A team leader plays an important role in team building by aligning team members through effective communication of purpose. They delegate tasks to individuals based on their strengths and personality types to achieve meaningful results. Various types of team building include personality-based, activity-based, skills-based, and problem-solving approaches to develop trust, skills, and improve dynamics. A leader's responsibilities include managing activities, motivating the team, and resolving issues to maximize performance.

1. Social
entrepreneurship
Module 4

2. – What Is a Social Entrepreneur?
– A social entrepreneur is a person who pursues novel
applications that have the potential to solve community-
based problems. These individuals are willing to take on
the risk and effort to create positive changes in society
through their initiatives. Social entrepreneurs may believe
that this practice is a way to connect you to your life's
purpose, help others find theirs, and make a difference in
the world

3. Social Entrepreneurship
– Social entrepreneurship is an approach by individuals,
groups, start-up companies or entrepreneurs, in which
they develop, fund and implement solutions to social,
cultural, or environmental issues. This concept may be
applied to a wide range of organizations, which vary in size,
aims, and beliefs.

4. – Types of social entrepreneurs
– When it comes to driving change through social entrepreneurship, there are
many definitions. These individuals and companies represent a vast cross-
section of what they are trying to accomplish with their businesses. They also
differ in terms of their strategies and goals for bringing about social change.

5. – 1. The Community Social Entrepreneur
– This entrepreneur seeks to serve the social needs of a
community within a small geographical area. These
entrepreneurial initiatives could be anything from creating
job opportunities for marginalized members to building a
community center. Social entrepreneurs on this scale are
usually individuals or small organizations. Microfinance
loans are one example - offering financial solutions to
local people with no access to banking

6. – 2. The Non-Profit Social Entrepreneur
– These entrepreneurs are focused on social, not material gain,
meaning they prioritize social well-being over traditional
business needs. They reinvest any profits into the business to
facilitate the further expansion of services
– Non-profit social entrepreneurs are usually companies and
organizations that choose to use their power for social good.
The story of Goodwill Industries serves as a great example: In
1902, the company started employing poor residents to work
with donated goods, reinvesting all profits into job training
programs.

7. – 3. The Transformational Social Entrepreneur
– These people are focused on creating a business that can
meet the social needs that governments and other
businesses aren't currently meeting. The transformational
category is often what non-profits evolve to with sufficient
time and growth. They become larger organizations with
rules and regulations - sometimes growing to the point of
working with or getting integrated into governmental
bodies.

8. – 4. The Global Social Entrepreneur
– These entrepreneurs seek to completely change social systems
in order to meet major social needs globally. It's often where
big companies end up when they realize their social
responsibility and begin concentrating on positive change as
opposed to just profits. It's also where the largest charity
organizations, such as the Bill & Melinda Gates Foundation
stand.

9. Concept can be divided into Three
stages:
– (1) The Oldest Interpretation of Entrepreneur's Social
Responsibility:
– In the most ancient system, the word entrepreneur had not
even merged. Production of required things was a domestic
work. Family members used to produce required thing sitting
at home only. So, it is quite natural that where the
entrepreneur was not born, the concept of entrepreneur's
social responsibility also did not exist in that society.

10. Concept can be divided into Three
stages:
– (2) Ancient Interpretation of entrepreneur's Responsibility:
– With the beginning of the ancient time, there was a movement in
the indus trial field. After barter system and exchange system,
exchange of money also came into play. So, the cottage industries
expanded and at the same time, small scale industries also
developed. As a result, unknowingly importance of
entrepreneurial class started increasing and they also started
realizing that whatever they earn there was the share of the
society. So, he must do whatever he can to fulfill his responsibility
towards the society. So, besides self-interest, entrepreneur
started becoming little conscious about his moral responsibility
towards society which included social welfare activity, managing
industry honestly, regular manufacturing and properly

11. Concept can be divided into Three
stages:
– (3) Interpretation of Entrepreneur's Social Responsibility during the Middle Age:
– Middle Age started when the Ancient Age ended. With the starting of the Middle
Age, industrial system started making its presence felt. New production methods
were being invented, production of new things started. New markets were invented.
Till then, the raw material was obtained from domestic Sources, but afterwards raw
material used to be obtained from external sources. Slowly and gradually, support of
advertisement began to attract customers towards their things. Because of all these
efforts improvements were introduced in production method and production
system.
–

12. Characteristics of social
entrepreneurship

13. Characteristics of social
entrepreneurship
– Passionate For Social Change – They are passionate about their ideas and
projects to achieve social change. Also, they address social issues to improve
the lives of disadvantaged people within communities.
– Innovative Solutions – They identify and solve social, financial, and
environmental problems using effective solutions. Besides, they practice
innovative approaches to address public issues and bring positive change in
society.

