Brainscape's Knowledge GenomeTM


Top Flashcards (Certified)
All Flashcards

EMIND > Social Entrepreneurship + Global Environment for Entrepreneurship > Flashcards

Social Entrepreneurship + Global Environment for Entrepreneurship Flashcards

1
Q

A process of creating value by combining resources in new ways intended primarily to explore and exploit opportunities to create social value by stimulating social change or meeting social needs.

A

Social Entrepreneurship

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

A process of creating _______ by combining ______ in new ____ intended primarily to explore and exploit opportunities to create ______ by stimulating ______ or meeting _____

A
  • value
  • resources
  • ways
  • social value
  • social change
  • social needs.
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Social entrepreneurship: It is about finding new and _____ to create and sustain _________.

A
  • better ways
  • social value
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Involves the offering of services and products as well as creation of new organizations. May also occur in an established organization or refer to nonprofit organizations & governments in partnership with the private sector

A

Social entrepreneurship

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Social entrepreneurship:
Involves the offering of _____ and _____ as well as creation of new _______. May also occur in an established organization or refer to nonprofit organizations & governments in partnership with the private sector

A
  • services
  • products
  • organizations
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Social entrepreneurs are are ______ — they create large-scale change using pattern breaking ideas.

A

change agents

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

They apply cutting-edge research, combine innovative practices, and involve new technologies (supply sources, distribution outlets, or methods of production) to achieve their goals.

A

social entrepreneur

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Social entrepreneurs: They apply _____, combine ______, and involve new ______ (supply sources, distribution outlets, or methods of production) to achieve their goals.

A
  • cutting-edge research
  • innovative practices
  • technologies
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q
  • They address the root causes of social problems.
  • They possess the ambition to create systemic change by introducing a new idea and persuade others to adopt it.
  • They have a deep knowledge of their social issues area.
A

Social entrepreneurs

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

3 other terms for social entrepreneurs?

A
  • Public entrepreneurs
  • civic entrepreneurs
  • social innovators
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

An enterprise setup or driven by social goals

A

Social enterprise

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

In social enterprise: The _______ is the most important criterion, not wealth creation. Wealth is only a means to an end for social entrepreneurs

A

social mission

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

Social Enterprises are best identified by defining social entrepreneurship activity in a continuum:

A
  • on one end are social enterprises driven exclusively by producing social benefits
  • on the other are social enterprises that are motivated by profitability with social benefits.
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

3 sustainable entrepreneurship

A
  • Ecopreneurship
  • social entrepreneurship
  • corporate social responsibility
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

6 key action stems in the plan to create a sustainable future (ecopreneurship)

A
  • Eliminate the concept of waste
  • Restore accountability
  • Make prices reflect costs
  • Promote diversity
  • Make conservation profitable
  • Insist on accountability of nations
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

Assets Facilitating sustainability in social entrepreneurship

A
  • The Internet
  • social venture (capitalists)
  • social impact (investing)
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

Social entrepreneurship shared values and triple bottom line: (EXAM)
* Companies taking the ______ in bringing business and society back together.
* An approach to creating ________ that also creates value for society by addressing its needs and challenges.
* It connects company success with ________-
* It goes beyond ________ or ________ transforming business thinking.

A
  • lead
  • economic value
  • social progress.
  • social responsibility or sustainability
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

3 bottom line of social entrepreneurship

A
  • economic performance measures
  • environmental performance measures
  • social performance measures
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

Related to the bottom line and income flows

A

economic performance measures

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
20
Q

Related to natural resources and their viabilities

A

environmental performance measures

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
21
Q

Refer to social dimension of an enterprise or region

A

social performance measures

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
22
Q

Entrepreneurs involved with the global marketplace.

A

global entrepreneurs

23
Q

Global entrepreneurs:
* They seize the opportunity to interact with people of different nationalities and _______
* They rise above _______ to see the big picture of global competition without ______ their own nationalities.
* They have a ______ plus working knowledge of other nationalities.

A
  • cultural heritages
  • nationalistic pursuits, abdicating
  • core language
24
Q

_________ is important because today’s consumers can select products, ideas, and services from many nations and cultures.

