LESSON 7

Question 1

The definition of ___ up to the present day has no clear agreement yet and with much debate but according to some authors and noted business advocates it may be defined simply as way of creating business that emphasizes a greater care for the people and natural resources employed. (Nichols and Thompson 2008)

Answer 1

Social Entrepreneurship

Question 2

is a cause-driven business whose primary reason is to improve socio-economic objectives in the promotion of public welfare. (Seth Godin, What is a ___)

Answer 2

Social Enterprise

Question 3

Is a person who pursues novel applications that have the potential to solve community-based problems. These individuals are willing to take on the risk and effort to create positive changes in society through their initiatives. May believe that this practice is a way to connect you to your life’s purpose, help others find theirs, and make a difference in the world (all while eking out a living). (Adam Hayes)

Answer 3

Social Entrepreneur

Question 4

IMPORTANCE OF SOCIAL ENTREPRENEURSHIP

Answer 4

➤ He/she will be an inspirational source of impact
➤ He/she will respond to customers’ needs
➤To manage Relationships beyond economic purpose
➤ A more responsive business to create economic and social value
➤ A social mission to make the world a better place

Question 5

The main goal of a ___ is not to earn a profit. Rather, a ___ seeks to implement widespread improvements in society. However, a___must still be financially savvy to succeed in his or her cause.

Answer 5

social entrepreneur

Question 6

A rule of thumb is a ___or social business is has specific social objectives that serve its primary purpose. ___ seek to maximize profits while maximizing benefits to society and the environment. Their profits are principally used to fund social programs.

Answer 6

social enterprise

Question 7

The Process of Social Entrepreneurship

Answer 7

1. Find an opportunity
2. Develop a business concept
3. Figure out what success means and how to measure it
4. Acquire the right resources
5. Launch and grow
6. Attain goals

Question 8

QUALITIES NEEDED TO SUCCEED IN A SOCIAL ENTREPRENEURIAL ENVIRONMENT

Answer 8

Adaptability
Positivity
Resourcefulness
Team Player
Effective and competent
Willingness to learn

Question 9

Able to adjust in any form of social environment, regardless of culture, race and traditions.

Answer 9

Adaptability

Question 10

Being optimistic even in dire situations are one of the keys to succeed not just in social-entrepreneurship but in life in general.

Answer 10

Positivity

Question 11

Most of the time we are left with minimal resources (ie. funds and materials) to create income generating projects, we should be resourceful in maximizing what we have to obtain greater results.

Answer 11

Resourcefulness

Question 12

A social entrepreneur should be a good __able to fit in with any group and realize his/her role in that organization for level and systematic operations able to go with the flow.

Answer 12

Team Player

Question 13

Possess the required knowledge and competency to produce prodigious results that are significant in attaining growth and development at the shortest time.

Answer 13

Effective and competent

Question 14

A social entrepreneur must be open to all sorts of comments, always aspiring to improve his/her craft

Answer 14

Willingness to learn

Question 15

• Presents greater opportunities to the community
• Gives trainings to improve the quality standards of income generating projects and livelihood
• Provides variety and versatility to already existing programs and income generating projects
• Address specific issues on malfunctioning livelihood programs and policy models.
• Innovation through research

Answer 15

Social entrepreneurship

Question 16

Core is solely based on a framework for businesses to find their own success in the pursuit of helping others.
Is not for profit alone but it always carries with the intent to help the community and provide opportunities in alleviating a person’s way of life.
It is always patterned on the view of the Government’s goal in promoting a balanced, healthy, and developed community in the hopes that it would minimize poverty in a certain community, thru private investors engaging in business, providing jobs, infrastructures, accessible roads, and markets of goods and services to the common people.

Answer 16

Social entrepreneurship

Question 17

Capital Town’s OTOP product is “Bagoong” as per Ordinance No.6, s-2012 of the Sangguniang Panlalalwigan of Pangasinan;

Answer 17

• Lingayen

Question 18

milkfish, the popularly known “Bangus”;

Answer 18

• Dagupan City

Question 19

are known for their dried salted fish:

Answer 19

• Sual and San Fabian

Question 20

Towns are where hundreds of hectares of salt farm are located;

Answer 20

• Dasol and Infanta

Question 21

is famous for its white gold, sweet, and bite-sized “puto.”

Answer 21

• Calasiao

Question 22

is fastly known by food enthusiasts because of its “buro,” the fermented rice –and fish mix.

Answer 22

• Bayambang

Question 23

for their jugs of vinegar that are found on stalls along the highways;

Answer 23

• Binalonan and Bugallon

Question 24

is acknowledged for its bamboo craft and its luscious mangoes;

Answer 24

• San Carlos City

Question 25

is recognized as the place to go to when one craves tasty “tapa”.

Answer 25

• Mangaldan

Question 26

is known for its molasses sugar;

Answer 26

• Mapandan

Question 27

residents make bags and another décor from cornhusks after adopting corn as its OTOP;

Answer 27

• Sto. Tomas

Question 28

chose to develop ”duhat” (native blackberry) wine instead of improving on its nipa vinegar;

Answer 28

• Bugallon

Question 29

Recently adopted squash as its favored product after its training center developed different recipes from the vegetables.

Answer 29

• Urdaneta City

Question 30

takes pride in its tourism prospects because of the Hundred Islands National Park; and

Answer 30

• Alaminos City

Question 31

is cashing in on its goat trade.

Answer 31

• Balungao