explore the one for one concept to eye wear, tote bags and coffee.
 Badala.org. The Joelle McNamara is the founder of Badala while she were in higher
school. Its commercial sites which develops jobs for African women through selling the
goods they produce. Products ranges from jewellery to wooden utensils of kitchen.
Apart from this, the example of social entrepreneurship involves micro finance
institutions, facilitating banking services and others. It efforts are integrated to a notion for
addressing unaccomplished requirements into societies which has been unnoticed or not granted
access to services, goods or base that is crucially available into more developed nations.
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