Entrepreneurship and Study Samples for Students †MyAssignmenthelp.com

Question: Discuss about the Entrepreneurship and Study. Answer: Social entrepreneurship though lacks a coherent or rigorous definition has attracted the attention of social theorists, researchers and policy makers due to the inter-relation of social mission and business-like discipline that it involves (Chell et al. 2016). In social entrepreneurship, one addresses his/her social goals, the immediate social, cultural and environmental issues are addressed. In these organizations the economic activities are optimized for securing the best for the society. Often these organizations are partially depended on private sectors so that as a consequence both the parties are in an advantageous position. Any student with a keen interest in sociology will know that social entrepreneurship requires intense research which would be fundamental for the entrepreneurs to address the areas of distress. Social entrepreneurship is far more desirable than for-profit entrepreneurship, in my opinion, as it involves a thorough identification, critical analysis, evaluatio n and adequate usage of opportunities that will result in social development. An active social entrepreneur therefore in the first place, needs to adequately identify the opportunities to advance with the measures to meet the adequacies and requirements, eradication of social problems and creation of social values (Chell et al. 2016). The basic difference between social entrepreneurship and profit entrepreneurship according to my opinion is the methodological planning so as to spend minimum of resources to address the social problems by government, nonprofit and private business sectors. There has a major sprawling up of for-profit organizations with the aim of catering to social needs. It involves a rather subtle blend of profit and social objective. It is not much favorable in my opinion since for-profit entrepreneurship has very often resulted in conflicts regarding the amassment of profit and acquiring power within the social structure. The organizations which are created in leg al manner for serving social objectives apart from making an iota of profit for themselves sometimes result in profiting a single group of individuals at the cost of many. These ventures often measure their success in the light of impact that has been created rather than measuring it against a quantity of work. This is more than often due to a lapse in their decision making process and lack of inherent moral consciousness. One of the positive perspectives that I have gained in the area of entrepreneurship is that social entrepreneurship requires dedication and hard work. The mere usage of shrewdness can result in an absolute failure in the entire functioning of the organization. It is precisely due to this reason that a number of organization needed to go through a thorough scrutiny of financial records by a strict auditor. Whereas, in the sector of social entrepreneurship have held a record of functioning successfully with an adequate usage of data collection and storage creating a reputation for itself in the market. After studying in-depth the theories on entrepreneurship, I have realized that social entrepreneurship is more valuable in a society gripped with problems like starvation and death. I would definitely like to adhere by the principles of social entrepreneurship, honesty and integrity in the field of entrepreneurship. With the help of innovation, social entrepreneurs can both be considerable help to the society and invest practical solution within the social framework. My recent study on social entrepreneurship has made me realize that for the best implementation of societal change, social entrepreneurship is more desirable as for-profit entrepreneurship tends to get corrupted due to factors like money and ownership and liability (Chowdhury2017). In the domain of entrepreneurship high growth entrepreneurship aims for dominating the market and incurring profits. One of the many advantages of high growth entrepreneurship is that it creates employment opportunities in the given industrial sector (Phillips et al. 2015). As per data and records most of these high growth firms are young or start-ups and therefore require a careful marketing strategy to develop and function. High growth entrepreneurship has been stimulating the growth of new jobs and a strong competition in the market for survival, law and legislation and bankruptcy. As per data, a number of high-growth entrepreneurship has collapsed due to their inability to survive in the competitive market (KritiKoS 2014). However, it goes without saying that high growth entrepreneurs also face a high risk of failure and the challenge of surviving amidst difficult requirements of the market. Lifestyle entrepreneurship involves the entrepreneur is not as much as about making profi t as it revolves around changing ones lifestyle and patterns through the medium of business. It revolves around the personal perspective and outlook of the individual which remains at the heart of decision making (Gomez-Breysse 2016). As far as my choices are concerned I would comply with lifestyle entrepreneurship over high-profit entrepreneurship. My new learning on the subject of entrepreneurship has helped me to understand that lifestyle entrepreneurship requires a far greater involvement of ones talents and involvement with the society which can be advantageous while addressing or eradicating social issues. As Baumeister claim, one can only address social problems when one truly sees himself/herself in relation to the other people, when the individual integrates himself within the surrounding culture, he/she can work for the society (KritiKoS 2014). As it is, lifestyle entrepreneurship is more passion driven which is a fundamental aspect of entrepreneurship as I have learnt dur ing my study. High growth entrepreneurship can furthermore witness in restructuring and therefore deviating away from their true purpose, since they are more profit-oriented. References: Chell, E., Spence, L.J., Perrini, F. and Harris, J.D., 2016. Social entrepreneurship and business ethics: Does social equal ethical?.Journal of business ethics,133(4), pp.619-625. Chowdhury, F.N., 2017. A Study of Entrepreneurship Development in Bangladesh: Pros and Cons.Journal of Asian Scientific Research,7(1), p.1. Dees, J.G., 2017. 1 The Meaning of Social Entrepreneurship. InCase Studies in Social Entrepreneurship and Sustainability(pp. 34-42). Routledge. Dentchev, N., Baumgartner, R., Dieleman, H., Jhannsdttir, L., Jonker, J., Nyberg, T., Rauter, R., Rosano, M., Snihur, Y., Tang, X. and van Hoof, B., 2016. Embracing the variety of sustainable business models: social entrepreneurship, corporate intrapreneurship, creativity, innovation, and other approaches to sustainability challenges.Journal of Cleaner Production. Gomez-Breysse, M., 2016. The Lifestyle Entrepreneur.Revue de lEntrepreneuriat,15(3), pp.231-256. KritiKoS, A.S., 2014. Entrepreneurs and their impact on jobs and economic growth.IZA world of labor. Masurel, E. and Snellenberg, R., 2017. Does the lifestyle entrepreneur exists? An analysis of lifestyle entrepreneurs compared with other entrepreneurs on the basis of the development of entrepreneurial competences.Research Memorandum, p.1. Phillips, W., Lee, H., Ghobadian, A., ORegan, N. and James, P., 2015. Social innovation and social entrepreneurship: A systematic review.Group Organization Management,40(3), pp.428-461.