Social Entrepreneurs and their impact
Social entrepreneurs create and run organizations with a mission to address issues that can occur and inhibit the business from accomplishing its goal using a systematic approach (Dees 320). Social people are therefore able to identify, investigate, and assess these issues that arise in organizations. As a result, entrepreneurs apply creativity and innovation to solve current issues by looking for novel solutions, technologies, and business prospects. As a result, it’s critical to give entrepreneurs the freedom to intervene with an organization’s resources so that they can participate in the invention of various pertinent activities. Additionally, social movements can boost the economy and profit of a company because the party involved pull together and work toward in reshaping the existing situations. For instance, in public transportation, there are many problems associated with this company which includes, accidents due to reckless driving, over speeding, overloading, competing with other drivers to see who drives faster. In such circumstances, the entrepreneurs come up with new ideas on how to prevent this from happening; for instance, on the issue of over-speeding, there was an idea on how to avoid the problem. The entrepreneurs came up with a new idea of installing speed governors that will limit speed in vehicles, and by following the approach, the rate of accidents decreased. However, the activist whose actions in the field of economic who undermine innovation of others to participate directly in the independent firm should be in a position to know how market rebels can help change on different types of companies. Additionally, the joined hand of the activist not only promote radical innovation but also can talk about it and as a result, this is said to be an innovation that challenges cultural beliefs, norms, and behaviors of individuals toward a particular service. Therefore, the concept of market rebels has played a great role in giving out the new ideas that do or do not spread throughout the marketplace and show how the success of organizations depend effectively on the team working to ensure that safety (Rao 32).
Decision-making and Social Impact
Individuals think and make choices without worrying about the circumstances that may arise in future. Additionally, the options describe the decisions and ideas one make every day. For instance on the products that a person buy and use have their effects that may be positive or negative in future. Moreover, it is people biases that drive them to make poor decisions that turn them more miserable, unhappy and with poor health. Therefore, by knowing what an individual think, will make it easier to persuade them in choosing what is best for a person, one’s family and for the society(Schlag, Pierre, Richard, and Cass 914). For instance cigarette smoking, individuals may have the choice to smoke without seeing the unpredictable risk that may arise from the decision they made. Subsequently, this selection of the tobacco lacks critical self-control elements since the selections, and the consequences are separated in time where one get the pleasure now and grieve the magnitudes later. Therefore real social entrepreneurs dedicate both time and money to constant evaluation of their programs that permit them an opportunity to determine what is going well and what is not so well. Moreover, the programs made by this entrepreneurs plays a vital role in enhancing that, what is not going so well have been ratified (Santos 339). For instance in smoking, the entrepreneur have innovated an idea in campaigning the effects of tobacco use on the health of those who are smoking. Moreover, the innovated design has also played a vital role in the danger of smoking by not only, campaigning but also making that for every packet or package of cigarette has a warning to the person smoking. Furthermore, entrepreneurs take into consideration whether all the virtues that a market gives to an individual are strong incentives to cater to human ill health rather than to try to mitigate their risk and effects.
Entrepreneurs and successful business practices
Relatively, social entrepreneurs have played a vital role in enabling leading enterprises that have their competitive projections up listed to the consumer and invested destructively in new technology and still lost their market leadership. Entrepreneurs have achieved this by helping such companies with the idea of researching on any technology that the firm decides to use, bench making on the competitor’s companies, and taking into consideration the technology that the competitors are using. This is because such enterprises do not fail because of, poor planning, weak skills, arrogance and short-term investment but are well managed and have their competitive antennae, invest aggressively in new technology and still lose market dominance. Therefore, the aim of entrepreneurs is to help a broad range of managers to be in a position to change materials, labor, and information into a product and services of greater value. Further, the social entrepreneurs have investigated on reasons why good management can lead to the failure of good companies (Christensen 40). For instance, the difference between sustaining technologies and disruptive technology and the pace of technology progress are reasons why good management causes failure to a good company. For example, those businesses that use a well-sustaining technology in the recycling of their products, give better results compared to those organizations that use disruptive technology in recycling their products. Therefore, the entrepreneurs have increased their accountability and measurability to their clients, investors, and volunteers and as a result, their practices are transparent to all their stakeholders and therefore, helping the good companies from failing (Dees 328).
Works Cited
Christensen, Clayton M., and Henry J. Eyring. “The Innovative University.” (2011).
Dees, J. Gregory. “A Tale of Two Cultures: Charity, Problem-Solving, and the Future of Social Entrepreneurship.” Journal of Business Ethics 111.3 (2012): 321-334.
Rao, Hayagreeva. “Market Rebels and Radical Innovation.” McKinsey Quarterly, January (2009).
Santos, Filipe M. “A Positive Theory of Social Entrepreneurship.” Journal of Business Ethics 111.3 (2012): 335-351.
Schlag, Pierre, Richard H. Thaler, and Cass R. Sunstein. “Nudge, Choice Architecture, and Libertarian Paternalism.” (2010): 913-924.
