When considering alternatives (such as, outsourcing, partnerships, or alliances), HR must know whether to look outside the organization for talent and services, or to use what is available within. Multiple variables must be considered, such as cost, competitive need, alignment with culture, etc. If this critical step is missed, opportunities vanish, and organizational needs may go unmet. As you explore this process, it should become much clearer how HR core competencies are well matched to the skills needed to pursue and manage alternatives to traditional capacity building approaches. This week’s assigned Presenters should post a PowerPoint presentation with a detailed notes section that contains the following:Incorporation and analysis of the Required Resources from this 2-week unit, including identification of any apparent gaps in the literatureAn original research topic related to the week’s literature (the proposed research topic can be related to the general topic for the week or to gaps in the literature for the week, or it can be related to a specific reading for the week)Background information on the research topic, including identification of principal schools of thought, tendencies in the academic literature, or commonalities that define the academic scholarship regarding your topicEvaluation of the main concepts with a focus on their application to business/management practice and their impact on positive social changeA minimum of 10 peer-reviewed, scholarly new referencesNote: The presentation must be in APA format and must incorporate direct evidence of addressing the Learning Objectives from this 2-week unit. Each of the content slides must include detailed notes/paragraphs with appropriate citation of peer-reviewed, scholarly references. Required ReadingsBaloh, P., Jha, S., & Awazu, Y. (2008). Building strategic partnerships for managing innovation outsourcingLinks to an external site.. Strategic Outsourcing: An InternationalJournal, 1(2), 100–121. Bowen, R. (2011). Looking for gaps: Walking through a sample analysis.Links to an external site. Bright Hub PM. http://www.brighthubpm.com/methods-strategies/7600…Buckles, J. F. (2011, September). Understanding the benefits and challenges of strategic alliances.Links to an external site. Franchising World, 43(9), 48–49.Coase, R. H. (1937). The nature of the firm.Links to an external site. Economica, 4(16), 386–405. https://doi.org/10.1111/j.1468-0335.1937.tb00002.x Freiling, J., Gersch, M., & Goeke, C. (2008). On the path towards a competence-based theory of the firmLinks to an external site.. Organization Studies, 29(8–9), 1143–1164. https://doi.org/10.1177/0170840608094774Gupta, A. K., & Wang, H. (2011, August 27). Partnering up the smart way.Links to an external site. South China Morning Post, Business. http://www.scmp.com/article/977294/partnering-smar…Long, C. S., & Ismail, W. K. W. (2012). The HR specialist as an agent of change: Skills that open up a place at the company’s top tableLinks to an external site.. Human Resource Management International Digest, 20(2), 24–29. https://doi.org/10.1108/09670731211208166Mehta, S., & Peters, L. S. (2007). Outsourcing a core competency.Links to an external site. Research Technology Management, 50(3), 28–34.Mitchell, J. R. (2004). Strategic alliancesLinks to an external site. [White paper]. http://www.jerryrmitchell.com/SearchbyCategory.asp…OASIS. (n.d.). APA presentation template.Links to an external site. Walden University. https://academicguides.waldenu.edu/writingcenter/t…OASIS. (n.d.). Common course assignments: Annotated bibliographies.Links to an external site. Walden University. http://academicguides.waldenu.edu/writingcenter/as…Peng, T. (2011). Resource fit in inter-firm partnership: Intellectual capital perspective.Links to an external site. Journal of Intellectual Capital, 12(1), 20–42.Purdue University Online Writing Lab. (2011). Designing an effective PowerPoint: Quick guideLinks to an external site. [PowerPoint slides]. https://owl.purdue.edu/owl/general_writing/visual_…Purdue University Online Writing Lab. (2016). Peer review presentation.Links to an external site. https://owl.purdue.edu/owl/teacher_and_tutor_resou…Santora, J. C. (2008). How to build a framework for strategic alliances.Links to an external site. Nonprofit World, 26(6), 15–17.Saxena, K. B. C., & Bharadwaj, S. S. (2009). Managing business processes through outsourcing: A strategic partnering perspectiveLinks to an external site.. Business Process Management Journal, 15(5), 687–715.
The Impact of Entrepreneurs on Society
Introduction
? Social entrepreneurship has gained significant traction in the
corporate, public, and non-profit sectors in recent years.
? Social entrepreneurship has emerged as a worldwide movement that
influences society by adopting inventive methods to address social
issues (Rey-Martí et al., 2016).
? Cognitive attitude and feasibility are impacted by several enabling
variables (Anggadwita et al., 2017).
? Examples of these factors include individual proficiency, self-
confidence, and assistance from others.
Background
? Entrepreneurship is widely acknowledged as a driving force for economic
growth and innovation.
? Entrepreneurs play a crucial role in shaping broader societal landscapes (Roberts
& Woods, 2019).
? Their impact extends far beyond business success
? Innovative products and services introduced by entrepreneurs not only enhance
consumer choices but also drive economic expansion.
? Entrepreneurship within specific ecosystems and is increasingly recognized for
its potential to address social issues and foster diversity (Anggadwita et al.,
2017)
Review of Literature
? Roberts and Woods (2019) research on how entrepreneurs affect society is
extensive and emphasizes how important entrepreneurship is to spurring
innovation and economic development.
