(Seelos, C., & Mair, J. (2005). Social entrepreneurship- Creating new business models to serve the poor. Business horizons, 48(3), 241-246)

Question 1

How is sustained development (SD) defined?

Answer 1

A development that meets the needs of the present without compromising future generations’ ability to meet their own needs

Question 2

What is the difference between industrialized countries and non-industrialized countries, in terms of willingness to pay and meeting basic needs?

Answer 2

In industrialized countries, people are often unwilling to pay for certain services they want

In non-industrialized countries, many basic needs remain unet due to lack of ability to pay

Question 3

In what ways do basic needs such as health and education often fail the poor?

Answer 3

Access, quality and affordability

Question 4

What is the case about the Institute for OneWorld Health (USA) about?

Answer 4

The aim to deliver medicines to those most in need in developing countries

Question 5

What is the case of Sekem (Egypt) about?

Answer 5

Multi-business firm creating economic, social and cultural value. Pioneers biodynamic agriculture and funds social institutions like schools and medical centers.

Question 6

What is the case of the Grameen Bank (Bangladesh) about?

Answer 6

Grameen Bank supplies credit to the poor who do not qualify for established banks. The bank has been profitable since its inception and has inspired a global micro-credit movement.

Question 7

What is the mission of social entrepreneurship? Contrary to the economic mission of traditional entrepreneurship?

Answer 7

SE is driven by a primarily social mission

Question 8

How does economic value creation in SE work?

Answer 8

It is often a by-product that allows the organization to achieve sustainability

Question 9

What does SE often address ?

Answer 9

Underlying sustainable development goals (SDGs)