Social entrepreneurship Essay Example | Topics and Well Written Essays - 1000 words

amicable entrepreneurship - Essay ExampleWhile this aspect may seem obvious, the distinction interests me deeply because of favorable entrepreneurships potential to produce find outputs that could solve the perennial social problems much(prenominal) as income disparity, monopolies and so on. We should remember that we have been under some economic systems but our world is still confronted with issues such poverty, exploitation and so forth.In the course of my studies and research in this field, I have come across a lot of business models that sought to lay what constitutes business and its purpose. There has been some degree of confusion for me since it seemed logical and reasonable to follow the popular economic theories, such as those of Milton Friedmans which place network as the main objective of a business existence. This was where things got interesting because the concept of the social entrepreneur disproved some widely accepted notions, say, in terms of the stakeholders in an enterprise. For the traditional business people, the sole stakeholder in a business organization is the stockholder or the owner of the capital and that the management is working for his benefit. In social entrepreneurship, the stakeholder is not only the entrepreneur but they include the community, the employees, their clients and all the participants in the organization and its operation.The attributes cited by William Drayton, which differentiates an entrepreneur from the social entrepreneur further underscores my point Social entrepreneurs have the same core temperament as their industry-creating, business entrepreneur peers but instead, use their talents to solve social problems. (Drayton, 2002) If this concept would be refined into a successful business model and integrated in the mainstream, then there is a chance of a radical positive change not practiced in business but in the society as well.In line with the previously mentioned pearl the second important point tha t I would desire to discuss