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Porter Five Force

In: Business and Management

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Over the past few years, economic crisis has been an issue in western and eastern countries. They are facing with the social problems, for instance, poverty, health care, and education which they have to deal with. So business entrepreneur and social entrepreneur may want to play an important role in order to develop what it is best for the nation. In this essay, I will discuss the terms of business and social entrepreneur, and discuss the relevant topics consecutively. An entrepreneur is a person who has creative thinking and able to sacrifice in order to gain the profit (Baumol et al., 2009). These are the goals of the individuals who want to start up their own enterprise either becoming business entrepreneur or social entrepreneur. So what are the differences between these two terms? A business entrepreneur, according to Ian A Davis - a senior lecturer in marketing, focuses on profit motive. They tend to venture and take risk as the business changes. Also gaining benefit is their utmost goal of this business. On the other hand, a social entrepreneur emphasizes on social motive. These individuals are willing to contribute themselves to make the “social transformation”. But can an entrepreneur combine both economic system and social factors together? There are lots of questions and criticizes whether business entrepreneur or social entrepreneur can give satisfying results in solving the business crisis. Some people believe that it’s business entrepreneur, while others insist that it’s social entrepreneur. However, there are some groups of people say that both business and social entrepreneur can increasingly raise the economic in a better way. In my perspective, an entrepreneur should only focus on whether to gain the profit or to care the society more than money because if he or she emphasizes both, how can we assure that which way is better than the other....

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