Social Entrepreneurship: Impact and Growth Report - [Course Name]

This report delves into the realm of social entrepreneurship, examining its core principles and practical applications through the lens of startup companies. It explores how these ventures develop business models to address cultural and social issues, aiming to introduce innovative products that satisfy market needs and contribute to national development. The report highlights examples like Barnsley Community Build, Cawthorne Children's Centre, and CASA. It then investigates the scope, growth, and development of entrepreneurial ventures, comparing small and large businesses, and analyzing entrepreneurial typologies such as lifestyle and growth-oriented approaches. The report further examines the impact of micro and small businesses on the economy, emphasizing their contributions to employment, innovation, and overall economic growth, particularly within the context of the UK economy. Statistical data illustrates the positive contributions of these businesses in employment generation, turnover, and overall economic development, underscoring their importance in motivating innovative products, providing employment opportunities, and fostering social and economic growth. Finally, it highlights the significance of startups and small businesses in driving social economic development.

Social entrepreneurship: One of the approach initiated by start- up companies
addition to entrepreneurs where business model is developed, funded together with
implemented to provide solutions for cultural and social issues. These
entrepreneurship have intention to introduce unique and innovative commodity
that can result in more satisfaction of society's needs along with requirements of
market so to make various national developments. Barnsley Community Build,
Cawthorne Children's Centre and CASA are part of social entrepreneurship.
Scope, growth and development of entrepreneurial ventures.
Like other businesses, entrepreneurial ventures are considered are equally
important as the scope with development is increasing due to more investments by
individual in new business despite of taking 9 to 6 jobs. The scope of small
ventures is wide due to performing numerous activities with less resources or
technological requirements. In addition, these entities have moderate growth
opportunities due to their limited profits. They contributes 52 % of overall revenue
which shows that these are part of developing category for growth enhancements
(Growth of small enterprises. 2018). Where as, large companies have wide scope
as they manufactures goods in bulk and attain growth through capturing large
proportion of market share that shows huge opportunities are available to these
enterprises for expanding growth. In UK, there are about 750 million entities
performing operations at large scale that shows wide scope to attain growth in
global market. In contrary, social entrepreneurship is another concept that is
acquiring growth by providing job facilities to approximate 1.44 million residents
for improving society's condition, improving business standards together with
resolving issues. All these shows the workings of ventures towards path of
acquiring growth objectives along with making huge developments (Growth of
social entrepreneurial venture. 2019).

Purpose of
existence
To earn
livelihood for
family
members.
To attract
crazy
investors and
putting
intangible
ideas into
tangible
commodities
that can
change the
world.
To earn huge
proportion of
profits with
market share.
To deliver
welfare to
needy as well
as poor
individuals.
Key features Utilises
limited
resources.
Have wide
scope due to
diverse
activities
Expanding
business
towards large
scale in
limited
duration.
Allures
numerous
venture
capitalists for
investment
purposes.
Works in
finite
business
series.
Attains
growth
through new
product
offerings as
well as
sustaining
innovations.
Objective to
set the
business is to
construct a
better place.
Creates
commodities
that can
satisfy with
resolving
social issues.
Despite of differences, entrepreneurial ventures also have similarities
that are as follows:
• All entrepreneurial ventures are established to focus on
satisfying needs, wants and preferences of society and its members.
• Every entrepreneurial venture has unique innovative idea that is
framed by respective entrepreneurs.
• These ventures offers job opportunities for society upliftment as
well as aims to provide standardised life to enclosed people.
Entrepreneurial typologies
Typologies of entrepreneurship are as classified:
Lifestyle typology: in this, entrepreneurs performs actions for improving living
standards of local together with regional people by offering employment
opportunities as well as serving innovation products that can eliminate problems
with society. Lifestyle typology is closely interrelated with social
entrepreneurship as social entrepreneurs makes efforts to improve society
lifestyle by understanding problems and accordingly delivering innovations that
results in issue resolution with improving lifestyle.
Growth typology: The entrepreneurship is based on earning maximum revenues
as well as sustaining growth. It leads the business towards faster capital
accumulation. It is related with scale start-up and large company
entrepreneurship as both businesses introduces new innovations to satisfy
desires of market in proper manner and to acquire growth opportunities to lead
competitive advantages.
Similarities along with differences between ventures of entrepreneurship.
Differences:
Basis of
differentiatio
n
Small business Scale
startup
Large
company
Social
entrepreneurship
Definition Entrepreneurial
ventures that
requires limited
resources, less
investments and
negligible
technologies are
small business
entrepreneurship.
Scale
start-
ups are
defined
as
ventures
that
operates
with the
aim to
change
the
world
with
their
vision.
Large
company
are said
to the
business
concerns
which
works in
finite
business
cycle to
offer
unique
products
which
are
variant of
Social
entrepreneurship
are the business
units that creates
products after
understanding
society problems
and delivering
such products to
resolve issues as
well as converting
the world into
better place.
INTRODUCTION: Entrepreneurship involves dynamic procedures to build
incremental wealth together with innovative valuable things which results in
welfare of society. It results in building of entity through assembling addition to
coordinating with all resources to lead towards objectives achievements by
managers skills.
Entrepreneurial ventures with relation to typologies.
Entrepreneur: People who explores new product possibilities with new
methods or inventions in order to make innovations available in market are
entrepreneurs.
Entrepreneurship: Incubator of innovation is defined to entrepreneurship. In
other words, the term is described to advent of new undertaking specially small
venture so to materialize innovative ideas or thoughts of entrepreneurs. It is
among the field in which an individual start venture idea that ends up as a giant
enterprise. There are various entrepreneurial ventures that are listed below:
Small business entrepreneurship: The ventures that are independently owned
with limited capital and resources are said to small business entrepreneurship.
These ventures operates at small scale in order to serve local residents as well as
earning revenues for family members. Tuition teachers, electricians,
photographers, carpenters and grocery stores are part of small scale businesses.
Scalable startup entrepreneurship: The business where an individual has
creative though and they look for adaptable along with repeatable action
planning by attracting venture capitalists refers to scalable startup
entrepreneurship. The company under such venture type is starting with the aim
that the vision can be able to make numerous changes in present nation. Once
venture capitalist are found, business men changes their emphasis towards
fuelling up rapid growth. Successful example is Online shopping under scalable
startup entrepreneurship.
Large company entrepreneurship: This form of venture requires huge resources
for execution and management of activities in effectual manner as the production
of commodities is done at large scale. Such ventures earns huge profits and have
power on finite life cycles. Changes in legislations, customer buying behaviours,
technologies and arrival of new competitor pressurises these business for
disruptive innovations. Yahoo, BBC, Titan and Microsoft are some large
company entrepreneurship.
Entrepreneurship and small business

