Chapter 3: Social Entrepreneurship

Question 1

What are the two dimensions of social entrepreneurship?

Answer 1

1. Social Innovation
   Addressing social needs, implementing innovative approaches, and collaborating with stakeholders.
2. Social Value Creation
   Creating value for society through solutions. Examples include microfinancing and crowdfunding.

Question 2

What are the 5 elements of social innovation?

Answer 2

1. Social need
2. Innovative element
3. Implementation
4. Improvements
5. Relationships and collaborations

Question 3

What are the 3 types of social entrepreneurship?

Answer 3

1. For-profit social ventures
   Organizations that generate revenue while focusing on positive social or environmental impact. Profit.
2. Enterprising Nonprofits
   Nonprofits using market-based approaches for revenue generation to support their social mission
3. Hybrid Social Ventures
   Combine revenue generation with philanthropy to deliver social value (TOMS shoes). Half profit / Half non profit