PROPOSAL FOR A DOUBLE-LINE VENTURE Assignment Example | Topics and Well Written Essays - 3250 words

PROPOSAL FOR A DOUBLE-LINE VENTURE - Assignment Example However, the business venture must assess and scrutinize the progress of the initiative to determine potential strengths and weaknesses. Meanwhile, inefficiencies and market failures will arguably contribute to emergence of numerous opportunities vital for growth and expansion of the double-line venture. Despite the numerous risks and potential challenges, the business venture will continue to capture the imagination of nonprofits and funders alike. The essay primarily focuses on a proposal for double-line venture. Entrepreneurial ventures pursue opportunities regardless of the resources they have and control. However, discovering the opportunities that lie outside of the current market structures remains a significant challenge to virtually all entrepreneurial ventures worldwide. A number of such opportunities in new and existing markets focus primarily on the needs of underprivileged or underserved customer segments. In most cases, inefficiencies and market failures contribute to the emergence of numerous opportunities. Entrepreneurs can successfully mobilize resources to help in resolving market failures in particular sectors of the economy and provide a viable solution to specific social problems. The primary objective of the double-line venture should be to create a new socially valuable product or service that will ultimately address the aforementioned challenges. In addition, the business venture, through its double-line program (second bottom line), is committed to measuring performanc e in relation to potential positive impacts on local communities. It also uses the power of business to bring about environmental and social change through various social enterprises and initiatives. This paper main purpose is to analyze the entrepreneurship in the global perspective; and specifically to highlight the concept of double line business concept. The idea of measuring conventional financial accounting concurrent with the social return will be