Paper 4 Socially Oierented BMC Flashcards

1
Q

What 2 blocks are added?

A
  • The social and environmental cost of a business model

- The social and environmental benefits of a business model

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2
Q

Three challenges and one paradox for social enterprises

A
  1. The strategy challenge
  2. The legitimacy challenge
  3. The governance challenge

The mission measurement paradox

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3
Q

The strategy challenge

A

This challenge addresses the integration and balance of public and private value. Social and economic goals are both important for SE’s

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4
Q

The legitimacy challenge

A

SE’s need to be perceived as trustworthy and accountable.

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5
Q

The governance challenge

A

Governance defines systems and processes concerned with direction, control and accountability. It determines for what and whom an organization is accountable.

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6
Q

The mission measurement paradox

A

This paradox refers to the disconnect between mission, objectives, and impact measurement .
Mission drift

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7
Q

Mission drift

A

Deviate from the normative mission and to be more inclined to ‘follow the money’ by prioritizing a strategy aimed at maximizing resources.

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