14. Characteristics of social
entrepreneurship
– Self-Supportive & Financially Sustainable – They do not depend on
government subsidies to survive and generate capital to further the
social cause. However, their primary focus remains to maximize social
satisfaction.
– Scaling Improvement – They primarily focus on expanding the scope of
their actions to increase their social influence. As a result, they persuade
societies, large corporations, and governments to support social
entrepreneur ideas of social transformation.

15. Characteristics of social
entrepreneurship
– Entrepreneurial Approach – They identify market possibilities,
gather resources, develop creative solutions, and have a long-
term impact on society. Also, they use feedback to improve their
performance and stay persistent in their efforts to meet.
– Persuasive - People can be persuasive by using emotion or logic.
A persuasive encyclopedia salesman might lead you to believe
you'll be a smarter person with your own complete set of
reference books.

16. Role of Social Entrepreneurship
– Social entrepreneurs focus on developing an equal and just society by providing
economic and social security to the members of the society, by providing them
livelihood opportunities and by raising the standard of living of the people
– Entrepreneurship is very important because it can improve living standards and
create wealth for entrepreneurs and related businesses. Entrepreneurs also
help drive change with innovation, where new and improved products enable
new markets to be improved.

17. Role of Social Entrepreneurship
– Entrepreneurs Are Innovators
– Technology is quickly changing the fabric of every nation’s workforce.
Old, blue-collar manufacturing jobs are reducing, and other
occupations don’t exist anymore. For example, telephone switchboard
operators, movie film projectionists or elevator attendants.
– Entrepreneurs observe such changes and step in to fill the voids. They
also observe the negative consequences and the losses of some
occupations caused by technology. However, they sense opportunities
in the new landscape. Thus, entrepreneurs innovate. They make new
products and services with advances in technology that create
possibilities.

18. Role of Social Entrepreneurship
– Entrepreneurs Create Jobs
– As entrepreneurs initiate new businesses, they need to recruit employees.
These new companies become engines of job creation. According to the
Small Business Administration, small companies have created 65% of new
jobs since the recession.
– Entrepreneurs make entirely new industries and opportunities for
employment. Let’s say a football coach in Nebraska. It was noticed that
young athletes received their coaching when they were on the practice field;
however, after they left, they got absolutely nothing. So, he did a business
that collected videos for sports training and put them on a website.

19. Role of Social Entrepreneurship
– Entrepreneurs Create Jobs
– As entrepreneurs initiate new businesses, they need to recruit employees.
These new companies become engines of job creation. According to the Small
Business Administration, small companies have created 65% of new jobs since
the recession.
– Entrepreneurs make entirely new industries and opportunities for employment.
Let’s say a football coach in Nebraska. It was noticed that young athletes
received their coaching when they were on the practice field; however, after
they left, they got absolutely nothing. So, he did a business that collected videos
for sports training and put them on a website.

20. Role of Social Entrepreneurship
– Entrepreneurs Raise Standards of Living
– Entrepreneurship is a procedure. Entrepreneurs observe a need in the
marketplace and use their innovative talents to search for a solution.
They start a new business and recruit employees. The workers earn a
salary, which they spend in the local economy. All of this creates wealth
for the population and raises the standard of living for anyone involved.
– Studies from economists show that productivity increases improve the
standard of living for a population. The procedure of entrepreneurship
leads to more productivity. Innovation applies more efficient
technologies to make something new, innovative or improved. It finds
more ideal ways of doing something.

21. Role of Social Entrepreneurship
– Entrepreneurship makes Economic Growth.
– It is important to know how entrepreneurs contribute to the economy.
– Starting with new businesses generating wealth for the population, new
markets add wealth to the economy when entrepreneurs invest their
own money to make innovative products and services. Lenders and
other investors contribute more capital to the new ventures to give more
funds at work.
– Businesses pay taxes on their profit, and later employees pay taxes on
their salary. The government takes this income and spends it to
stimulate the economy.

