BUSINESS BEYOND PROFIT MOTIVATION Flashcards

1
Q

business that trades for a social and/or environmental purpose. It will have a clear sense of its social mission.

A

Social Enterprise

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2
Q

are individuals with innovative solutions to society’s most pressing social problems.

A

Social Entrepreneur

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3
Q

Normally, the organizations that have sought to address social, cultural, and environmental challenges, have been non-profit organizations that have relied on charitable donations and government grants to fund their activities.

A

Financial freedom

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4
Q

Under traditional funding models through grants and donations, organizations have a hard time growing the size or scope of their services

A

Growth of scope and size of services to the community

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5
Q

Beyond providing entirely financial resources, the social enterprise also gives organizations opportunities to discover noble ways of achieving their mission

A

Business can contribute to the mission

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6
Q

Undertaking social enterprise may also impact how an organization is perceived.

A

Perceptions of the organization by staff and donors

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7
Q

Since a social problem is being tackled with a solution, it is easier to draw the attention of the people and media

A

Marketing and promotion for these organizations

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8
Q

Services in whichever section they may be offered are customized better to go with the needs of the individual or the problem

A

Services can be customized

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9
Q

The solutions offered by these organizations in either products or services are realistic compared to the same services provided by a profit-making organization.

A

Cost-effectiveness is another advantage of a social enterprise

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10
Q

Small social enterprises are often managed by people with a passion for their locality and the issues that surround it

A

Job creation

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11
Q

Not only can social enterprises offer more employment, they can act as campaigners and advocates for employing people from outside the usual suspects

A

Social enterprises have huge potential

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12
Q

There are potentially lots of opportunities in home care, green industries, and manufacturing.

A

Recycling is excellent for creating jobs

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13
Q

Progress can be made by combining the support and nurture of talent with encouraging public and private organizations to consider contracting locally.

A

Find a way to combine a grassroots approach with leveling the playing field

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14
Q

A major part of any local social enterprise strategy must be working with the local further education college.

A

Social enterprises must connect with further education

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15
Q

One group of customers pays for the service.

A

Cross-compensation

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16
Q

Beneficiaries pay directly for the goods or services provided by the social enterprise

A

Fee for service

17
Q

the core purpose is to provide living wages, skills development, and job training to the beneficiaries – the employees

A

Employment and skills training

18
Q

The social enterprise acts as an intermediary, or distributor, to an expanded market.

A

Market intermediary

19
Q

The social enterprise facilitates trade relationships between beneficiaries and new markets.

A

Market connector

20
Q

the social enterprise delivers a product or service to an external market separate from the beneficiary and social impact generated.

A

Independent support

21
Q

A for-profit or non-profit business owned by its members who also use its services, providing virtually any type of goods or services.

A

Cooperative