Module 3

Question 1

a person who pursues novel applications that have the potential to solve community-based problems

Answer 1

social entrepreneur

Question 2

these individuals are willing to take on the risk and effort to create positive changes in society through their initiatives

Answer 2

social entrepreneur

Question 3

facilitates success of social entrepreneurs

Answer 3

widespread use of ethical practices (impact investing, conscious consumerism, corporate social responsibility programs)

Question 4

A social entrepreneur is interested in starting a business for _______ and not just the pursuit of profits.

Answer 4

greater social good

Question 5

Social entrepreneurs may seek to produce ________ products, serve an underserved community, or focus on ______ activities.

Answer 5

environmentally-friendly, philanthropic

Question 6

Social entrepreneurship is a
growing trend alongside ______ and _______.

Answer 6

Socially Responsible Investing (SRI), Environmental, Social, and Governance Investing (ESG)

Question 7

What does SRI stand for?

Answer 7

Socially Responsible Investing

Question 8

What does ESG stand for?

Answer 8

Environmental, Social, and Governance Investing

Question 9

“It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own self-interest.”

Where was this explained?

Answer 9

The Wealth of Nations (1776) by Adam Smith

Question 10

believed that when individuals pursued their own best interests, they would be guided toward decisions that benefited others

Answer 10

Adam Smith

Question 11

Examples of Social Entrepreneurship

Answer 11

microfinance institutions, educational programs, banking services in underserved areas, helping children orphaned by epidemic disease

Question 12

main goal of a social entrepreneur

Answer 12

implement widespread improvements in society

Question 13

A social entrepreneur must still be _____ to succeed in his or her cause.

Answer 13

financially savy

Question 14

How does social entrepreneurs take action?

Answer 14

introduction of freshwater services, combined with technology assets

Question 15

a way to connect you to your life’s purpose, help others find theirs, and make a difference in the world, all while making out a living

Answer 15

Social Entrepreneurship

Question 16

Who stated the mindset of experienced (“habitual”) entrepreneurs?

Answer 16

McGrath & MacMillan (2000)

Question 17

Mindset of Experienced (“habitual”) Entrepreneurs

Answer 17

1. seek new opportunities
2. pursue opportunities with enormous discipline
3. pursue only the very best opportunities and avoid exhausting themselves and their organizations by chasing after every option
4. focus on execution specifically adaptive execution
5. engage the energies of everyone in their domain

Question 18

Social Entrepreneurs have strong _____ and _____ for marginalized people or creatures to pursue ______.

Answer 18

ethics, empathy, sustainability

Question 19

Social Entrepreneurs understand social problems are _____ and _____.

Answer 19

complex, chaos

Question 20

Social Entrepreneurs have an obsession to find an _____ to solve a _____.

Answer 20

auxiliary line, systemic problem

Question 21

Social Entrepreneurs apply _____ and utilize a ____ to tackle the systemic problem.

Answer 21

systems thinking, market force

Question 22

Social Entrepreneurs build relationship with _____ to create an _____ or _____.

Answer 22

multi-stakeholders, ecosystem, collective impact

Question 23

Social Entrepreneurs pursue the triple bottom line which are the

Answer 23

social value, environmental value, economic value

Question 24

Social Entrepreneurs strive to achieve _____.

Answer 24

systemic change