(M) Chapter 4: Social Entrepreneurship (lecture-based) Flashcards
the economy of a certain country is primarily affected by the activity of private organizations/businesses
capitalism
opposite of communism
capitalism
it is a group of people that are wealthy and well-connected; the selling price of a service can become unreasonable because they dominate the market
monopolies
a certain org or company becomes big, they are able to influence government decision and policies; becomes beneficial to the org and not the country; creates an unfair distribution of resources
oligarchies
Are these effects of Capitalism, positive or negative?
- Large businesses and corporations, rapid growth of different industries (Industrial revolution)
- Competition, R&D, technological advancement; improved products, services and alternatives
- Higher quality of life
Positive effects
Are these effects of Capitalism, positive or negative?
- Monopolies, Oligarchies
- Environmental costs and social issues
Negative
Primary objective of capitalism
Higher Revenues and Profits!
Social Entrepreneurship is process of creating ____ by combining resources in new ways intended primarily to explore and exploit opportunities to create ______ by stimulating social change or meeting social needs.
value
social value
It is about finding new and better ways to create and sustain social value.
social entrepreneurship
Involves the offering of services and products as well as creation of new organizations. May also occur in an established organization or refer to non- profit organizations & governments in
partnership with the private sector.
social entrepreneurship
vital to the progress of societies as entrepreneurship is vital to the progress of economies.
social entrepreneurship
They are _____ - they create large-scale change using pattern breaking ideas
change agents (social entrepreneurs)
Social entrepreneurs are AKA
Public entrepreneurs
Civic entrepreneurs
Social innovators
They apply ____, combine ____, and involve ____.
A. new technologies
B. cutting-edge research
C. innovative practices
D. deep knowledge
B C A
Social Entrepreneurs address the ____ of social problems.
root causes
They possess the ____ to create systemic change by introducing a new idea and persuade others to adopt it.
ambition
T or F. Civic entrepreneurs have a deep knowledge of their social issues area
T
An enterprise setup or driven by social goals.
Social enterprises
T or F. Social goals may not exist in organizations which are not technically social enterprises.
F (may exist)
The _______ is the most important criterion, not wealth creation.____ is only a means to an end for social entrepreneurs.
A. Wealth
B. Continuum
C. Social goals
D. Social mission
D A
social enterprises driven exclusively by producing?
social benefits
Social enterprises that are motivated by?
profitability with social benefits
Environmental Entrepreneurship and Green capitalism is under what sustainable entrepreneurship?
Ecopreneurship
3 Sustainable Entrepreneurship
- Ecopreneurship
- Social entrepreneurship
- Corporate social responsibility
