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SEMINAR INTERNATIONAL DEVELOPMENT II

Student Name: Kuria Joseph Nganga

Student Id. No. UB42244HCO51045


SOCIAL ENTERPREUNEURSHIP

Based on Oxford Business School 2009, Social entrepreneurship is the product of networks, people and

organizations that challenge standard constructions by identifying new opportunities in the institutional

arrangements and addressing failures that currently cause inadequate supply or the unequal distribution of

Environmental and social goods. Social Entrepreneurship demands innovations that focus on shifting markets

and systems and those that change heads and hearts. Social entrepreneurship signals the imperative to drive

social change, and it is that possible wages, with its lasting, transformational gain to society, that sets its

professionals and the area apart.

Although the possible advantages offered by social entrepreneurship are clear to many of those

financing and encouraging these actions, the actual definition of what social entrepreneurs do to produce this

order of magnitude yield is less clear. The truth is, we would assert the definition of social entrepreneurship

today is anything but clear. As a consequence, social entrepreneurship has gotten so inclusive that it now has an

enormous tent into which all manner of activities that are socially valuable fit.

Social entrepreneurship also refers to the practice of combining amazing thoughts on resourcefulness,

innovation and opportunity to address critical issues to the public including environmental challenges,

unemployment, economic and societal problems like poverty and hunger. In this, social entrepreneurship

incorporates knowledge from imagination, management, entrepreneurship, and innovation.

In todays world, social entrepreneurs are drivers of change. That is, its through them that our economy

has been improved as the young people together with the girls in the society are empowered to not be self-

dependent on their income generation activity. For example, in Africa women are also being prepared and run

business of their own thus the new civilization empowered people to enterprise on different company and has

cut of the traditional limitations. Entrepreneurs also perform other functions that generate worth. Some increase

is being generated by any enterprise including a hardware or restaurant store through its presence in a

competitive marketplace in the private value captured by others. By offering new jobs, they keep existing

businesses from underpaying their workers; existing producers are kept by them from overcharging otherwise
possibly exposed consumers by offering new goods and services. The existence of entrepreneurial activity in

markets and the ultimate re-investment of residuals do nothing less than create the chance for economic growth

and social advancement.

Also, it is clear that, social entrepreneurs have measurable impact together with institutions, networks,

and communities, and create options that are reliable, efficient, transparent, sustainable. By this, social

entrepreneurs focus on transforming systems and practices that are the root causes of poverty, marginalization,

environmental deterioration, and accompanying loss of human dignity. In thus doing, the entrepreneurs set up

for-profit or not-for-profit organizations, and in either case, their primary objective is to create sustainable

systems change. Yet, according to Pallotta, 2008, p.7 restricting a nonprofit organization's ability to invest in the

future is denying them a more Sustainable existence.

Creating a Fresh Civilization through Social Entrepreneurship, Patrick talks on individuals that are

advancing their citizen sector movement, our economy and some of the leading organizations that are emerging

about the global movement of social entrepreneurship. On Creating a New Culture through Social

Entrepreneurship Patrick Apptit presents examples of how innovative people handle and strategy social

difficulties that trigger systemic change through the entire world now.

Based on Patrick Apptit, humanity is faced with economic recession and the most dangerous fiscal

crisis since the Great Depression. Political leaders, national ministries of finance, and central banks around the

globe are trying to prop up their nations' economies that are sinking and arrest an economic stimulus, as well as

a downward economic spiral by bank bailout strategies and revolutionary financial rescue and recovery bundles.

These measures are being taken to reestablish trust in the market and to activate an economic resurrection.

Despite these efforts, stagnation appears at hand, as uncertainty leads businesses and consumers to set spending

and investing decisions on hold.

Entrepreneurs, notably of large multinational

Corporations have played an important role in shaping todays procedure of globalization. Most of the

worlds entrepreneurs such as many of them, Bill Gates of Microsoft and Mark Zuckerberg of Face novel have
considerably affected economic globalization and gain. Nonetheless, there are still many individuals who never

have appreciated the advantages of economic globalization (Davis, 2002). This is the great challenge that we

need to face. There's a need to review entrepreneurship should be identified and conceptualized.

Hence, the part of governments is an important variable in determining the operating environment based

on best practices. Regrettably, many governments encourage entrepreneurship while failing to offer an

empowering environment to entrepreneurs. As a consequence, social entrepreneurs including Dr. Yunus and

Grameen bank are trying to create alternate financial services and models of financing social ventures that are

taking root in rural areas of developing economies like Kenya.

To add onto this, numerous entrepreneurial leadership styles and qualities documented in the literature

by various scholars supervisors, researchers and administrators, perceives the components of entrepreneurial

leadership that is quality are powerful in the current trend of change for social and economic development.

