Tuesday, October 1, 2013

Importance Of Community Entrepreneurship In The Society

By Paulette Short


Poor policies and lack of proper planning techniques are the cause of the world economic problems. The classical economists opted that the market forces are capable of solving the market problems. However this has not been the case in the long run as was experienced in the late nineteen thirties. The overall impact of this is the emergence of high rate of inflation and unemployment which give rise to extreme poverty in the long run. To contain these, a good economic project known as community entrepreneurship has been rolled out.

The project is a set of community economic empowerment program aimed establishing small sized enterprises in the society to help solve their micro problems. The whole project involves different trainings being given to a set of student to equip them with basic skills which they may use constructively to achieve both long term and short run objectives.

The skills acquired so far are the entrepreneurial skills in relation to the corporate social responsibility and a healthy economic growth and development. The knowledge of the social responsibility assists the student with the expertise of a deeper understanding of the society need and preferences as a well as mood.

The training has two major objectives. Training equips the students with the knowledge concerning the social responsibility in the society. It also engages the minds of the students on the needs and the skills for achieving economic growth and development. In addition to the first two objectives, by engaging the students who mainly are youth, the issues of insecurity are to some extent addressed.

This is done to enhance peaceful coexistence in the market. The community development and growth is usually long term in nature. It therefore requires a comprehensive growth strategy and projects that will oversee the achievement of growth in the long run.

Some of the issues addressed in the plan is the provision of education and other social and economic amenities. Through education, students from the poor backgrounds get the opportunity to further their studies and compete with their counterparts from the wealthy families. They are therefore able to acquire knowledge which is helpful in the long run.

Another important issue being looked during the training is the development and growth of the economy within the community. This usually involves the aspect of planning of the long term strategies and activities that will eventually encourage economic growth.

The long term planning revolves around the education sector, provision of basic services and goods like the clean water project, construction of roads where the government has failed or unable to provide and the different type of investments and development projects to empower both the youth and the old. This reduces the dependency level and social injustices in the society.

Community entrepreneurship has played a very pivotal role in growing the economy. It provides the service that may not be fully funded by the government or by any agency. It helps understand the basic and urgent services required within the society and adopting the best solutions to these problems. With the services been in place most students from poor families are able to obtain scholarships. The basic commodities have also been made available and this has led to large scale empowerment of people within the society.




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