Social Entrepreneurship: Dedicated to make reform

Human, being a social animal; they require a printed scare resource to exist in this divine

heavenly body. Everyone is attached to some profession to make a existence in the blue planet.

Out of those, entrepreneur is one of the players of the economy. The defination differs from

mouth to mouth and gets updated as per the situation, cohesively era.

Entrepreneurs are those who frame the action in such a way that, the output with the in-built

value manages to incure the additional market value. They think and create the application of the

prevailing resources (financial, technological, human resources etc.) in a productive way, that the

other wise brains haven’t ever made it possible. At one point, scholars used to define

entrepreneurs as an inventor of the technology that manufactures the goods or provide services.

But later on, the idea of inventing technology is not only the centre of defination but also the way

of utilizing the same prevailing technology; the way of enabling productivity appplying all the

existing resources, planning in accordance to the dynamic political, technological and economic

environment. With the update in the defination, there is the birth of social entrepreneurship. It is

the split from the entrepreneurs. It carries the tag ‘not-for-profit’, a primary objective and also

‘for-profit’ ventures, as a secondary objective.

Primarily, social entrepreneurs are the swipper in the business world, who not only sweeps out

the garbages born through business but also collects the untouched social problems beyond the

business world and formats from the society, utilizing the resources of the enterprise. Social

entrepreneurs are the front line leaders who have the concerntration of mind towards the social

change rather than the base figure of the income statement. They enter in the business

battleground with the social mission to work for social issues prevailing in local level and

contributing in the global prospect with the solution. They have a sight through the lens which
visualizes the opportunities through the issues encountered and combat to eradicate not to

prevent. They have a vision of sustainable improvement which works directly on the causes

rather than the symptoms of the social problems. They have the skill and quality to raise the

funds for the enterprise from the domestic companies, GOs and NGOs and also have the

capability to make a workdone with a penny during financial crisis. Due to the availiability of

this skill, they never compromose the mission for the financial benefit in any situation; profit

earning is the secondary topic of interest of the social entrepreneurs. They are successful in

making their sponsers accountable in the field in which they have invested. They are not only

limited to making accountable but also successful in creating the return from the market in

monetary value plus prestigious value which add the value in goodwill of the company in

business world.
 Social Worker without Biological life

Anyone working for the social welfare knows the difficulty while making a move. Working with

the individual effort in this field is very challanging but with the cohesive brains forming an

enterprise make a giant social worker. Social Enterprise is the social worker with comprehensive

ideas to meet the common social mission making it feel what we feel or say adding life to it.

Social enterprise is artificial being, which also requires food to make its functional organs active

or keep working. This requires a financial boost to function. So, the grants from the donar

companies are uncertain. During the crisis, similar to the present situation; there is no hope of

donation and grants. But in any cost and condition, the enterprise should have the beats in it.

Every matter in the globe is being updated even the pandemic, so social enterprises is not only

limited with social mission but have been updated with the self sustaining feature, in which it

carryout the funding function breaking the dependency. But the market based feature always

stands in the secondary objective even being a lifeline of an enterprise. It faces the short term

challenges for a long term solution utilizing or curbing the problem in such a way that problems

gets transformed into the opportunities through innovative ideas.

The entrepreneur should think with the dual mindset inorder to give the continuity for an

enterprise. The starer of an enterprise should have the business idea plus social responsiveness

too. A social entrepreneur should have the knowledge similar to the for-profit natured

organization’s entrepreneur for the operation of social enterprise.

The need or preparation for a entrepreneur in combining the structures of an social enterprise are

elaborated below.
1. Need for assessment.

In the present context, social enterprise cannot taste the flavour of success with the one’s

anticipation of the needs in the society. The social needs should be matched with the

organixational needs. The actual needs of the society can be right opposite as we

anticipate. This failure can cost expensive in organization’s future. The assessment

technique can be used to peel out the core need from the community. This assessment

designs the social mission. The assessment related to the finance, operartion and the

future environment should also be anticipated and have a clear vision to form the

business plan.

2. Research on ingredients of the market.

Demand and supply are the O2 and H2O of the market. Inorder to survive in the market,

the produced goods and services should stimulate the demand and supply in the market.

After the social needs been encounteresd, an idea related to create demand and continue

supply should be drafted. The product should intersect with the social mission fulfiling

the social needs and organizational needs too. A rigorous research should be carried out

to make the product successful of all time like the all time model of Royal Enfilied.

3. Draft Sagacious Plan

This is somewhat similar to the tactical plan likewise the plan made by the sports clubs

before the match and matchday. The rigorous plans to operate the business in a produtive

and innovative way which doesnot make the difference or gap between the social missio

and operation. This is the most challanging plus interesting phase. This is the

construction of the highway in which an organization runs. The productivity, financing

option and the social mission are the factors on which decision is relied on.
4. Financial Planning.

Financial planning means funding planning. But that’s not only the thing; it is not limited

to this criterion. It also makes the plan which analyzes the utilization of the available

limited funds achieving the current needs and maximum productivity in operation. It

anticipates the future constraints that may be the challenge for an organization and be

prepared with the financial tactics to reduce the destruction created by the crisis and other

conditions.

5. Players with diversified nature, skills and qualities.

Enterprise is the combination of the individuals who operate the business. Those

individuals should be with respect to the different faculties or related to different subject

so that they could contribute to the operation and catchup the pace on which it had to run.

They have to collaborate with the different natures of companies so that they can get the

grants when specific natured companies are influenced. The players in the team should be

constructed with the diverse skills and qualities so that organization can achieve the goals

in unconditional situations.

6. Legal Consultancy

We all are bounded by laws. Enterprise is another natural person so it is too bounded by

the laws. Social enterprise is an organization with a dual natured natural person in today’s

world. The legal consultants are also specific in accordance to the subject or content. We

require different consultant as per the condition. Legal Consultant not only consults about

the unlawful steps but also helps us to get the grants from the GOs and INGOs. They

highlight the path through which we can be benefited in the current situation and in the

future too.
7. Marketing and Advertising

Marketing and advertising is a crucial factor in today’s business globe. The right tool of

marketing is required for keeping the presence in the people. This not only helps us in the

sale of our products but also introduce us in the eyes of donar companies and

organizations. People now are connected or touched by the innovative advertising,

patriotic advertising and environmental consernation initiative type social advetising.

Marketing is the skill to make the people connected with the organization and its

products. New emotional skills can be an alternative in marketing likewise the writer

used in the article.

8. Implementation and Evaluation

The strategies that were planned and choosen among the best alternatives are to be

launched with the highlighted slogan in on the special occasion of the Grand Opening

day. The first step of an enterprise with the fierce introduction and debut in the market

with the social mission is the first step in the implementation. As per the strategies made,

the organization should take a step and can change the strategies as per the condition and

there is not a universal strategy as per the different conditions.

There should be the time to time evaluation using different techniques which can decide

the further steps and the present scenerio or the state of the enterprise. The qualitative and

quantitative techniques can be used for evaluation so that the right state of the

organization can be depicted using dual methods. New techniques can be applied for the

evaluation as there is also no any universal techniques for the evaluation.