Entrepreneurial leadership therefore is mainly a matter of paying a close. Entrepreneurial ethnic change needs

love for self and others than only a deep affection, an intimacy that brings with it the responsibilities of honesty,

trust, and liability. While many governments have been tempted to possibly over-regulate the societal sector,

laissez-fair policies are also restricted.

Though using market based strategies have led to some significant break-through like sustainable

development, environmental conservation and protection, in different worlds and so forth, the marketplace isn't

a supposed cure for all economic and social development. The world governments have an incredibly important

role to play in ensuring and creating reasonable rules of the games such as Public Private Partnership rather than

a blanket privatization, which isn't the answer to developing an entrepreneurial culture for economic and social

development. Those one size-fits-all prescriptions are just unrealistic and not viable solutions.

The major focus of the novel has been to provide a view for change in the manner in which we carry out

our entrepreneurial activities. There are principles of company practices that are capitalistic or international -

micro and macroeconomic principles that should not offend, and those many current myths and misconceptions
that need addressing in order to change the face of poverty. A model of social entrepreneurship must develop

and the financial lending and borrowing processes indicated.

Yunus and Pettit have stressed within their publications that the growth of an entrepreneurial culture is a

catalyst to economic and social development. The essential for being open to change has been signaled and as

teachers, administrators, business administrators and entrepreneurs alike, we are faced with a need to changing

curriculum in doing business- serving individuals - public needs for excellence, and an increased focus on

accountability modeling, what's understood must be translated into what exactly is executed out in the real

world. Specifically, afterward, what should be done. Modern authorities and leaders need to take a closer look at

their leadership styles and take corrective measures to lead in the millennium years with new but humanist

direction styles for social and economic development. Social entrepreneurial culture is aligned with a Servant

Leader direction style.

This is important in the modern developing markets context as that of servant leadership and the

philosophies of entrepreneurship are natural principles, natural laws. Leading people to do business is a tricky

business. These issues instantly cause us to think recently when you're trying to participate in deep reforms and

enculturation of the whole system, be it economic, political, social, education, or any organization. You are

working not only with processes that are time honored and with constructions and part of the institutional

culture, you're tinkering with that which is already comfortable, knowledgeable, protected, known the living

organization that breath life. Also, unless you're artful, intelligent and strategic, you are in trouble waters.

Throughout the past century, we human beings mainly valued material things, and strove to create

prosperous lives for ourselves. We concentrated our efforts and energy into development and production,

boosting lifestyles regulated by speed, greed, and consumerism. While a great was nurtured by this materially

oriented preoccupation. Growth of stuff civilization, we know we can no longer continue on this way. We must

shift our focus on the material and outer world to the growth of our inner spiritual world.

Social entrepreneurs also favor cooperation over competition as clear in their support of sustainable

cooperatives and fair trade regimes. Promoting collaboration between sectors is taken as implied within social
entrepreneurship, blurring the traditional borders between the public, private and non-profit sector. It's time we

stop and rethink what is really valuable and what real happiness is for humanity the authorities, social

entrepreneurs (both rural and urban) and stakeholders must be knowledgeable about changes in social

entrepreneurial culture for social and economic development and about the appropriate practices that these

thoughts get dribble down to the grassroots level.

Patrick says the entrepreneurs can form cooperative societies or cluster groups where topics of concern

to doing business from a brand new strategy are researched, discussed and information can be disseminated

through adult literacy programs and workshops. He says that in schools teachers, facilitator jobs may also

support and intend and goes, in-services sessions and other adult literacy programs focus on the new ways of

entrepreneurship through socially friendly manners.

Since the new civilization has brought some development in the education sector, universities in the

developing countries can begin professional libraries on literacy acquisition, social entrepreneurial abilities later

help develop values individually and collectively to exhibit rulings on what is important in life as worth

permeate decisions and represent in todays marketplaces and globalization in general. Entrepreneurship isn't

bound by rigid concepts of age nor harassed by homogeneity. Entrepreneurs are diverse seen in every culture,

class, race, sex, sexual orientation, Physical ability and age.

Societal entrepreneurial culture is aligned with a Servant Leader direction style. This is relevant in the

contemporary developing economies context as the philosophies of entrepreneurship and that of servant

leadership are natural principles, laws that are natural. For instance, leading people to do business is a tricky

business particularly when you're attempting to engage in deep and enculturation reforms of the whole system,

be it political, societal, economic, education, or any organization, these dilemmas instantaneously cause us to

think recently. You are working with constructions and with processes that are honored and part of the

institutional culture, you are tinkering with that which is comfortable, familiar, protected, understood the living

organization that breath life. Also, unless you are artful, intelligent and tactical, you are in trouble waters.
Societies across the globe are now beginning to look for new means to address human and

environmental concerns, yet preserve the More positive elements of economic growth. New movements like

social entrepreneurship are proving that a system that is better is possible. While social entrepreneurship isn't a

panacea, it's an investigation that holds great potential as a practical and viable mechanism towards realizing

some much-needed changes to the present structure and precedence of the market. It clouds conventional

private, public, and nonprofit borders to boost cooperation between sectors to develop resourceful and

innovative approaches for catalyzing social change and addressing societal issues.

