Paper 4 Socially Oierented BMC

Question 1

What 2 blocks are added?

Answer 1

• The social and environmental cost of a business model

- The social and environmental benefits of a business model

Question 2

Three challenges and one paradox for social enterprises

Answer 2

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

The mission measurement paradox

Question 3

The strategy challenge

Answer 3

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

Question 4

The legitimacy challenge

Answer 4

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

Question 5

The governance challenge

Answer 5

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

Question 6

The mission measurement paradox

Answer 6

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

Question 7

Mission drift

Answer 7

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