22. *Innovation and entrepreneurship
in social context
– Social entrepreneurship involves creating new products or services to
address social or environmental needs. The products and/or services
are made available through existing market structures. These are
enterprises with a social betterment goal that are structured to make a
profit.
– Social innovation & entrepreneurship is an interdisciplinary approach to
creating systems-level change that applies the best thinking and
practices from across the nonprofit/civic, private, and public sectors.

23. Innovation and entrepreneurship in
social context
– “To inspire, prepare, and support a community of innovative and
entrepreneurial leaders who apply a human-centered and systems
mindset and skillset to systemically address the urgent social &
environmental challenges in our rapidly-changing world.”

24. Innovation and entrepreneurship in
social context
– Defining Social Innovation and Entrepreneurship
– Social innovation & entrepreneurship is an interdisciplinary approach
to creating systems-level change that applies the best thinking and
practices from across the nonprofit/civic, private, and public sectors. It
aims to address a complex problem or “unjust equilibrium” through
which the value created is targeted primarily to a segment of society
experiencing marginalization or to society as a whole.

25. Innovation and entrepreneurship in
social context
– Understanding a social/environmental problem through a lens of empathy,
including its social, political, economic, cultural, environmental, and personal
dimensions.
– Identifying an opportunity; ideating, testing, and refining an innovative,
impactful, and systemic approach to the problem through a human-centered
process that is iterative and collaborative; and ensuring that its social value
proposition is realized for the key stakeholders.

26. Innovation and entrepreneurship in
social context
– Implementing and scaling that approach or social innovation through a
sustainable social impact model—via a mission-driven, triple bottom line-
focused organization or partnership
such as a social enterprise, high-impact nonprofit, socially-responsible business,
or cross-sector/collective impact initiative.

27. What are the key policy dimensions regarding innovative
entrepreneurship?
The following six policy dimensions are particularly
entrepreneurship:
• Access to finance. This policy dimension is concerned
with access to capital required to establish and run a
business. It includes access to debt financing, venture
capital, business angels and other types of finance, as
well as exit options and market. Access to finance is a
key driver in the creation, survival and growth of
innovative new ventures, as it enables new ventures to
invest in innovative projects, improve their
productivity, finance their growth and meet market
demand.

28. innovative entrepreneurship
– Access to knowledge. This dimension covers the various private, public and
academic knowledge links that nourish innovative entrepreneurial activity. It deals
with technological co-operation between firms, university-industry interface, R&D
investments and other investments in innovation, intellectual property systems and
access to information and communication technologies (ICT). Access to knowledge
is essential for innovative entrepreneurship, as it is a key source of innovation-
driven entrepreneurial opportunities.

29. innovative entrepreneurship
• Market environment. This dimension deals with several
aspects of market development and access, such as
access to domestic markets, access to foreign markets,
product market regulation, states of competition and public
procurement. Market development and access play a key
role in innovative entrepreneurship, since market
opportunities will ultimately determine conditions for
business success or failure.

30. innovative entrepreneurship
– Access to labor . This policy dimension deals with the
conditions for acquiring highly-skilled human capital by
entrepreneurs. It includes policies affecting the cost of
hiring/firing, the availability of skilled labor and immigration.

31. innovative entrepreneurship
• Entrepreneurial capabilities and culture. This dimension accounts for societal and cultural
infrastructures, such as business support infrastructure, business and entrepreneurship skills
and experience, and attitudes towards entrepreneurship. Entrepreneurial capabilities play a
critical role in market entry and in the success of new ventures, since they determine the
capacity to identify opportunities, run new businesses, drive innovations and learn and adapt
to changing circumstances. Culture may also affect innovative entrepreneurship by influencing
the propensity of individuals to become entrepreneurs.
• Regulatory Framework. This dimension deals with government regulations and public
policies that influence the creation and early-stage growth of new companies, such as the
administrative framework for entry and growth, the taxation regime and bankruptcy
regulations.

32. Team Building
– Team building is the process of turning a group of individual
contributing employees into a cohesive team—a group of people
organized to work together to meet the needs of their customers by
accomplishing their purpose and goals.
– Teamwork means that people will try to cooperate, using their
individual skills and providing constructive feedback, despite any
personal conflict between individuals.” Teamwork is selfless. It
focuses on the end goal. Teamwork runs on the concept that the
whole is greater than the sum of its parts

33. Team building concept
– Team building can include the daily interaction that employees
engage in when working together to carry out the requirements of
their jobs. This form of team building is natural and can be assisted if
the group takes the time to come up with a set of team norms.
These norms help group members know how to appropriately
interact on the team and with the rest of the organization

35. Team building concept
– Individuals flourish as they use and develop their Strengths.
– People come together, building relationships that result in
effective Teamwork.
– The team leader Aligns the team through effective communication of
purpose, so that individual strengths combine with teamwork to
deliver the teams results.
– Together everyone achieves more as performance flows
and Results, that are meaningful and rewarding to the team, are
achieved.