Social Entrepreneurship challenges one dimensional thinking and encapsulates the notion of' Bottom

line' growth, which tries to bring together environmental, social and economic welfare. Social Entrepreneurship

appeals to the inherent human good and invites people to take on a fresh challenge, one that isn't driven by

economic self-interest driven by the desire to better our world. It uses human abilities to create technologies,

products, and services that were created for the implied goal of enhancing the lives of the deprived groups, the

groups which were left out of the present neoliberal order.

Entrepreneurship, like direction is of the spirit, compounded of vision and character its practice is an art.

Direction is of routine, more an issue of exact computations, data, strategies, time management and the head its

practice is a science. Filed Marshall Lord Slim states that supervisors are not unnecessary, leaders are vital to

transfer ethnic shift that is entrepreneurial. Sadly, way too many people haven't appreciated the advantages of

economic globalization because of high rate of illiteracy.

Thus, global governance through its instruction subsidiary companies must learn the best way to nurture

and cultivate an entrepreneurial culture that encourages economic and social development- the type of growth

that empowers individuals to realize their visions and expirations for adequate standards of living in sustainable

communities around the world. For years, some scholars have been attempting to identify and describe the

nature of direction and others have attempted to find means to leverage poor individuals entry into

entrepreneurial actions. Driving forces exist that indicate the goal of direction in entrepreneurship in the

millennium years, in place of the definitions, must be the focus of our aspirations for cultural change now. Thus
leaders should act as example to others, encourage harmony with nature and thus supply sustainability for future

generations and entrepreneurial developments. Moreover, leaders should create communities of mutual care and

common duty one where each mans welfare and every individual matters and dignity is valued and supported,

rather than authorization is a password of the day.

Poverty is a multifaceted problem which requires an integrated strategy and cross sectional reply to

address its many ethnic, societal and economical facets. Through instruction the socioeconomic status of the

people enhances, along with this, changes in the conduct that is general and because of this individual develop

holistically- body, head and in their religious /ethical progressions. As these standards are used to assess the

development strategies. Developing an entrepreneurial culture for growth leads to real progress in the socio

economic lives of the citizens. That means the individuals will have access to sufficient and wholesome diet

since they've the wealth to go around so reducing health hazard issues like malnutrition.

Social entrepreneurs are significant in the development of individuals lives particularly of those living in

exceptionally poverty as well as in the restoration of a sustainable planet in the world in summary. It is because

they create new, tumultuous versions for coordinating human activity. Whereas social entrepreneurs focus on

creating Societal worth the difference is just, and significantly, that traditional entrepreneurs focus on creating

monetary worth. Without initiatives the status quo would stand vital and uncontested societal challenges would

remain unsolved. Thus, social entrepreneurs deserve support and additional acknowledgement by the

international community that's the authorities, philanthropic organizations and the multinational companies.

International issues of todays world that individuals face from joblessness, poverty and other firms

including environmental pollution, unjust conclusion. So he goes and says that if we're to create a better and

bright future for all individuals on the planet without favoring anyone, then we must take on new values, alter

precedence, our thinking, acting, and profound wisdom.

But more significantly Patrick says that, we must not demonize the entrepreneurs who help create

services and goods which raise everyones standards of living. We should applaud their efforts and support it.

But lets not demonize the rich who've contributed to enhancing our standards of living. The new culture that is
ascending would be to usher in an economy based on social equity that is truly enhancing. This turning point

version would also enable the industrial output per man in poorer nations to grow to the current world average

thereby increasing living standards and poverty alleviation.

Nevertheless, by not paying attention to the fragile equilibrium of forces that favor invention and

entrepreneurship some really confront the risk of fall and of the rich societies of today have likely come

perilously close to stagnation. For they refuse to acknowledge that the climate of initiation and the nature of

entrepreneurship are uncommon, if tough, plants in the garden that is human. Such plants don't sprout but must

be actively cultivated in order to grow and live. Political, educational, spiritual, smother or and other

associations can encourage entrepreneurship. In wealthy societies the entrepreneurs themselves now whine the

nature of entrepreneurship and the climate of initiation are endangered by the propagating weeds of government

regulations, the emptying of resources by tax, and the growing use outside the political world of majority rule in

place of entrepreneurial judgment. The critics of company claim this is the normal griping of businessmen, and

they're right in the sense that similar stresses were expressed by earlier generations of entrepreneurs.

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