? Robinson (2018), the relationship between economic development and
entrepreneurship in great detail.
? Entrepreneurship may also have a substantial influence on
competitiveness and market dynamics (Rey-Martí et al., 2016)
? The emergence of new competition may lead to a boost in the number of
options accessible to customers (Robinson, J. (2018).
Principle School of Thought
? Spillover in the impacts of global entrepreneurship on society
?
Technology transfer
?
Job creation
?
Knowledge sharing
?
Supply chain and local economies
Tendencies in the Academic Literature
? The emphasis on social impact
? Inclusivity and diversity
? Environmental sustainability (Macke et al., 2018).
? Globalization and cross-border entrepreneurship
? Policy and regulation
Commonalities in Academic Scholarship
? The study of the social entrepreneurship phenomena is increasing, yet it is
still lacking coherence, as shown by numerous sources
? Several scholars contend that the field of academic research in social
entrepreneurship is still in its early stages of development
? The progress of social entrepreneurship research in theory construction is
hindered by an overwhelming emphasis on practicality rather than
embracing a meta-theoretical approach.
? It is worthwhile to examine the academic research landscape surrounding
social entrepreneurship, scrutinizing its principles, trends, classifications,
and forthcoming obstacles.
Main Concepts for Application in Business
Management
? The management should foster creativity and innovation in the
decision making process.
? Strategic planning should include risk management and adaptability
elements (Albort-Morant & Oghazi, 2016).
? Entrepreneurship in the global environment should include detailed
and well-researched sustainability strategies.
? Ecosystem building (Imaroh, 2016).
Implications for Social Change
? Job creation and economic growth.
? Advancing innovation and technology development especially in
developing markets (Robinson, 2018).
? Entrepreneurship may have a substantial influence on competition
and the dynamics of the market.
? The influence of entrepreneurship on social and cultural
transformations is intricate and multifaceted.
Gaps in the Literature
? Negative externalities and unintended consequences
? Long-term impact assessment
? Standardized measurement and metrics
Conclusion
? Entrepreneurship has a substantial influence on society, impacting many
facets of our lives and molding our lifestyle and professional endeavors
? Entrepreneurship may serve as a viable remedy for social issues and
significantly contribute to the advancement of education and the
enhancement of skills
? The future prospects for entrepreneurship depend on many elements, such as
the availability of finance and resources, the economic stability, and the
inclination of people to undertake risks and seize entrepreneurial prospects
References
Anggadwita, G., Luturlean, B. S., Ramadani, V., & Ratten, V. (2017).
Socio-cultural environments and emerging economy entrepreneurship:
Women entrepreneurs in Indonesia. Journal of Entrepreneurship in
Emerging Economies, 9(1), 85-96.
Albort-Morant, G., & Oghazi, P. (2016). How useful are incubators for
new entrepreneurs? Journal of Business Research, 69(6), 2125–2129.
https://doi.org/10.1016/j.jbusres.2015.12.019
Battilana, J. (2018). Cracking the organizational challenge of pursuing
joint social and financial goals: Social enterprise as a laboratory to
understand hybrid organizing. Management, 21(4), 1278-1305.
References
Imaroh, T. S. (2016). Entrepreneurship education as a strategy for improving the
economic independence and competitive ability of society in Asian economic
community (AEC) era. International Journal of Organizational Innovation, 9(2),
287–294.
Macke, J., Sarate, J. A. R., Domeneghini, J., & da Silva, K. A. (2018). Where do we
go from now? Research framework for social entrepreneurship. Journal of cleaner
production, 183, 677-685.
Parthiban, R., Qureshi, I., Bandyopadhyay, S., Bhatt, B., & Jaikumar, S. (2020).
Leveraging ICT to overcome complementary institutional voids: Insights from
institutional work by a social enterprise to help marginalized. Information Systems
Frontiers, 22, 633-653.
References
Imaroh, Rey-Martí, A., Ribeiro-Soriano, D., & Sánchez-García, J. L. (2016). Giving
back to society: Job creation through social entrepreneurship. Journal of Business
Research, 69(6), 2067–2072. https://doi.org/10.1016/j.jbusres.2015.12.010
Roberts, D., & Woods, C. (2019). Changing the world on a shoestring: The concept of
social entrepreneurship. University of Auckland business review, 7(1), 45-51.
Robinson, J. (2018). Navigating social and institutional barriers to markets: How social
entrepreneurs identify and evaluate opportunities. Social entrepreneurship, 95-120.
https://doi.org/10.1057/9780230625655_7
References
Sengupta, S., Sahay, A., & Croce, F. (2018). Conceptualizing social
entrepreneurship in the context of emerging economies: An integrative
review of past research from BRIICS. International Entrepreneurship and
Management Journal, 14, 771-803.
Trung, N. B. (2019). The spillover effects of US economic policy
uncertainty on the global economy: A global VAR approach. The North
American Journal of Economics and Finance, 48, 90-110.
https://doi.org/10.1016/j.najef.2019.01.017