36. Types of team building
– Personality-Based Team Building
– earning that some employees are more introverted than others
may lead managers to assign them specific creative tasks, while
extroverted employees may benefit more from tasks that involve
engaging with people and presenting new ideas. Each personality
type has a role to play in an organization. Team building strategies
that incorporate each team member’s personality type, with an
understanding of how each individual interacts with others, can
help businesses better appreciate what everyone has to offer.

37. – Activity-Based Team Building
– In an activity-based approach to team building, team members
participate in a series of challenging tasks designed to take them out of
their comfort zones. In many cases, these tasks are completed outdoors
and can include ropes courses, boot camps, rafting or survival events.
– While it may seem irrelevant to take teams out of the office, in truth, it
can be highly rewarding for teams that need to learn to work together
and trust each other. Activity-based approaches can work particularly
well with younger employees who may be eager to try their hand at
something different.

38. – Skills-Based Team Building
– For managers concerned that activity-based team building may not
be developing specific job skills, a skills-based approach may be
beneficial. Here, team members participate in workshops to develop
important job skills, such as how to negotiate effectively and give
helpful feedback. The types of skills honed in a skills-based
workshop can immediately be relevant to the job and can be highly
useful for boosting team performance.

39. – Problem-Solving-Based Team Building
– Sometimes, it is best for teams to look specifically at their internal
dynamics and discover problems within the workplace, such as process
strategy, poor morale or a lack of communication.
– The problem-solving-based team building technique is designed to do
exactly that. This approach often takes place in a retreat setting and
involves an external consultant. The team leader navigates teams
through a series of exercises that help them narrow in on issues and
work to resolve them. By directly addressing problems the group is
having, this approach can be an excellent way to help teams relax and
improve interpersonal bonding.

40. Role of a leader in team building
– A team leader is responsible for guiding a group of
employees as they complete a project. They are responsible
for developing and implementing a timeline their team will
use to reach its end goal. Some of the ways team leaders
ensure they reach their goals is by delegating tasks to their
members, including themselves.

41. Team Leader Responsibilities:
– Managing the day-to-day activities of the team.
– Motivating the team to achieve organizational goals.
– Developing and implementing a timeline to achieve targets.
– Delegating tasks to team members.
– Conducting training of team members to maximize their potential.
– Empowering team members with skills to improve their confidence,
product knowledge, and communication skills.
– Conducting quarterly performance reviews.
– Contributing to the growth of the company through a successful team.
– Creating a pleasant working environment that inspires the team.

42. Team building activity
– Why are team-building activities important?
– Even though they look like games, team-building activities are
thoughtfully designed to encourage people to work as a team in the
workplace. These activities have a number of benefits

43. Team building activity
– Communication: Most team-building activities require thoughtful
communication to win the game or solve the problem. Your employees will
transfer the communication skills they develop during the team-building activity
to their professional relationships.
– Motivation: Participation in team-building activities allows your employees an
opportunity to try something new and refresh their motivation for work.
– Creativity: Some team-building activities require creative thinking to solve
problems. The more frequently your employees engage in creative thinking, the
more easily they can apply creative solutions to company challenges.
– .

44. Team building activity
– Problem-solving: When your employees have low-pressure opportunities to
solve problems as a team, they’ll perform better when faced with problem-
solving in a real-world scenario.
– Trust: Usually, team-building activities involve everyone in the company.
Everyone from upper management to entry-level has an opportunity to work
together, fostering trust for one another and the organization.

45. Time Management concept
– Time management is the process of organizing and
planning how to divide your time between different
activities. Get it right, and you'll end up working smarter,
not harder, to get more done in less time – even when
time is tight and pressures are high. The highest
achievers manage their time exceptionally well

46. A few tips on time management:
– Keep a journal of activities for a week to identify the times of day when you are
likely to be most productive. Use that information to guide scheduling tasks.
– Take time at the start of each day to make a plan for what you want to achieve
and how you intend to do it.
– Schedule tasks according to priority and include unscheduled time in your day.
– Manage your communication availability. Open your email and instant
messaging applications at scheduled times rather than leaving them open all
day.

