Employing The Community Entrepreneurship In Solving The Economic Challenges

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.

This type of entrepreneurship involves the some strategic business planning, market analysis and projection as well as the marketing techniques. The students are therefore equipped with the basic skills and expertise that are helpful in the community growth and development.

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.

This in return help the students to offer the most immediate and effective solutions to these problems. This is done through conducting the most famous corporate social responsibilities. These include activities like general market cleaning, conducting social events like competitions, and even engaging in scholarships and sponsorship.

Economic development requires an exhaustive plan that will move the society towards achieving economic and social growth within the society. The plan involves certain long term strategies that when implemented will see the community achieving full or partially full economic development.

The social responsibility also entails such activities like environmental cleaning, tree planting, environmental conservation through garbage collection. These are meant to create a healthy environment and atmosphere. The environment which is devoid of health crisis like spread of pandemic disease and catastrophic. This is aimed at addressing both the long term and current societal problems.

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.

With the economic recession currently experienced in most common parts of the world, many societies have less developed leading to high rate of poverty. Poverty is a major threat to social security and as well lowers the level of living standard in the society. Economic growth is therefore helpful to avoid the contingencies that might arise in response to poverty.

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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