If the United Nations was fully funded why would we need the Arc or social enterprise?
Social entrepreneurship aim to solve the social problem, like education, children health, housing, clean water, and climate change mentioned in the video. And the innovations are the most promising solution to global problem. To accomplish the goal of innovation, a small company should extend their reach, deepen their impact, so that the society can be improved fundamentally.
Providing enough funds are necessary. Everything we do to improve the society need funding. However, funding is not enough to reach its goal. The knowledge, the social experience cannot be brought by money. Generating social value is one of the goal of social entrepreneurship, and wealth creation is not an end, promoting systemic social change is the real objection. The result from social enterprise is the production of measurable return, which means to transform existing realities, open up new pathway, unlock society’s potential of effect social change.
The Arc program is a successful case of social entrepreneurship. It gathers some of the knowledgeable and professional person to provide guidance to the small company in South America. Their valuable advice lead to the success of many small companies like Salem’s Ethiopia, Shega Shero and Osei Duro. After attending the workshop held by Arc program, they were able to find the best ways to operate their company and they established a successful company finally.
In conclusion, social entrepreneurship involves providing funds, as well as business knowledges and experiences. To become successful in transforming the society, the most important factor we should be taken into account is innovation.