Entrepreneurism Questions Question Optimism, to some individuals, may be the most essential characteristic for growing a social enterprise (Dees et al., 2002). This is because. it is through optimism that all the challenges present are seen as ways of creating the perfect solutions to the problems at hand.
Developing an effective competitive strategy may be crucial because. the market is always changing and it is up to the social entrepreneur to change with it (Dees et al., 2002). Failure to do this may result in the decline of the business and the collapse of a promising future in the business field.
Communities play an intricate role in the development and growth of the social enterprise. The community creates the legitimacy for the enterprise by providing marketing and distribution channels. It is. therefore, correct to insinuate that they are donor-investors as they contribute to the growth of the enterprise (Dees et al., 2002).
Analyzing performance in this enterprise in crucial since everybody needs to be well- prepared for the task at hand. Any failure or laxity may prove detrimental to the growth of the enterprise (Dees et al., 2002). The rapid growth of profit-maximization organizations may prove difficult to come back from such a decline.
One vital characteristic is their ability to convince a customer of the possible nature of the seemingly impossible. Their confidence is a personal trait that sets them apart from the rest (Dees et al., 2002). Confident individuals who try to sell something always have an edge over their competitors. I met a street vendor selling action figures who convinced me to purchase one. It was his confidence that enabled him to grab my attention.
Dees, J. G., Emerson, J., & Economy, P. (2002). Strategic tools for social entrepreneurs: Enhancing the performance of your enterprising non-profit. New York: John Wiley & Sons, Inc.
Elkington, J., & Hartigan, P. (2008). The power of unreasonable people: How social entrepreneurs create markets that change the world. Boston: Harvard Business Press.