Austin, Stevenson, Wei-Skillern Social_and_Commercial_Entrepreneurship_Same_Different or Both (2006

Question 1

What is the broad definition of social entrepreneurship according to this paper?

Answer 1

Any innovative activity with social goals across various sectors - for-profit, non-profit and governmental.

Question 2

What is the crucial characteristic of social entrepreneurship under all definitions?

Answer 2

The drive to create social value rather than personal or shareholder wealth

Question 3

What are four theoretical propositions that are proposed to draw comparisons between social and commercial entrepreneurship?

Answer 3

• Market failure
• Mission
• Resource mobilization
• Performance measurement

Question 4

How can the difference between social and commercial entrepreneurship be better understood?

Answer 4

It should be understood as a gradual progression rather than a strict seperation.

Question 5

What are the elements of the PCDO analytical framework for commercial entrepreneurship?

Answer 5

• People
• Context
• Deal
• Opportunity

Question 6

How does the external context (macro-environment etc) affect social entrepreneurs differently?

Answer 6

Social entrepreneurs react differently to these factors due to their unique goal and performance measurement systems.

Question 7

What is the difference between commercial and social entrepreneurship in relation to returns?

Answer 7

Commercial entrepreneurship focuses on economic returns

Social entrepreneurship focuses on social returns

Question 8

What should social entrepreneurs do in regard to planning?

Answer 8

They should resist unplanned growth and assess alignment with the organizations mission and available resources.

Question 9

What should social entrepreneurs do in regard to planning?

Answer 9

They should resist unplanned growth and assess alignment with the organizations mission and available resources.

Question 10

What is the difference in opportunities between social and commercial entrepreneurship?

Answer 10

For social entrepreneurship the opportunities are abundant, but the resources limited

For commercial entrepreneurship the opportunities are scarce, while there are relatively more resources

Question 11

What are common challenges social entrepreneurs face in regard to their people & resources?

Answer 11

Lower compensation for employees, heavy reliance on volunteers and less flexible business models.

Question 12

What are the differences for social entrepreneurs when they seek investment / funding?

Answer 12

Comes from varied sources, generally have fewer channels for unrestricted capital.

Relationship building and trust are often more critical in fundraising success than the actual performance of the organisation.

Question 13

What makes negotiating deals in entrepreneurship complex?

Answer 13

Negotiating deals in social entrepreneurship is complex due to diverse stakeholder objectives.