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Running Head: BUSINESS PLANNING FOR SOCIAL ENTERPRISE 1Business Planning for Social EnterpriseStudent NameInstitution Affiliation
BUSINESS PLANNING FOR SOCIAL ENTERPRISE 2How Social Enterprises Can Accommodate the Concept of Business PlanningSocial enterprises are typically unique business ventures owing to their structural composition, source of funding and attached expectations from the environment in which they operate. Social enterprises practices are informed by the desire to better social environment in which they operate as opposed to entirely maximizing on profits. As a fact, all business setups need articulate business plan to underlie all their operations. While this should be the case, most startup social enterprises tend to be less inclined towards writing business plans. Kraus et al. (2006) observes that an examination of small firms literature reveal a non-consensus analysis as to the extent small firms write business plans. But as the debate continue as to what percentage of social enterprises write business plan,studies indicating low percentages attribute this trend to the fact that social enterprises comprise of few employees and as such decision making and operations are central and swift. This simplicity makes most social entrepreneurs ignore the need for a business plan. This paper will