Analyzing the Scope of Social Entrepreneurship in Large Organizations

This essay examines the scope of social entrepreneurship and its impact on organizations, highlighting its role in fulfilling corporate social responsibility and addressing societal challenges. It emphasizes the importance of building innovative goods and services to tackle issues in areas such as health, ...Read More

Running head: THE SCOPE OF ENTREPRENEURSHIP
THE SCOPE OF ENTREPRENEURSHIP
Name of the Student
Name of the University
Author Note

1THE SCOPE OF SOCIAL ENTREPRENEURSHIP
Introduction
Social Entrepreneurship strikes a right balance in building a business to ascertain
social objectives thereby returning the benefit to the society at large. The social parameters
like health, education and environment face issues which attract aspiring entrepreneurs to
address them by building innovative goods and services (Pache, and Chowdhury 2012). A
social entrepreneurship in large organization are crucial to sustain, expand and survive in a
cut-throat competitive world.
Role of Social Entrepreneurship
Social entrepreneurship plays a pivotal role in shaping the organization to fulfil its
corporate social responsibility and resolve the social obstacles inflicting the human resources.
This aids in capacity building, increasing productivity, establishing goodwill with the
stakeholders and target audience. It enhances working relationship with the employees which
has a multiplier effect on their performance (Augusto Felício, Rodrigues and Caldeirinha
2012). A large organization needs to build a positive brand identity and win the trust and
confidence of the public at large which can be achieved more prominently if an organization
generate adequate returns to the society.
Real Examples of Implementation
However, implementing entrepreneurship within a large organization requires capable
expertise who can meet the demand of the social objectives. It can be fulfilled by recruiting
socially active experts who can well analyse the social problems plaguing the society in rural
and urban areas and provide desirable and rational solutions to the problems. Biolite, a
vibrant social entrepreneurship which aims to save scarce energy resources of the world.
Biolite aims to build devices and products which uses solar energy. Solar energy is the most
abundant resource which can be tapped to build products to save energy at a very affordable

2THE SCOPE OF SOCIAL ENTREPRENEURSHIP
price. These products can be used in the large multinational companies as well as in the
household to save scarce energy, reduce pollution which indirectly reduces health problems
due to global warming and increasing temperatures. MNCs should contribute towards
increasing environmental hazards arising due to massive industrialization thus deteriorating
the quality of life led by the society as a whole. Soma Water, is another innovative solution
for water filtration to tackle the scarcity of potable water. Popularising the use of eco-friendly
products to resolve the scarcity of potable water can help the business to imprint a positive
social impact on the society (Sedge 2018).
Desired Structures
In order to reduce the impact of global warming, relevant structures need to be
adopted within the organization to encourage the use of renewable resources. A proactive role
of employees and common consciousness regarding an issue must be build to achieve a
collaborative effort for redressal. The adequate personnel can be hired to promote the use of
innovative products not only among employees but also among the public at large (Park,
Kim, and Krishna 2014). Such innovative products can be promoted through social media
and digital marketing coupled with availability of these products in critical areas with greater
need of these products.
Conclusion
Ever increasing pressure on limited resources, there is dire need of judicious and
optimum utilization of the resources. Social entrepreneurship aids in nation building since
welfare of the society is an important aspect of the organization. Integrating social motive in
organization can improve the lives of human which brings prosperity in the economy of a
country.

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References
Augusto Felício, J., Rodrigues, R. and Caldeirinha, V.R., 2012. The effect of intrapreneurship
on corporate performance. Management Decision, 50(10), pp.1717-1738.
Pache, A.C. and Chowdhury, I., 2012. Social entrepreneurs as institutionally embedded
entrepreneurs: Toward a new model of social entrepreneurship education. Academy of
Management Learning & Education, 11(3), pp.494-510.
Park, S.H., Kim, J.N. and Krishna, A., 2014. Bottom-up building of an innovative
organization: Motivating employee intrapreneurship and scouting and their strategic
value. Management Communication Quarterly, 28(4), pp.531-560.
Sedge, T. (2018). 22 Awesome Social Enterprise Business Ideas - theSedge.org. [online]
theSedge.org. Available at: https://www.thesedge.org/socent-spotlights/22-awesome-social-
enterprise-business-ideas [Accessed 21 Sep. 2018].