As per the statistical data, it can be interpreted that small and micro business
positively makes contributions for innovational growth together with other
aspects. The data states that small organisations contributes in employment
generation (48%), overall turnover (33%) and other business (99.3%). At same
time, medium companies contributes in providing employment opportunities
(12%), turnover (12%) as well as on other business concerns (0.6%). Taking into
consideration, large companies contributions in employment (40%), overall
turnover (53%) and other businesses (0.1%) are made. Considering contributions,
it states that these business results in impacting on employment generation,
raising living standards, increasing foreign exchanges and improving
infrastructural facilities that improves and strengthens UK's economic position.
Importance of start-ups with small businesses towards social economic growth.
Social economy comprises cooperatives, mutuals, not for profits,
foundations and voluntary despite of paid activities which are carry forwarded
within communities and across boundaries of national economy through sharing
individual primacy together with memberships. Start up business concerns
attracts venture capitals and financial hubs for innovations and global expansion
that acts as essentials for social economic developments. Following are the
importance of small and startup entities in context to social economic
development:
Motivating innovating products: Small businesses addition to start-ups
starts their initiations with the aim to launch innovations. New ideas or
innovations attracts markets and results in satisfying demands in satisfactory
aspects. The UK economy has faced severe problems after Brexit that created
hurdles for large companies by reducing profitability. Small companies by taking
advantages of such situations have expanded their product offerings, satisfying
demands and improving profits which acted as contribution towards social
economic development.
Providing employment: All organisations require workforce and same
was with small entities and start-ups. These business have attracted people who
were rejected by large companies and hired them to execute distinct operational
tasks. Providing employment to local residents as well as unemployed individuals
contributes in resolving social issues that stimulates social
Interpretation of relevant data illustrating the ways micro or small businesses
impacts on economy.
Small and micro entities makes various contributions for rising national
income of the country together with developing economic position in global
aspects. By executing the business practices, these businesses helps in dealing
with problems concerned with poverty, fluctuations in economic cycles and
shrinking national income. They improves nation's growth through developing
urban addition to rural areas. Entrepreneurs of these business concerns have huge
skills, talent as well as knowledge that helps in influencing general public top
make purchase decisions so that business sales increases and growth is enhanced.
The business concerns are more stable than other form of ventures because of
their limited scale and expansion scope.
While UK was facing impacts of Brexit, small businesses have initiated
their contributions towards development of UK economy through formulating
actionable policies and making implementations at accurate time that resulted in
huge business profit margins as well as economic growth enhancement. With this,
micro and small organisations have gained recognitions, growth and venture
developments.
Data interpreting impacts of micro with small ventures on economy.
(Source: Impacts of business concerns on UK economy. 2019)