WHAT IS SOCIAL ENTREPRENEURSHIP Social entrepreneurship refers to the study and research of opportunities that seeks to solve market problems in the world through social, economic and cultural business strategies.
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Showing posts from October, 2022
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WHEN FACED WITH SO CALLED PROGRESSIVE BUSINESSES, STAY SKEPTICAL RESPONSE The general idea of the article explains how although progressive businesses may provide an avenue for the development of progressive social change within our society and economy, they are not a substantial solution. The article highlights the tension between two business models known as the “classical business creed” and the “managerial business creed”. Economist Milton Friedman sought out to fortify the classical business creed which values the core features of a capitalist system which are commonly known for land ownership, competition within a free market and more. The general idea of the article hints that even though progressive businesses may improve the wellbeing of stakeholders, only the government can provide long term sustainable plans that target the welfare of all citizens. I believe there is some truth to the notion that progressive businesses. My view on a majority of modern pr
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HOW SOCIAL ENTREPRENEURSHIP REPRESENTS AGENCY IN A CAPITALIST ECONOMY The concept of a capitalist system typically revolves around free market and private property within the market. Although these factors create innovation within the market, they also tend to create inequalities. Social entrepreneurship seeks to solve inequalities and market problems through the operations of an enterprise. these enterprises may provide goods or services to individuals or communities who do not have access to it within the free capitalist market. Already there is a sense of a general incompatibility between both systems. The general idea is that the governments part in a capitalist system is not very well sustained which is where social entrepreneurship as an agency to play the role of the government within the market comes in.