Being a social entrepreneur by definition refers to an individual who creates opportunities to individuals who are not well off by providing the resources required to start a business or allowing the individual to obtain what they need to maintain a good life style while securing their financial support. The Arc initiative is a program provided by the Sauder School of Business training talented individuals the arts running a success business and passing on their knowledge and insight to other members of societies in poorer regions such as Africa.
The UN being as large as it is, the most it would be able to do is provide donations and medical/health care products to help. But their ability to pinpoint issues for individuals may be limited. The limitations of the UN is that they can only view things from a macro point of view, being able to see the small picture is just as important as the big one. Being able to provide support to an individual family will help improve them in terms of economic stability, multiple this by the millions of families and the overall result would be a better economic situation overall.
Having the Arc and social entrepreneurs is a method that can be used to reach out to these individuals. The students trained from the Arc will have the insight as knowledge in how to start up and maintain a business which will be passed on to the locals. The social entrepreneurs can help provide the financial resources required to start.
In my opinion, I think that both the Arc and Social entrepreneurs are equally as important, both of these parties are required for the successes in starting a business. While the social entrepreneur will provide the financial back bone, unskilled planning and poor business decisions will result in the loss of the initial amount leaving people back at square one. This is where the idea of business strategy comes in in the form of knowledge from the Arc program where knowledge on business management will be introduced and followed by. Good strategy and resources are the key to a business, people may have different cultures and values but that fact cannot be changed no matter the circumstances.