Please no copying. No handwriting. In the process of social entrepreneurship, th

Question

Please no copying. No handwriting.

In the process of social entrepreneurship, the social entrepreneur seeks to create social value. Briefly, explain what this might mean in terms of social responsibility and how might this differ in context of the global organization? Give an example to demonstrate your understanding of social entrepreneurship. What is the resource theory of social entrepreneurship?  When a company lacks a business ethics program, what may occur?  What aspect of social entrepreneurship aligns with the commercial approach of "business-like approach"?

Explanation / Answer

Introduction: A social entrepreneur is nothing but, a person who pursues novel applications that have the potential to solve community-based problems. It includes microfinance institutions, educational programs, providing banking services in underserved areas and helping orphaned people etc.,

Unmet social needs: A social entrepreneur aims to create positive changes in society through their initiatives by connecting to a notion of innovative solutions are developed in order to address unmet social needs. Besides, seeks to address imbalances in such availability, the root causes behind such social problems. The main goal of a social ntrepreneur is not earn profit, but rather to implement widespread improvements in society, however a social entrepreneur must still be financially savvy to succeed in.

Social responsibility differs in globe; social responsibility is differ in context of the global organization. It is differs from sector to sector, country to country. in this context it is necessary to understand the specific regional, national, and international context in which companies practice social responsibilities.

For example;

2. One of the major andunique initiatives is the “Sustainable tea” program. On a partnership-based model with the Rainforest Allieance, Unilever aims to source all the its LIPTON and PG Tips tea bags from Rainforest Alliance Certified farms by 2015. The Rainforest Alliance Certification officer farms a way to differentiate their products as being soically, economically and environmentally sustainable.

Resource theory of social entrepreneurship;

The theory of social entrepreneurship is an appropriate approach since the literature states athat social and commercial entrepreneurs effectively manage resources to reach goals and objectives. It depends upon organizational capabilities provide both the opportunities for alliance formation and the chance to gain public support, which is need to raise capital and create social value.

Company Credibility:

If company lacks a business ethics program, then it may results that company business loses creditability. In some businesses survive public knowledge of lack of ethics through reimaging and advertising campaigns, it for only temporary. It never gain consumer confidence.

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