1. Why do stakeholders view the social venture differently from a traditional venture?
2. Define innovation and include the types of innovation.
3. What are the three pricing objective? Give an example of an industry that would use each.
4. What are the similarities and differences between the two tools for designing business models?
Social venture differently from a traditional venture
Social entrepreneurship differs from traditional entrepreneurship in many ways. One key way to distinguish a traditional entrepreneur from a social entrepreneur is through the goal he hopes to achieve. While the traditional entrepreneur aims to create a product, service or process for which a consumer will pay, the social entrepreneur aims to create a product, service or process from which society will benefit. Stakeholders view the social venture differently from a traditional venture because social ventures tend to have greater stakeholder issues and challenges than a traditional venture. The emotional components are heightened and everything feels more intense.
experienced and great practices carried out under the ongoing regulative system. To address obtainment issues, the review suggests: (1) seeking after purposeful speculations on and having a political will for frameworks change and hierarchical culture change; (2) more noteworthy venture on arranging and other preliminary exercises before the genuine acquisition; (3) development direction in open acquirement; and (4) an incentive for-cash obtainment.
1. Seek after purposeful ventures on and have a political will for frameworks change and hierarchical culture change:
The DPWH under the rudder of previous Secretary Singson is an illustration of this. at the point when the public authority was seriously reprimanded by numerous partners for the postpones in the execution of foundation projects in 2011, the secretary of the Department of Public Works and Highways (DPWH) promised to establish an organization change program which will lessen debasement, further develop effectiveness, advance assets and understand a generally authoritative culture change (DPWH 2013). The DPWH then executed significant changes given this mantra: to carry out the perfect ventures at the ideal expense and with the right quality, and for these to be conveyed exactly on schedule and completed by the perfect individuals. For instance, in the obtainment cycle, the organization eliminated the necessity for project workers to present a Letter of Intent in order to forestall conspiracy. It additionally worked on the offering system by requiring just five reports, rather than the past 20 archives. Submitting 20 records in the past gave a great deal of space to watchfulness and open doors for preclusion to incline toward a bidder. The DPWH additionally executed the “grouping of tasks”, that is, related projects are joined and bundled into greater agreement bundles to draw in skilled workers for hire. In the space of venture the board, the organization additionally settled standard expense assessment manuals for streets, extensions and structures. It likewise assembled, spread and refreshed cost information on development materials from one side of the country to the other. It additionally embraced norms on development span by sort of venture. Before the changes were sought after, there was wide changeability in unit costs and there was no standard development term. The DPWH additionally tapped outsiders as accomplices. It authorize 52 common society association accomplices as accomplices in the various phases of the undertaking life cycle. It is likewise reevaluated a few undertaking review and quality confirmation administrations. The office likewise set up an electronic interchanges framework for getting, answering to, and making a move on any grievance, inquiry, or idea. It additionally led specific and purposive evaluating by focusing on the most weak regions and giving assents to authorities with significant breaches. As an issue of strategy, it additionally enco