The following questions are all based on the above Zambrero article published in Australia Unlimited. Basing your arguments on the topics that you have studied in the first five weeks of this unit, write a report addressing the following two questions:
a) Entrepreneurs have been identified as having certain traits and characteristics. Discuss the extent to which Zambrero founder Sam prince exemplifies these traits and characteristics. Justify your response with reference to academic sources (e.g. academic journal articles, textbooks, etc.).
b) The article clearly outlines what we might consider ‘social entrepreneurship’, whereby an entrepreneur establishes and/or leads an organisation or initiative engaged in social change. Outline three current trends that illustrate the social entrepreneurship movement. Again, you should be looking to use academic sources as the foundation of your review. Wikipedia or web blogs are not considered as ‘sound’ academic sources?
Sam prince, he is an entrepreneur. He is a Scottish-born Australian doctor with Sri Lankan running a chain Mexican restaurants and doing aid work in the Asia-Pacific in places like Cambodia, Sri Lanka and Vietnam (Levy, 2014). Prince started the restaurant Zambrero at what time when he was 21 years old. Many entrepreneurs display entrepreneurial performance long earlier when they get on their opening business enterprise (Volery, Mueller and von Siemens, 2013). At the age of 21, prince was at Medical School and work as a chef in a Mexican café to shell out his way during university. In the restaurant Prince were establishing his obsession for Mexican food and for the purchaser that come to the Restaurant. This obsession for the product and services is marked in both Zambrero and Mexico, afterward his Mexican marketplace to counter restaurant in Sydney. Then he come up with innovative idea where h said that for every meal sold at Zambrero, a plate of food is donate to the rising world, which he used to called “plate for plate”.
In 2010, he was nominated for Entrepreneur of the year. Prince is also a chairman and founder One Disease at a Time, were he worked for those people who are suffering from eradicating scabies, and it’s a disease common among local communities (Johnson, Freeman and Staudenmaier, 2015). His phenomenal success nominated him as a Young Australian in the year for 2012 for the Australian Capital Territory (Lerner and Watson, 2008). By the help of his innovative medical business and aid project he work for 100 men, and civilizing the lives of thousands people. By doing this kind of social work declared GQ in name him the 2011 Man of courtesy in its annual Men of the year list (Volery, Mueller and von Siemens, 2013)
In this case study, Dr. Sam Prince he is an entrepreneur and philanthropist (Volery, Mueller and von Siemens, 2013). He want to build a humanitarian organization devoted to social responsibility at the same time as providing bold, modern Mexican (Fried and Tauer, 2015).
Entrepreneur traits and characteristics:
1. Passion – According to this case study Dr. Sam prince he is an entrepreneur and philanthropist. He is a social entrepreneur; his mainly focus on social work. Like in this case study his passion is to open a restaurant named as Zambrero on the other hand he used to help those people who are suffering from eradicating scabies. At the age of 21 he opens a restaurant which is well known for Mexican foods (O’Shaughnessy, 2015).
2. While doing social work like for people who are suffering from aid, in this he learnt three instructions. First, before you do any type of aid works, you supposed to have a apparent perceptive of what you consider are a basic human rights and a basic human responsibility. As a doctor we obtain the Hippocratic promise of “first does no harm”. Second, when he feel back to working emergency department in hospital, he call the look of complete fear in the eyes of people who are suffer from heart attack. Third, have to run an aid organization with the similar strictness as you would a business (FECHER, CHAVES and MONZON, 2012).
3. Plan everything- Now onwards, from Asia his focus shifted closer to home to native communities. The idea after One Disease at a point was spark by a discussion with one of his mentors, Frank Bowden. He is a lecturer of medical at the Australian National University Medical School. Prince thing that he can do this while being a doctor, aid worker and Entrepreneur.
One more key person concerned with it Professor Jonathan Carapetis, his research exposed a link connecting skin infection which is cause by this scabies mite and the potentially fatel stiff heart disease (FECHER, CHAVES and MONZON, 2012).
Social entrepreneurship is additional market-driver, corporate friendly, dimension leaning than yet previous, said by an entrepreneur Jason Saul.
