ONLINE SOCIAL ENTREPRENEURSHIP

Online Social Entrepreneurship

TABLE OF CONTENTS

EXECUTIVE SUMMARYiii

Introduction1

The Social and Business Justification2

Evidence of the Social End/or Environmental Viability of the Plan2

The Need/Requirement3

The Vision, Mission and Strategy4

Vision4

Mission4

Strategy4

Legal Form of the Venture6

The Impact/Social Performance Measures6

Triple Bottom Line6

The Marketing Approach8

The Use of Social Media8

Public Relation Approaches9

The Required Team and the Mechanisms for Recruiting the Members10

Strengths, Skills, Competencies (And Weaknesses)10

The Role in the Venture10

Selection and Recruitment of Team11

E-Recruitment11

Financial Projection12

Conclusion13

EXECUTIVE SUMMARY

This repot explores the effectiveness of the online social entrepreneurship in encouraging unemployed young home based creative entrepreneurs thereby enabling them to run their entrepreneurial businesses solely online. It revolves around the concept of how online social entrepreneurship and providing opportunities for unemployed persons to work online and earn money by just getting registered at our site, which is free of cost or is inexpensive is taking over the expensive traditional sites. Likewise, this research is about analyzing and evaluating online marketing on social media websites as an effective and well-rounded method for home-based entrepreneurs for the purposes of building a customer base for their new business and further explore to what extent these entrepreneurs have been successful in their marketing efforts.

Online Social Entrepreneurship

Introduction

Social entrepreneurship is a concept of the twentieth century to describe an ancient phenomenon that aims to solve a social need. Social entrepreneurs are very valuable to an organization, even in people can converters key to the development of a region or a country. The social transformation that pursue more players as they get to the social concerns of these people soak people around them in an oil slick effect. The social entrepreneur is characterized by one hand "the restless temperament, vision, determination and pragmatic methods and results-oriented business entrepreneurs (who are able to transform entire industries), with the goals and ethical quality of social reformers grains (which are capable of achieving substantial progress in the social field) as a definition of Ashoka, a global organization that supports social entrepreneurs to promote social transformation. Online social entrepreneurship refers to the use of internet and online websites to facilitate activities of social entrepreneurship. It also links the social entrepreneur activities with that of e-commerce, because of its availability to mass. Social entrepreneurs work alone, but needs to ensure that social concerns extend to the people around, so that social transformation is most feasible (Stern, 2003, pp.130-146). The desire to generate income reveals an economic project within the market: risk taking, production of goods and services, sustainable business model, response to a request, creating wealth and employment, independence vis-à-vis government, etc. Like conventional entrepreneurs, social entrepreneurs seize opportunities and develop new approaches. Like the best entrepreneurs, social entrepreneurs are intensely focused on achieving its goal and further its social mission

The Social and Business Justification

The main difference between a business entrepreneur and a social entrepreneur is that the first objective is financial gain, while the social entrepreneur is motivated social change. Two components that also pursue social entrepreneurs are social and environmental sustainability of project and a strong ethical ...