A

global thinking

25
Engagement in the international markets have been facilitated through: ________ (2)
* a decline in trade barriers, and * emergence of major trading blocs
26
* People who have settled far from their ancestral homelands * The movement, migration, or scattering of a people away from an established or ancestral homeland * Have been a part of the world for thousands of years
diaspora
27
3 powerful advantages of diaspora/diaspora networks
* They speed the flow of information across borders (esp., nowadays through modern ICT). * They create a bond of trust (because of the existing kinships). * They create connections that help entrepreneurs collaborate within a country and across ethnicities.
28
* Administer WTO Trade Agreements: * Ensure rules of international trade are correctly applied and enforced * Handle trade negotiations or trade disputes * Monitor national trade policies * Provide technical assistance and training for developing countries
World Trade Organization
29
When was WTO established?
Jan 1, 1995
30
where was WTO established?
Geneva, Switzerland
31
4 types of exports employed by WTO
* lawyers * economists * statisticians * communication experts
32
* Set in Jan 1, 1994 as an international agreement among Canada, Mexico and the US
NAFTA
33
NAFTA means??
North American Free Trade Agreement
34
* Founded in 1957 as the European Economic Community * In 1992 became a full fledged economic union * An economic and political union of 27 member states * Member states have a combined population of 500M (7.3% of world population) * Bloc GDP is 20% of global GDP
The European Union
35
When was EU founded?
Founded in 1957 as the European Economic Community
36
Which organization has these objectives: * Elimination of custom duties among all member states * Free flow of goods and services among all members * Creation of common trade policies toward all countries outside the EU * Free movement of capital and personnel within the bloc * Encouragement of economic development throughout the bloc * Monetary and fiscal coordination among all members
The European Union
37
Established in 2015 in pursuit of regional economic integration for ASEAN members
ASEAN Economic Community
38
* A market of US$2.6 trillion and over 622 million people * In 2014, collectively the third largest economy in Asia and the seventh largest in the world
ASEAN Economic Community
39
What are these? * A Highly Integrated and Cohesive Economy; * A Competitive, Innovative, and Dynamic ASEAN; * Enhanced Connectivity and Sectoral Cooperation; * A Resilient, Inclusive, People-Oriented, and People-Centred ASEAN; and * A Global ASEAN.
AEC Blueprint 2025
40
Venturing abroad/Opportunities for entrepreneurs: * abundant raw materials and capital; _______ * growth through market _____ * lower wages and cost of materials * most ________ markets * cyclical or seasonal ______ * Peculiar _____ technology * learning about products not sold _______ * learning about other _____ * traveling for _____or pleasure
* idle capacity * expansion * profitable * slumps * manufacturing * domestically * cultures * business
41
Competitive advantage of Nations (venturing abroad)
* resource-rich countries (natural resources) * labour-rich countries (manpower) * market-rich countries (purchasing power)
42
Characteristics of successful global startups: * Global vision from _____ * Internationally experienced ______ * Strong _______ network * Preemptive ______ or _________ * A unique _______ * A ____ product or service * Tight _______ worldwide
* inception * management * international business * technology or marketing * intangible asset * linked * organisational coordination
43
5 ways of going international (**EXAM**)
* importing * exporting * international alliances & joint ventures * direct foreign investment * licensing
44
Buying and shipping foreign produced goods for domestic consumption
importing
45
2 things to do to be aware of importation opportunities
* attend trade shows and fairs where firms gather to display their products and services * monitor trade publications
46
The shipping of a domestically produced good to a foreign destination for consumption
exporting
47
Exporting: * Exporting increases ______-. * Firms eventually become efficient in the production due to the expanded market which translates to_______ * Note that it will normally take __ to __ years to become profitable in exportation * It will take time to learn the intricacies and efficiencies of ______
* market potential * lower costs. * 3 to 5 * international business
48
Pros of Joint venture: * Gaining _____ of local conditions and government where facility is located. * Sharing resources mean _____ for weaknesses of each firm. * _____ and ____is shared. * ______ of a domestic firm with a foreign firm.
* intimate knowledge * compensating * Capital outlay and risk * Strategic fit
49
Cons of Joint venture: * The problem of _______ * Clash of corporate ____ and ____ styles * Inconsistent _____ due to unclear roles can lead to mismanagement of _____
* fragmented control * cultures, management * tactical execution, resources
50
a domestically controlled foreign production facility
Direct Foreign Investment
51
A business arrangement where a business (licenser) provides patents, trademarks, manufacturing expertise, or technical services to a foreign business (licensee).
Licensing
52
In licensing, the _____ (and not the entrepreneur licenser) will be responsible for the capital outlay, daily production, marketing, technical, or management requirements.
licensee
53
Licensing is a more viable option for those with limited ______ or those with unique or ____ products or processes.
* financial resources * proprietary
54
(**EXAM**) 7 ways of researching foreign markets
* potential customers * government regulation * political climate * Infrastructure * distribution channels * competition * market size

EMIND (6 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2025 Bold Learning Solutions. Terms and Conditions