Academic Paper 4

Question 1

What is a SEMC?

Answer 1

(Social Enterprise Model Canvas)
An updated BMC for social entrepreneurs and organisation for understanding or designing the structure of the organisation to pursue social goals.

Question 2

What does Mission drift mean?

Answer 2

Diversion from the main purpose(Social Goal); Usually towards profit in social enterprises.

Question 3

What does SSBM mean?

Answer 3

(Strong Sustainable Business Model)
The Business model that
- takes into account the socially responsive understanding of the value,
- considers the process of value creation,
- destruction among actors in businesses and,
- considers value networks as social systems.

Question 4

What is the special advantage of SSBM?

Answer 4

It makes the firm identify its own value in form of a ‘tri-profit’ model including money, economic, social and environmental dimensions.

Question 5

What is the main limitation of the BMC?

Answer 5

It doesn’t capture changes in strategy or the evolution of the model.

Question 6

What is the advantage of SEMC which enhances the BMC?

Answer 6

The addition of blocks for the treatment of social and environmental costs and benefits as externalities; also for-profit organisations (I.e economic growth, job creation and poverty reduction)

Question 7

What are the three challenges and one paradox for social enterprises?

Answer 7

• The strategy challenge. (Need for integration and balance in public and private value)
• The Legitimacy challenge. (The challenge posed by the co-existence of social and commercial values, especially when SE’s are considered as institutions in the need of legitimacy.)
• The mission measurement paradox. (The disconnect between mission, objectives and impact measurement.)
• The Governance challenge. (The challenge which comes up with governing the firm and formulating strategies when met with the above-mentioned problems)

Question 8

What are the three challenges and one paradox for social enterprises?

Answer 8

• The strategy challenge. (Need for integration and balance in public and private value)
• The Legitimacy challenge. (The challenge posed by the co-existence of social and commercial values, especially when SE’s are considered as institutions in the need of legitimacy.)
• The mission measurement paradox. (The disconnect between mission, objectives and impact measurement.)
• The Governance challenge. (The challenge which comes up with governing the firm and formulating strategies when met with the above-mentioned problems)

Question 9

What is the principle of the SEMC?

Answer 9

The analysis of the rationale, infrastructure, capabilities and use of resources that enable stakeholders to create value for themselves and for the organisation.

Question 10

Why does the author mention Social Enterprises as hybrid organisations?

Answer 10

The author mentions the social enterprises as hybrid organisations because they focus on finding ways to implement to economically-sustainable models. As for-profit organisations, they try to focus on solving social issues.

Question 11

What are the 3 limitations of the BMC mentioned in the article?

Answer 11

The BMC is characterized as ‘static’
because it does not capture changes in strategy or the evolution of the model.
It only focuses on the organisations and their consequent conceptual isolation from their environment, whether this is related to the industry structure or to stakeholders such as society and the natural environment. It is also considered insufficient to analyze the strategic choices of organizations that
‘internalize’ social and environmental benefits and consequences.