Innovation and Entrepreneurship in the United Arab Emirates Essay

Social Entrepreneurship has been in our economy since historic times. They may not have been recognized properly with that term, social entrepreneurship, but what some other people from historical times had done can be considered as an action that pursue to solve social problems. Social Entrepreneurship had already been defined in several books, however, in the book, Social Entrepreneurship: What Everyone Needs to Know, social entrepreneurship had not only been defined but had also discussed the very origin of not just the term itself but as well as the actions that some people from historical times had done that can now be seen as a model or example of social entrepreneurship.

Social entrepreneurship which has been applied in so many different ways by so many different analysts that it’s depth of vast complexity is still being unraveled and it seems it is still in infancy. It is a multi-interpretable concept and although the use of the term is widespread its use is either overrated or misused. Hence, it is important to firstly understand what social entrepreneurship really is.

2 Ashfaq Ahmed, "UAE Nationals in Private Sector Miniscule - Study," GulfNews (June 7,2004). Harrison; Nick Meo, "How Dubai, the Playground of Businessmen and Warlords, Is Built by Asian Wage Slaves," The Independent (March 1,2005). Ahmed. 5 Meo. 6 Personal Interviews January 2005.

A) A real entrepreneur can take an idea and that can be change in to a service or product according to the needs of certain population. Because of this characteristic economists said that “entrepreneurship is becoming an important agent in the growth and wellbeing of the society”.an entrepreneur is motivated by family or society. They offer new completion and also promotes improved productivity. They can recognize and resolves social problems on a large scale. To create social value entrepreneurs act as a change agent for the society like designing and distributing new approaches. Entrepreneur react very quickly and effectively to the change so that they can take the advantage of opportunities. If they can’t capable of quick action it will be result on their process and success. Social entrepreneurs are stepping to solve the problems.

Although social entrepreneurs usually start rather small their initiatives often have global relevance, issues such as unemployment, incarceration, disease, small business creation, access to clean water, renewable energy, waste management, etc. These issues and needs usually arise within a disenfranchised sector of society, and they are the drivers of social entrepreneurship. The desires or needs of the disadvantaged

Without economic opportunities and freedom women remain impoverished and are unable to secure any type of social mobility. According to statistics from the UN, “‘poverty has a women’s face’ and that 70 per cent of the world’s poor were female… poverty is lack of income, but it also consists of lack of access to services and opportunities for human development, lack of a voice in political life and decision making, and social subordination and exclusion” (Bhat 639). When women have access to financial security they can improve their quality of life, their newfound economic independence allows them to create a new lifestyle where they will not be disappointed by unreliable people. Veever’s speech uses specific stories to highlight the importance of investing in women so they can feel successful and independent. Zora Rakhmatullaeva was a disabled woman who used to sit at home feeling useless, but when she was given the opportunity to create a viable business she gained confidence in her ability to do something productive. She is now the head of the Association of Business Disabled Women demonstrating how investing in women results in important social and economic mobility for vulnerable women (Veever 1).

Social entrepreneurs often seem to be possessed by their ideas, committing their lives to changing the direction of their field. They are both visionaries and ultimate realists, concerned with the practical implementation of their vision above all

Examples of social entrepreneurships include: microfinance institutions, educational programs, providing banking services in underserved areas and helping children orphaned by epidemic disease. Although there are many social entrepreneurs and they are not determined by race, sex, education level, they all possess one similar quality which is kindness. The main goal of a social entrepreneur is not to earn a profit, but

A social entrepreneur identifies and solves social problems on a large scale. Just as business entrepreneurs create and transform whole industries, social entrepreneurs act as the change agents for society, seizing opportunities others miss in order to improve systems, invent and disseminate new approaches and advance sustainable solutions that create social value.

The UAE is one of the riches nations in the world as measure by per capita GNP. The economy is primarily based on the oil

The last objective of your program is to enhance the lives of your objective populace through new or esteem included financial open doors. Then again, you are entrusted with making your social venture absolutely or to some degree monetarily suitable. In the private area the primary concern is clear: to build the organization’s esteem for its shareholders, as it were, to profit. Social enterprises have two primary concerns money related and a social one and the way of life of one is altogether different from the other.

Many case studies state, as most investors prefer established and commercially viable enterprises more than start-ups and smaller enterprises, it is difficult to access capital (Smith, at el., 2014). Moreover, many social enterprises cannot fund themselves entirely through sales or investment to get a share in traditional financial markets, which resulting in a financial-social return gap (Bugg-Levine, at el., 2012).

This rat-trap entrepreneurship was a social entrepreneurship because the inventor used the resources to cater to the needs of poor people. Prior to the innovation of the new trap, Irula villagers

The human society in the present times has evolved in such a way that the search for wealth becomes the most important endeavor for many. Wealth in this statement pertains to the ability of a person to buy material possessions. As the search for acquiring wealth became the priority of people in a capitalist system, wherein most countries are economically situated- means to acquire wealth has become somehow the holy grail of the society. As the front-liner topic in business research, many studies are done in the field of entrepreneurship with substantial liking and support. Alongside the vast topic of entrepreneurship, one of the most regarded is the aspect of social entrepreneurship and the advances of this discipline. The discourse community in this industry is geared to see trends and analyze information from existing business systems. They create theoretical findings and deduce information that would be helpful in creating effective business structures. To give a holistic approach, three different articles from a journal were considered and used to see discourse in action in this field. The first article came from Saul Estrin and his associates, in which they tackle the different aspects of social entrepreneurship through the nations. What follows is the article, which was written by Eric Gedajlovic that establishes the importance of social capital in entrepreneurship. Lastly, the team of Dirk De Clercq wrote an article about social capital organized in internal knowledge

Collecting data on social entrepreneurs is problematic for a number of reasons.  For instance, the nascency of the field means that there are relatively few (as compared with fields like commercial entrepreneurship or family firms) potential subjects for those wanting to study founders of social ventures.  Moreover, due to the global nature of the field, social entrepreneurs tend to be a disbursed group.  Add to this the fact that there is little government-mandated public information on most social enterprises (as is the case with publically-traded firms, for example), and one can understand why few empirical studies on social entrepreneurship have gone beyond case studies.  This is