Week 7 Reflection

     This was one of my favorite weeks of studying Social Innovation. We got to present our social category and I presented on Social Business: EveryTable. I was grateful for the topic I was assigned because it was near and dear to my heart. It's a social issue that I'm very interested in, it is aiming to solve the social issue caused by Food Deserts. Which happens to be the social issue I have chosen for this semester. 

   The article "A Better Way to Think About Your Business Model" contained one particular point that particularly stood out to me. According to Alezander Osterwalder, "The business model canvas — as opposed to the traditional, intricate business plan — helps organizations conduct structured, tangible, and strategic conversations around new businesses or existing ones." He continued by listing a few businesses that genuinely employ this business strategy. I was motivated to consider the kind of business I want to launch in the future, and Alexander's examples made it a lot simpler for me to do so.

   No matter what you're doing, whether you're establishing a business or already running one. It is always beneficial to develop and improve your business skills. I believe that marketing your business and products is one of the most crucial skills to have while running your own company. In order to sell your product, you must also be able to keep a customer's attention regardless of the subject. Maintaining a balanced income statement so that you can always know the situation of your business is another essential skill to always be working on developing.

Comments

Post a Comment

Popular posts from this blog

Week 12 Reflection

      This week we learned about Self reliance & Microedit and Gap Analysis.  Learning more about different entrepreneurs and the changes they helped to bring about, sometimes through governmental reform as well as their own insight, was one of the things I found to be the most helpful.       I believe that the ABCs of Self-Reliance from the Gap Analysis studying portion was one of the items that particularly caught my attention. Although it is ABC, I found it interesting that the "C" in cognition—which is what really starts the change or the action that motivates the behavior—is where it all really starts. This knowledge, in my opinion, is a game-changer that I apply for my personal own use in my life. I believe it can not only benefit myself but for others as well.      I have identified a few places where I need to apply the ABCs to myself after applying them to others. Doing new or even challenging activities is something th...
Read more

Week 5 Reflection

           This week we learned all about Solution & Impact Evaluation. We started with the Theory of Change, it is very useful. It is basically how an organization's day-to-day activities relate to its mission and overall goals and outcomes. Once we know this, we can measure how successful they are. We were also introduced to an amazing organization that is making a great impact: The Rooftop Garden, where they use disabled people to learn new skills, be in the sun, and socialize.     We also learned how to analyze our results through, outputs, outcomes, and impact. These are useful when trying to understand the results of a nonprofit. Outputs are easy to count, outcomes can be difficult to measure and impact is actually very difficult to measure. Kevin Starr's Lasting Impact helps me understand how to measure a non-profit's success in a deeper way. He utilized specific questions and taught us how to look at a successful mission statement. Hi...
Read more

Week 11 Reflection

      This week we learned about Impact Investing in the article "Impact investing is hot right now. Here's why." We learned that  Impact investing is currently a popular and growing trend. Impact investing is a great way for investors to align their financial goals with their desire for social and environmental impact. It offers a way to generate financial returns while also making a difference in the world! Impact investment uses market-based ideas to overcome social and environmental challenges. It's priority is long-term effect and sustainable solutions.       I enjoyed doing the Application assignment this week and seeing which corporations used which other types of companies to invest in causes for the greater good. How each of them worked and collaborated with others to increase their impact on social concerns. One of the things I struggled with was that many of the companies we looked at were all doing good for other countries, and the one...
Read more