Social Entrepreneur’s bring hope and light through their business models as they are not only concerned about generating revenue but also are concerned about helping the social community.Social Entrepreneurs such as Shega Shero Eatery and projects such as the Arc Initiative are the reason why we need social Entrepreneurs besides a fully funded United Nations.Big Organizations such as the United Nations cannot reach out to all the people in the world,thus social entrepreneurs do what the United Nations cannot.Social Entrepreneurs act as role models and inspire other individuals with bright ideas to start their businesses in places they could never have imagined to operate in.
Sauder’s Arc Initiative is necessary as it helps entrepreneurs to formulate and plan their business model canvases and provides them with funding.The Arc Initiative looks to set up businesses in small and unrecognized areas by sending individuals or small groups of people.This initiative helps to develop the economy in the underdeveloped areas as well as motivates other entrepreneurs to pitch their businesses there.The Arc initiative helped Shega Shero Eatery to take advantage of the “untapped”Ethiopian food packaging industry and helped her to create a competitive advantage over others.Her Differentiation strategy in packing and packaging products not only helped her business to flourish but also made her profits.
References:
“In a Crowded Market, Entrepreneur Finds a Sweet Way to Stand out.” The Globe and Mail. N.p., n.d. Web. 11 Nov. 2014.
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