47. A few tips on time management:
– Follow other email management best practices such as processing your email in
batches and organizing messages to be dealt with at a later time.
– Assume that you will nevertheless be interrupted periodically and add time to
tasks to allow for that inevitability.
– Manage your workload: Don't agree to more work than you can comfortably do
and discuss unreasonable demands with management.

49. The Benefits of Good Time
Management
– When you know how to manage your time effectively, you can unlock many benefits. These
include:
– Greater productivity and efficiency.
– Less stress.
– A better professional reputation.
– Increased chances of advancement.
– More opportunities to achieve your life and career goals.
– Overall, you start feeling more in control, with the confidence to choose how best to use your
time.
– And by feeling happier, more relaxed, and better able to think, you're in a great place to help
others reach their targets, too.

50. significant of Time Management
– Time management is important because it helps you control your workday so
you can build your business without compromising your work-life balance. Here
are seven benefits of proper time management

51. significant of Time Management
– Improve Your Performance
– When you learn to block time out of your day for all your important tasks, you’ll
have a better idea of everything you need to accomplish and how long each
task should take. When you have a schedule to follow, you’ll likely find that you
spend less time deciding what to work on or procrastinating and more time
getting down to important work. Time management can help you focus on just
the essential tasks ahead of you and avoid time-consuming distractions.

52. significant of Time Management
– Produce Better Work
– When you’re not constantly racing to meet a deadline, you can put more effort
and thought into your work. Time management helps you prioritize your tasks
so that you ensure you have enough time available to complete every project.
The quality of your work increases when you’re not rushing to complete it
ahead of a fast approaching deadline.

53. significant of Time Management
– Deliver Work on Time
– Properly managing your time involves assigning every task on your list to a
specific blocks of time. Many people use time management to allow themselves
several days to complete a project, or finish it ahead of the due date to provide
a buffer for any challenges that might arise. If you properly schedule the time
needed to complete your work, you’ll be able to hit your deadlines every time.

54. significant of Time Management
– Reduce Your Stress
– It’s easy to become anxious when you have a full list of tasks to accomplish both
for work and in your personal life. Good time management can help you
prioritize your to-do list and set aside the time needed for your most important
tasks, so you know exactly what you need to do and how much time you have
available to complete everything. Prioritizing your tasks and giving yourself
enough time to accomplish them can help reduce your stress levels.

55. significant of Time Management
– Improved Career Opportunities
– Time management can help you become a more reliable employee who always
submits high-quality work by your due dates. This in turn will make you more
valuable as a worker and improve your professional reputation, which can help
you find new opportunities to expand your career.

56. *Significant of Time
Management
– Boost Your Confidence
– When you manage your time properly and successfully meet your deadlines,
you’ll feel a sense of accomplishment and confidence in your abilities.
Consistently finishing your daily to-do list is a huge motivator that can drive
people to further improve their time management skills and take on new work
opportunities.

57. *Significant of Time
Management
– Become More Efficient
– When you understand how to manage your time effectively, you’ll become
more focused at work which allows you to accomplish more with less time
available. For example, instead of trying to work on a big project when you have
fifteen minutes free before a meeting, you can accomplish a few small tasks in
that time and save the bigger tasks that require more brain power for when you
have a large block of time free.

58. *Techniques of time
management
– Time management—how we choose to use and organize our time—is
something many of us struggle with. Effective time management allows us to
make the most of our day, accomplishing tasks more quickly and prioritizing
those that will make the most impact

59. 1. Pareto Analysis (a.k.a., the 80/20
rule)
– The 80/20 rule is a technique created by the Italian economist Vilfredo Pareto.
It’s the idea that 20% of actions are responsible for 80% of outcomes. The goal
of Pareto analysis is to help you prioritize tasks that are most effective at solving
problems.

60. How it works:
– List some of the problems you are facing. For example, maybe your grades are
slipping.
– Identify the root cause of each problem. Maybe your grades are slipping
because you spend too much time on social media or any other sort
of distraction.
– Assign a score to each problem: Assign higher numbers to more important
problems
– Group problems together by cause: Group together all the problems caused by
spending too much time on social media.

