Hi I need help with this question. this is question 2 I have already answer question 1 and I have mentioned the answer for that below to help you with this.

Q2.

How entrepreneurial innovations can address societal problems

Use appropriate analysis techniques to evaluate how and why the societal problem(s) can be solved through the entrepreneurial innovation you have identied. The application of and critical reflection on the usefulness of module concepts for the purposes of your analysis are strongly encouraged. Your evaluation should address the following inter-related topics:

• Inherent appeal of the entrepreneurial innovation, including the societal problem(s) it addresses, the main benets offered, operational aspects (including its requirements in terms of functional areas of management) and innovative features.
• Estimate the demand for your entrepreneurial innovation, including distribution of customer size, an indication of its capacity to become nancially viable (e.g. in terms of pricing and having a marketing strategy capable of attracting a sufcient number of target customers), the main competitive challenges, and overall growth potential over a specied time (i.e. the rst 18 months of operations).
• Financing requirements including production and marketing costs, forecast of nancial and/or social returns to be generated by the entrepreneurial innovation over a specied time (i.e. the rst 18 months of operations), which should be related to the mission, vision and objectives.

Question 1

Answer:

Part 1

Entrepreneurship and innovation are means by which individuals can help those around them, by providing goods and services that fulfil a social need. For my entrepreneurial innovation I have selected to rather use Intrapreneurship within the company AirBnB. I believe that by better utilising the infrastructure that AirBnB has we can create an internal not for profit organisation which works to reduce homeless and people sleeping on the street, all over the world.

AirBnB stands for (air bed and breakfast), it allows its users to book places to live from those willing to rent out rooms or entire houses through the site. AirBnB has a peer-to-peer business model that allows both ends to be left happy with the service provided. I have chosen to use AirBnB as my entrepreneurial innovation as I often use this service when it comes to weekends away with friends or long family holidays. Another reason for choosing AirBnB is because I see it as a very successful idea that has coped with its issues with the upmost productivity and efficiency. The company is a sustainable long tern business that seems to have the ability to navigate through turbulent times such as the Covid pandemic.

B.

The Mission for the company would be to "provide temporary housing for people sleeping on the street".

The Vision for the company is to "Become affiant enough to eradicate homelessness"

The strategic objective for the company is to develop a system that allows everyday people that use Airbnb's services as a partner or a customer to help those around them within their localities.

c.

The Business Model for the Non-profit organisation begins with a healthy partnership with AirBnB. By utilising the software and database that we have we can then find empty residences that are operated by AirBnB or a third party agent and match them with homeless people looking for a place to sleep that night. To help with operating costs we can advertise the project on the international AirBnB website and ask for donations from customers as well as partners.

d.

The goal of sustainability in business is to balance the economic, social, and environmental responsibilities that every business has. Businesses have a social responsibility to take care of not only their workers but also the societies around them and this is paramount to make it a sustainable and long life venture. In the long run the innovation would be able to have instant solutions in place for people who are a victim of homelessness and be able to create an infrastructure that is reliable and effective on the grass route level.