Fostering social change by empowering homeless people through social entrepreneurship

Seminar paper from the year 2023 in the subject Business economics - Company formation, Business Plans, grade: 1,0, , course: Cross-Cultural Creativity and Entrepreneurship, language: English, abstract: Homelessness is a complex and pressing issue. It affects millions of people around the globe. Moreover, it is a condition that is often seriously misunderstood and stigmatized, and as well often seen as a personal failing rather than a systemic problem. Corresponding to the Harvard Business Case Study “Creating a purpose-driven organization”, we (EMPOWERLIFE, a fictive company) have a clear purpose: to positively impact the lives of homeless individuals. EMPOWERLIFE is committed to provide immediate assistance while empowering them to rebuild their lives with dignity and purpose. We venture to create a supportive and inclusive environment where every person feels a sense of belonging. By aligning individual values with our organization's purpose, EMPOWERLIFE foster a motivated team that understands their role in realizing our mission. Together, we work unremittingly to offer resources, chances, and support, ensuring that no one is left behind. Join us in creating a meaningful change and bring-ing hope to those in need. The goal within this report is to create an idea and plan for social entrepreneurship. During that, the experiences and creative moments of this spring semesters course: “Cross-Cultural Creativity and Entrepreneurship” will be applied. To explain and pitch the chosen idea, this report is structured into four main chapters including the introduction. After the introduction, in the second chapter, the target group will be the subject. The main focus in this chapter is to analyse the situation and the market. Based on that, the third chapter is about my personal reasons and motivation to choose this particular group. Subsequently, the last chapter, chapter four, is about the business concept including all creative solutions and ideas which are planned.