Green Entrepreneurship Flashcards
The capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit
Entrepreneurship
the activity of consciously addressing environmental and/or social problem/need through the realization of entrepreneurial ideas with a high level of risk, which has a net positive
effect on the natural environment and at the same time is financially
sustainable
Green Entrepreneurship
someone who starts and runs an entrepreneurial venture that is designed to be green in its products and processes from the very moment it is set up
Green Entrepreneur
What are the Resemblances of Green Entrepeneurship and Entrepreneurship?
*Both have business goals, business plans, etc.
*Both are looking for profit
True or False
The green entrepreneurs have environmental and social goals into their core business, these goals are the reason their business exists, not just a side effect
True
Ture or False
Education of the consumer not towards the specifics of the green products/services
False
True or False
Environmental values are part of the company values
True
True or False
Green entrepreneurship can be (always) associated with higher costs
False
True or False
Financial profit is a goal insofar as it helps sustain the business so that it can go on fulfilling its social goals and bringing benefits to the environment
False
is the use of the techniques by start up
companies and other entrepreneurs to develop, fund and implement solutions to social, cultural, or environmental issues
Social Entrepreneurship
What are Resemblance of Green Entrepreneurship and Social Entreprenuership?
-both are talking about solving environmental AND social problems
-both are very new domains and definitions are still being debated.
It is the process of starting and growing a for profit business to impact social issues positively
Social Entrepreneurship
recognizing the social problems and achieving a social change by employing entrepreneurial
principles, processes and operations
Social Entrepreneurship
The person who coined the term “social entrepreneur,”
Bill Drayton
However, social entrepreneurs often measure their success based on a triple bottom line:
social, environmental, and economical.
The business’s ability to create positive change, and its impact on
social issues.
Social
Social enterprises need to turn a profit to continue to operate and
grow.
Econimic
The business’s environmental impact and carbon footprint.
Environmental
Whos said this quote “The life purpose of the true social entrepreneur is to change the world.”
Bill Dryaton
According to the______ Foundation for Social Entrepreneurship,
social entrepreneurs share several characteristics.
Schwab
What are the social entrepreneurs share several characteristics:
Achieve large scale social change.
*Focus on the social or ecological change they want to make while earning
money to support the change.
*Innovate when looking for a solution to a social problem.
*Use feedback to adapt and refine.
What are The Process of Social Entrepreneurship?
- Find an opportunity
- Develop a business concept
- Figure out what success means and how to measure it
- Acquire the right resources
- Launch and grow
- Attain goals
What challenge do you badly want to solve?
-Reduce poverty and Social exclusion
-Achieve universal primary education
-Promote gender equality and empoer women
-Reduce child mortality
-Improve maternity health
-Combat HIV/AIDS and tuberculosis
- Ensure environmental sustainability
-Partnership for development
is an outline of how a company plans to make money
with its product and customer base in a specific market. At its core, a
Business Model
Business model explains four things:
What product or service a company will sell
*How it intends to market that product or service
*What kind of expenses it will face
*How it expects to turn a profit
Most common types of business models
- Subscription model
- Bundling model
- Freemium model
- Product to service model
- Leasing model
- Crowdsourcing model
- Retailer model
- One
for one model - Franchise model
- Distribution model
Social enterprise model
Impact
Opportunity
Market
Model
Why does social entrepreneurship matter?
Provides Employment development, Innovation/New Goods and Services, and Equity Promotion
How does for-profit measure the success?
measure performance using business
metrics like profit, revenues and increases in stock prices
How does Social Entrepreneurship measure the success?
non profits, or they blend for profit
goals with generating a positive “return to society”
What are main Challenges, opportunities, trends and risks of social entrepreneurship?
Main challenge at present
Main trends at present
Main Opportunities
Main Risk at presents
Main challenges at presents:
Money
Competition
Demonstrating effectivenes
Technology
Trust
Human Resources
Public-sector relations
Main Trends at present:
Explosive growth
Attention to market and management movements
Commercial ventures
Development of umbrella universal organizations and formal education
Effectiveness in competing economically and politically
Main Opportunities at presents:
Demographic shifts
New philantropy
Heightened awareness of sector
Incresed social welfare spendinf through sector ( entitlement expansion, welfare reform)
Main risk at presents:
Identitiy loss, “mission creep”
Industry loss
Pressure on managers for results
Loss of public trust
What are the Social Entrepreneurship Examples?
TOMS
Grameen bank
Badala.org
Who is the founder of grameen bank?
Muhammad Yunus
Whos is the founder of Badala.org?
Joelle McNamara
TOMS company is a
Shoes
“one for one to shoes”
TOMS
What products TOMS expanded?
eye wear, coffee, and tote bag
provides micro loans to those in need to help them develop financial self sufficiency
Grameen Bank
e-commerce site that creates jobs for African women by selling the products they make
Badala.org
What are the product range of Badala.org?
Jewerly to wooden kitchen utensils
