INDIVIDUAL ASSIGNMENT 2 SS Essay Example | Topics and Well Written Essays - 2500 words

INDIVIDUAL ASSIGNMENT 2 SS - canvass ExampleThe Bendigo pious platitude in Tambellup and Cranbrook is one such kind of social enterprise, rising from humble beginnings to indue the two communities their identity. The creation of the community bank is attributable to two individuals, Vicki Brown and Jan Pope, after facing some(prenominal) challenges they rode on motivating points to spearhead the creation of this bank in their respective community. Overcoming the Feat Challenges and Motivations they staged. They were motivated by the lack of proper banking services that catered for the needs of the rural community, while listening to a certain stage they reaffirmed Louise Petschlers concern everyplace poor banking in the country. According to the latter, banking services had deteriorated to the extent that they had failed to provide unclouded and affordable basic services, additionally, they were providing these at high costs and with poor customer services while shutting com munity branches. CHALLENGES The initiative by Vicki and Jane is regularly a commercial interest although with a social context, they face numerous legal, financial, management and development challenges that a typical commercial business faces. However, due to the unique common premise that the business is built upon, they face a considerably different set of challenges than a typical business faces (Fayolle and Harry 8). The key challenges that Vicki Brown and Jan Pope confront were stakeholder participation, balancing of their key objectives, raising finance, and enlisting of professional staff and expert advice Stakeholder participation The key stakeholders in this initiative were the 700 and 1100 members of community for the two towns Tambellup and Cranbrook respectively. Furthermore, the Bendigo curse was an important participant in the put to work, this because the community bank would be a franchise of their own establishment. The process of convincing people to contribut e money to investing in an enterprise that was yet to be created prove to be a daunting task to the two and the steering committee that was in charge of the launch. They were distressed that the failure of the business would subject to guilt and a lot of burden. The rural community who were to be banks customers was concerned about the confidentiality of their financial information this was expeditiously addressed by the concerned parties. Pessimism that the locals had over the future of the bank coupled with the show that ABC was running at that time concerning failures of local initiatives. equilibrate Key Objectives Vicki and Jan had noted that the agricultural communities in their small towns were being inconvenienced as they were forced to travel hanker distance to undertake this important service. The lack of facilities in the battlefield affected several businesses in the area and not merely these two major sectors of the areas economy an estimated $26,000 was being lost per workweek to other towns. Any community initiative must strive to balance two key objectives, get the social purpose for which it was initiated and operate as a sustainable commercial entity (Kickul and Sophie 219). The problem the two initiators faced were the way in which to balance these two objectives. On the other hand, they worried that if the bank performed the first spot