PolicanoT M1 A3 Essay

Submitted By kandis-arnott
Words: 429
Pages: 2

Tina Policano
Introduction to Business in a Technology World
Module 1 Assignment 3

Social entrepreneurs are individuals with innovative solutions to society's most pressing social problems. They are ambitious and persistent, tackling major social issues and offering new ideas for wide-scale change. As with anything there are risks that come alone with social entrepreneurs. Some of their risks include Losing nonprofit status, Time/ money to start me ideas, Lack of business skills among current staff, Damaged reputation,
Challenge of managing the possibility of rapid growth, ect. The difference between social and business entrepreneurship is the business entrepreneurs’ efforts focus on building the business and earing profits. Their wealth is the same thing as profit where as a social entrepreneurs’ wealth is shown in the positive social outcome. The social entrepreneurs’ purpose is to create social change. Another difference is a business entrepreneur might create changes in the society, but it wasn’t the purpose of starting that venture. I believe that social entrepreneurship can be successful in our capitalistic society. I think this because more privately owned businesses need to do what they can to promote what they are doing and/or selling to the consumers. Most of the population is on some kind of web site or email something, and that is a great way to put a product out in the word. If they put one ad on all the major social sites, and one on TV station that there consumer would be watching then that would bring in more than…