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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Discussion Assignment 1

Discussion Assignment 1

Q • What is Social Entrepreneurship? What distinguishes it from a traditional business? • How is a franchise different from an independent business? What are the pros and cons of purchasing a franchise? • Which type of business does your proposed business qualify for?

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Social Entrepreneurship implies that there will be a business entrepreneur who will not only earn profits for his or her business but also make the members of the society benefit from the business done by the entrepreneur (Tan et al., 2005). There can be advancement of the lifestyles of the members of specific communities with social entrepreneurs serving specific communities with fulfillment of specific needs of the community-members. There can be some specific social purpose served by the organizations and businesses run by social entrepreneurs (Tan et al., 2005). There can be communities developed with businesses done by social entrepreneurs (Tan et al., 2005).