61. – Add up the score of each group: The group with the highest score is the issue
you should work on first.
– Take action.
– Types of people who will benefit from Pareto Analysis:
– Problem solvers
– Analytical thinkers

62. 2. Pomodoro Technique
– The Pomodoro Technique was created by entrepreneur and author Francesco
Cirillo. This technique uses a timer to break down your work into intervals.
Each interval is known as a Pomodoro, named after the tomato-shaped timer
that Cirillo created.

63. How it works:
– Choose a task you need to get done.
– Set a timer (e.g., for 25 mins).
– Focus on the task at hand.
– When the timer rings, put a checkmark on a piece of paper.

64. – Take a short break: Take a break for about three to five minutes. Go for a walk,
grab a cup of coffee, do something non-work-related to give your brain a break.
– Repeat steps two to five: Once you have completed this process four times, you
can begin to take longer breaks (20–30 mins).
– Types of people that will benefit from the Pomodoro Technique:
– Creative thinkers
– Those who feel burnt out from work/school

65. 3. Eisenhower Matrix
– Before Dwight Eisenhower became president in 1953, he served in the U.S.
Army as an Allied Forces Commander during World War II. He was faced with
difficult decisions every day that led him to invent what is now called
the Eisenhower matrix, or the urgent-important matrix.

66. How it works:
Organize your task list into four separate quadrants, sorting
them by important vs. unimportant and urgent vs. not
urgent, as shown in the graphic below.
Types of people
who will benefit
from the
Eisenhower
Matrix:
People in
leadership
positions
Critical thinkers

67. 4. Parkinson’s Law
– British historian Cyril Northcote Parkinson became famous for the phrase “work
expands so as to fill the time available for its completion.” In other words, the
amount of time you give yourself to complete a specific task is the amount of
time it will take you to complete that task.

68. How it works:
– This is not a time management technique per se. It’s a law that, when understood,
can be applied as one of the most beneficial time management methods out
there—but you will have to put in the work. That means working more efficiently in
shorter bursts of time. Here are some time management tips:
– Try working without a computer charger. This will force you to finish a project
before your computer dies.
– Get it done early. Instead of finishing an essay by midnight, try to get it done by
noon.
– Set a deadline. Give yourself a set time to do something—and then cut it in half.
– Limit time for tasks. Give yourself only 20 minutes in the morning to answer emails.

69. 5. Time Blocking Method
– Inventor Elon Musk is known for being productive. He manages his time so
efficiently that he can work over 80 hours a week and still make time for
himself. What’s his secret? Time blocking.

70. – How it works:
– From the moment you wake up, assign each time block in your day to a task. These tasks can be
anything from eating breakfast to studying for a test. Below are the steps Elon Musk uses to block
his time:
– Divide a piece of paper into two columns. On the left, write down each hour of the day and create
blocks of time such as half-hour or hour chunks.
– Estimate the time it’s going to take to complete each of your tasks and fit them into your time
blocks.
– Add buffer times in between each time block to allow for adjustments during the day.
– Types of people this works for:
– Working students or parents
– Analytical thinkers

71. 6. Getting Things Done (GTD)
Method
– Created by author David Allen, this process helps you get things done by
recording tasks on paper and then breaking them down into actionable work
items.

72. How it works
– Capture the actions that have your attention: These actions are tasks that can
relate to anything from work to school to your personal life.
– Clarify what they mean: Decide whether the tasks that have your attention are
actionable or not. If an item is not actionable, ignore it for now. If the item is
actionable, do it, delegate it, or set it aside.
– Organize your actions: Prioritize your to do list according to what you need to get
done when.
– Reflect: Review your list of actions frequently to determine your next priority. Cross
off tasks you have accomplished and update your list.
– Engage: Take the actions or smaller tasks you can complete right now.

73. *Talent Management concept
– Talent management is the attraction, selection, and retention of employees,
which involves a combination of HR processes across the employee life cycle.
It encompasses workforce planning, employee engagement, learning and
development, performance management, recruiting, onboarding, succession
and retention.

74. *Talent Management concept
– Talent Management, as the name itself suggests is managing the ability,
competency and power of employees within an organization. The concept is
not restricted to recruiting the right candidate at the right time but it extends to
exploring the hidden and unusual qualities of your employees and developing
and nurturing them to get the desired results. Hiring the best talent from the
industry may be a big concern for the organizations today but retaining them
and most importantly, transitioning them according to the culture of the
organization and getting the best out of them is a much bigger concern.