Some current trends in social entrepreneurship, we believe that these trends will notice stronger expansion as extra entrepreneurs will be excited to affect and understand their benefits:
1. Commerce- It is fast as a mode of fighting poor quality. A rising class of societal startups is using consumerism to increase resources, to construct fair employment and to recover the living standard of the poor. They are build products and company with the uppermost more moral principles like organic, mindful manufacturing, fair wages etc (Kim and Howard E. Aldrich, 2005).
2. Crowd funding- It is ever more be the favorite option for entrepreneurs to support their startups. Recently 2013, saw fracture of social good project on crowd funding site like kick starter, Indiegogo etc will be their fundraising activities (Toivonen, 2015).
3. Data- In this small a big will progressively focus more on the dynamic force behind each motion in the social good spaces. At the executive level, entrepreneurs are more aware of the data they are generating every day. They are continuously measuring and analyze data to force business decision and to optimize for achievement (Volery, Mueller and von Siemens, 2013).
4. Proof- 100% clearness is the latest, emerging trends that lots of entrepreneurs are agreement. In this Charity Water was the original nonprofit that initiate this, prove how each dollar raise in making a distinction on the argument (Tan and Yoo, 2014).
5. Hackathons- During initially prepared by and popular with the tech society have taken the societal good division by storm.
6. Energy- Improvement in Renewable, require for reasonable, renewable energy continue to rise as the authority demands of a global population increase. Industrialized nation have ongoing to decrease or slow down the invention of greenhouse gas emissions, but extra is needed to stymie climate modify (FECHER, CHAVES and MONZON, 2012).
Conclusion:
Main aim of the case study is to describe the entrepreneur trends and characteristic and also include the current trends of social entrepreneur. This case study is about an entrepreneur and philanthropist Dr. Sam Prince; he is a doctor on the other hand his passion is toward open a Mexican restaurant named as Zambrero. As well he uses to take care of those people who are suffering from Scabies. He add that the removal of scabies from east Arnhem Land is an extremely complicated task and one has any illusion that a easy asset of more money will resolve a composite problem that is as much a common issue as a medical one (FECHER, CHAVES and MONZON, 2012) .Prince evidently clock up an imposing number of hours each week, but for him effort and play merge into one. Prince puts the motivation of others to get concerned behind him trying his dreams on his sleeves. He say that by asset of claim it and say, “I want to do this and creature open about it”, this behavior the public around you. He thinks that here are such a plenty of people who can assist you. We exist in a scarceness concept where we think like there’s simply one person in the planet who can help you to accomplish your dream (Volery, Mueller and von Siemens, 2013).
References
FECHER, F., CHAVES, R. and MONZON, J. (2012). INTRODUCTION: RECENT TRENDS IN SOCIAL ECONOMY RESEARCH. Annals of Public and Cooperative Economics, 83(3), pp.251-258.
Fried, H. and Tauer, L. (2015). An entrepreneur performance index. Journal of Productivity Analysis.
Johnson, S., Freeman, M. and Staudenmaier, P. (2015). Manic tendencies are not related to being an entrepreneur, intending to become an entrepreneur, or succeeding as an entrepreneur. Journal of Affective Disorders, 173, pp.154-158.
Kim and Howard E. Aldrich, P. (2005). Social Capital and Entrepreneurship. FNT in Entrepreneurship, 1(2), pp.55-104.
Lerner, J. and Watson, B. (2008). The public venture capital challenge: the Australian case. Venture Capital, 10(1), pp.1-20.
Levy, S. (2014). Marketing on the couch: Sidney and psychoanalysis. Marketing Theory, 15(1), pp.9-12.
O’Shaughnessy, J. (2015). Note on the marginalizing of psychoanalysis in marketing. Marketing Theory, 15(1), pp.17-19.
Tan, W. and Yoo, S. (2014). Social Entrepreneurship Intentions of Nonprofit Organizations. Journal of Social Entrepreneurship, 6(1), pp.103-125.
Toivonen, T. (2015). What is the Social Innovation Community? Conceptualizing an Emergent Collaborative Organization. Journal of Social Entrepreneurship, pp.1-25.
Volery, T., Mueller, S. and von Siemens, B. (2013). Entrepreneur ambidexterity: A study of entrepreneur behaviours and competencies in growth-oriented small and medium-sized enterprises.International Small Business Journal, 33(2), pp.109-129.
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