Discuss the nature of Enterpreneurship in StreetShine case. What are Essay

Discuss the nature of Enterpreneurship in StreetShine case. What are the outcomes and how do they differ from those that might be achieved by philanthropy - Essay Example In general, the level of commitment is greater in a social organization than a commercial organization. A number of scholars and experts define a social enterprise as a business whose principal business purpose is the well being of the society (Chapman, Forbes and Brown, 2007; Darby and Jenkins, 2006). These establishments use various types of methods and disciplines of business coupled with the power of the marketplace for the purpose of advancing the environmental, social and human justice agendas (Black, 2002; Vega and Kidwell, 2007). This essay seeks to throw light on the nature of entrepreneurship in StreetShine case. Furthermore, the essay will also discuss different types of factors related to a social enterprise. However, prior to getting deeper into the analysis portion, the study will at first carry out an in-depth analysis of the case. The case begins with the introduction of StreetShine, a social enterprise operating in the UK. The venture was initiated by Nick Grant in the year 2004 and operates from London. The organization is operating in association with the homeless charity, Thames Reach Bondway. StreetShine specializes in employment and training opportunities for the individuals who are in the process of rebuilding their lives or have experienced homelessness. Furthermore, the organization also runs a professional shoeshine service in hotels and city offices of London. The aim of the organization is to offer the shoe shiners to earn guaranteed income opportunity and along with that gain transferable and valuable skills. The notion of social enterprises came into existence in the mid of the 20th century for the prime purpose of addressing the needs of those segments of the society that has not been dealt properly by the government or the corporate sector (Chapman, Forbes and Brown, 2007; Vega and Kidwell, 2007). Despite the presence of non-profit organizations, since the mid of 1800s in various forms,