75. Strategies
– 1. Detailed job descriptions
– A well-informed, detailed job description helps the source, the sourcing software, and the
candidate understand the job-role better. Generic job descriptions only serve to confuse all parties
involved in the talent acquisition process and lead to a wave of irrelevant applications. Information
that must be a part of the job description includes the following:
– Job title and location
– Overall duties
– Skills required
– Reporting lines
– Tools and equipment used
– Salary and benefits

76. – 2. Person-organization fit
– An employee that does not fit into the organizational culture can neither be the
happiest employee nor the most sustainably productive one. While the culture
can be difficult to define in words, it is prevalent in actions and quite easy to
understand whether a candidate would be a good fit or not. Personal and
organizational values need to have a certain degree of overlap for any employee
to feel at home within the organization.

77. – 3. Collaborate-coach-evolve
– An important strategy to make talent management more effective involves
creating a culture of coaching, mentoring (even reverse mentoring) and
collaboration. Constructive feedback goes a long way when it comes to helping
employees evolve and develop their skills and expertise. Managing talent is thus
also about preparing them for the future of the organization – to be ready for
changes down the path and to be able to rely on each other.

78. – 4. Reward and recognize right
– The process of rewards and recognition forms an important part of the strategy
to motivate, engage and manage employees better. This goes beyond financial
rewards and bonus packages. Studies point towards the fact that employees
often want R&R schemes that motivate them with “prizes” that are most
relevant to them as individuals. This is a great opportunity for organizations to
show their employees how much they care for them as persons and as integral
aspects of the organizational machinery.

79. – 5. Opportunities for continuous improvement
– Managing talent needs to be put in the context of the future that the
organization has envisioned for itself. Thus, employees need to be equipped
with the right tools to be able to maximize their own potential. For the
continuous improvement of the organization, there needs to be the scope and
opportunities for the continuous development of its employees. Moreover, this
ensures that the cumulative skills within the organization is updated, upgraded
and upscaled.

80. *Edupreneur
– An edupreneur, or education entrepreneur, markets their expertise and skills to
public or private schools, colleges and universities or for-profit and nonprofit
organizations, using a learning platform. These professionals are educators who
share their knowledge. They're also entrepreneurs because they sell their
knowledge often through pay-to-access systems.

81. – To be an edupreneur requires an entrepreneurial mindset. This gives them the
motivation to approach improving education as a business. This is important
because entrepreneurs embrace change and challenges as opportunities to
advance their business goals. As edupreneurs, they see education as a business
area where they can address specific challenges such as education accessibility
or helping students meet and exceed learning goals. They often work around a
mission statement that guides how they operate their business and what they
consider success.

82. Key skills for successful
edupreneurs
– Empathy
– Empathy is the ability to understand and share the feelings of others. This is an
important skill that can help you understand the needs of the students, the
goals of other people and organizations with missions similar to yours and your
own motivations for becoming an edupreneur. This skill can also help you sell
your product to interested customers, negotiate with technology companies to
use their services and build relationships with a variety of people. Finally,
empathy can help you negotiate for the goods you need to provide your
services to others.

83. Key skills for successful
edupreneurs
– Investment
– Investment is the ability to devote time, energy or resources toward a specific
outcome that benefits you in the future. It can help you decide what
technologies you need to provide your services, develop lesson plans and
manage your time, energy and effort to help you define student learning goals.
Investment can also help you plan for a future when your services are widely
available and prepare an infrastructure and other systems to help you manage
educational and business projects.

84. Key skills for successful
edupreneurs
– Strategy
– Strategy is an overall plan or protocol that helps you achieve a specific outcome.
Having an edupreneurial strategy can help you in several ways. First, it helps you
define the overall goal of your lessons and organizations. Second, a strategy
defines key goals for measuring the success of and progress toward achieving
your goals. Third, it can help you plan for necessary changes when your
organization and lessons expand, helping you make investments in future
infrastructure and systems. Finally, a strategy can encompass the expectations
you have for working with other education and business professionals on your
project.

85. Key skills for successful
edupreneurs
– Technology
– Technology plays a major role in the success of edupreneurs because most offer
their courses through online systems. Even if your particular plan doesn't use
online systems, you're likely to still use or teach about the ways technology can
help the students learn the lessons you teach. For example, if you teach about
writing, you might make recommendations for grammar-checking programs,
word processors and online sites to find more resources. Learning current
technology can help you provide the most up-to-date systems and provide
recommendations for students interested in technology.