Compose a 2000 words assignment on social enterprise. Needs to be plagiarism free! The challenges that the organizations face are also discussed and how to address arising issues.
Social enterprises can be referred to as mission-driven organisations which aim at achieving social purpose through the applications of market-based strategies. Diana (2008) shows businesses aim at achieving social and environmental goals thus making the world a better place. Some of the organisations involved in achieving social goals include non-profit making organisations or non-governmental organisations. They instead use business models to attain their mission targeting the social, environmental and financial achievement which is shown as a triple bottom line. This aim remains throughout their operations, unlike other commercial businesses where social factors are regarded as objectives to be attained after gaining profits.
Social enterprises also aim at maximising shareholders value and the profits they make improve their social and environmental strategies. Social entrepreneurs have various kinds of characters one includes being ambitious. This is where the entrepreneurs are able to deal with various social issues such as poverty as well as offering equal opportunities to all or form joint ventures with other such non-profit and profit-making businesses. Social entrepreneurs are also mission-driven which shows that their aim is to generate social values to all and not revenue. They, therefore, have a social vision in which they focus on attaining it. Lincoln (2006) describes that they are also strategic in that they work towards improving their systems and come up with new methods of achieving their social goals. Social entrepreneurs are also resourceful where they ensure that all resources are in order for example human and financial resources which make it easy to access support systems. Social entrepreneurs are also results-oriented where they aim at attaining better results such as those that improve quality of living, allows one to access basic wants and helps the lee fortunate individuals.
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