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Assignment 1 Individual Essay

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Assignment 1 Individual Essay
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INDIVIDUAL ESSAY 2
Assignment 1 Individual Essay
1. Introduction
Globalization provides growth opportunities to companies. However, it also increases the
competition, and thus, it becomes relatively difficult to accomplish a sustainable competitive
advantage. Businesses in the present era find it challenging to develop long-term policies for the
continuous growth and development of businesses. In the 21
st
century, social entrepreneurship is
on the rise a mechanism that encourages entrepreneurs to develop solutions for addressing
social issues. Social entrepreneurship helps to create a positive impact on socio-economic
development. Social issues create a negative impact on the overall growth and development of
societies and prevent them from operating at an optimal level. Ideal use of resources to create
jobs and acceleration of innovation in every aspect of the organization are some of the benefits of
social entrepreneurship. The essay identifies a current social issue that potentially creates a
negative impact on society and addresses the question; how the social issue can be addressed
entrepreneurially.
2. Selection of a Social Issue
Social issues generally arise because of society’s structural challenges and it creates
inequalities among the population. Social entrepreneurs have the responsibility to contribute their
efforts to minimize the negative consequences of social issues. The social impact created by
social entrepreneurs through developed products and services is an important approach to
eliminate social issues and ensure sustainable development.
The selected social issue for the essay is economic modernization policies' role in
increasing the unemployment rates among the low-skilled workforce. Modernization policies
help in the rapid growth and development of society. However, at the same time, organizations in

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1 Assignment 1 – Individual Essay Author's Name The Institutional Affiliation Course Number and Name Instructor Name Assignment Due Date INDIVIDUAL ESSAY 2 Assignment 1 – Individual Essay 1. Introduction Globalization provides growth opportunities to companies. However, it also increases the competition, and thus, it becomes relatively difficult to accomplish a sustainable competitive advantage. Businesses in the present era find it challenging to develop long-term policies for the continuous growth and development of businesses. In the 21st century, social entrepreneurship is on the rise – a mechanism that encourages entrepreneurs to develop solutions for addressing social issues. Social entrepreneurship helps to create a positive impact on socio-economic development. Social issues create a negative impact on the overall growth and development of societies and prevent them from operating at an optimal level. Ideal use of resources to create jobs and acceleration of innovation in every aspect of the organization are some of the benefits of social entrepreneurship. The essay identifies a current social issue that potentially creates a negative impact on society and addresses the question; how the social issue can be addressed entrepreneurially. 2. Selection of a Social Issue Social issues generally arise because of society’s structural challenges and it creates inequalities among the population. Social entrepreneurs have the responsibility to contribute their eff ...
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