Answer to Question #201589 in Management for amjad jawaid

Question

: Please discuss in detail about the following

 

a)     Corporate Entrepreneurship with reference to Pakistan

 

b)   Social Corporate Responsibility with reference to Pakistan

 

c)   Social Entrepreneurship in coherence with Pakistan 

Answer 1

1) Corporate entrepreneurship can also be reffed to as intrapreneuship which is the process of developing new products, services and businesses. It creates value and generates new revenue through entrepreneurial thoughts and action. Pakistan as nation fosters their economy by boosting their financial institutions such as banks that collectively form their financial sector that occupies 80% of the market capitalization. The big five banks in Pakistan always strive for impressive business performance results, thus, this makes the market more competitive. This approach explains how the big five Pakistani banks helps in improving the county's economy by boosting other financial institutions.

b) Social Corporate responsibility is a management concept whereby, companies integrate social and environmental concerns in their business operations and their interactions with their stakeholders. The Pakistani banks looks at how they can benefit and better serve the nation by improving their brand name awareness and their recognition nation wide. This approach helps in reducing the impacts of their products and services through the reductions of greenhouse gases, optimisations of water usage and waste management.

c) Social entrepreneurship is an approach where groups or organizations fund and implement solutions to social, cultural and environmental issues. The Pakistani banks uses this approach because they vary in size,aims and beliefs. The banks measures their performance using business metrics such as profit revenues and increase in stock prices. The approach gains attention in Pakistan by modifying innovation in the market, enhancing social investments of trade, creating job opportunities and eradicating poverty across the nation therefore, boosting the Pakistani economy.