9.6 Social business and creating shared value

Question 1

Social businesses, formed with the strategic drive for social change, are often known as “n__ - p_____” organisations.

Answer 1

non-profit

Question 2

Nobel Peace Prize Laureate Muhammad Yunus is credited as defining a social business as:

“a non-d______ business created to address and s____ a social p_______”

Answer 2

dividend
solve
problem

Question 3

In 2005 the government introduced a new legal structure for companies with a social mission at their core. What are these legal entities called?

Answer 3

Community Interest Companies (CIC)

Question 4

“ClearlySo set out 4 types of organisation, ranked from most to least charitable:

• C_______
• S______ E_______
• Social B________
  For-p_____- company

Answer 4

Charity
Social Enterprise
Social Business
For-profit