Santos, F. M. (2012). A positive theory of social entrepreneurship. Journal of businessethic,111(3), 335-351

Question 1

As a result of a flawed distinction between economic and social value, what does this propose?

Answer 1

A hollistic approach to value, based on society’s overall utility

Question 2

What are two different priorities organizations can have?

Answer 2

• Focus on value creation (societal benefits)
• Value capture (focus on financial returns)

Question 3

What does this paper suggest regarding balancing value creation and capturing?

Answer 3

Conflicts arise when trying to balance value creation and capture, as seen with Grameen Phone

Success can be achieved with clear focus, like Grameen Danone focusing on social value creation.

Balancing divergent aims — delivering social impact while ensuring financial sustainability — is a common challenge faced by many social enterprises.

Question 4

What is the economical definition of a perfect market?

Answer 4

Self-interest leads to optimal resource allocation and welfare.

Question 5

What does commercial entrepreneurship drive?

Answer 5

Innovation and efficiency

Question 6

How can the current economic system be described?

Answer 6

Market-based capitalism with government services and social sector. Governments regulate and address economic in equalities to some extend.

Question 7

What do social entrepreneurs focus on?

Answer 7

Addressing neglected problems with positive externalities

Question 8

Which people do social entrepreneurs often target?

Answer 8

Disadvantaged populations and localized externalities.