Week 2 Flashcards
The business model canvas is the only tool for developing a business model.
TRUE/FALSE
FALSE
Which of the following elements represent cells in the traditional business model canvas?
* Partner Network
* Social impact
* Key Activities
* Key Resources
* Competitors
* Cost Structures Offer(s)
- Partner Network
- Key Activities
- Key Resources
- Cost Structures Offer(s)
- Customer Relationships
- Dist Channels Customers
- Revenues / Revenue Streams
The left side of the business model canvas is about resources or inputs needed to provide your offer.
TRUE/FALSE
TRUE
In a traditional business model canvas, you should explain how you generate revenues.
TRUE/FALSE
TRUE
The REVENUES are central to the business model canvas (and also presented in its middle)
TRUE/FALSE
FALSE
A social entrepreneurial business models offer can be split between a traditional offer and a social offer.
TRUE/FALSE
TRUE
Social entrepreneurial business models can have clients and beneficiaries who are the same people.
TRUE/FALSE
TRUE
A traditional for-profit business model should make a distinction between clients and beneficiaries.
TRUE/FALSE
FALSE
Social entrepreneurs need donations to finance their business model.
TRUE/FALSE
FALSE
Financing for social entrepreneurial organizations can stem from…
* Donation
* Revenues
* All of the above
* None of the above
- Donations
- Revenues
In a hybrid financing model, revenues will always equal cost.
TRUE/FALSE
FALSE
In a hybrid financing model, revenues will not completely replace donations, but will complement the financing from the left side of the business model canvas.
TRUE/FALSE
TRUE
Social entrepreneurial organizations and traditional for-profit companies have exactly the same items in their financial statements.
TRUE/FALSE
FALSE (Because social entrepreneurial organizations might have donations while for-profit companies might not)
Social entrepreneurs often underestimate labor costs because a lot of work is performed by volunteers.
TRUE/FALSE
TRUE
The linear economy is based on the following three steps: Make, Use, Dispose.
TRUE/FALSE
TRUE
The circular economy is based on the following three steps: Make, Recycle, Dispose.
TRUE/FALSE
FALSE
Turning perceived weaknesses into strengths is a principle that applies to social inclusion.
TRUE/FALSE
TRUE
The founders dilemma describes the phenomenon that most social entrepreneurs leave their organization quickly.
TRUE/FALSE
FALSE
In the eyes of investors and other stakeholders, the founder of a social enterprise is often seen as being equivalent to the organization.
TRUE/FALSE
TRUE
The founders dilemma applies to both traditional for-profit entrepreneurs and social entrepreneurs.
TRUE/FALSE
TRUE
Which of the following statements describes the phenomenon of “strategy follows money”?
*Social entrepreneurs strategies are implicitly or explicitly changed to satisfy funders.
Social entrepreneurs strategies are implicitly or explicitly changed to satisfy funders.
The phenomenon of “strategy follows money” applies to the following entrepreneurs:
- Social entrepreneurs only
- Social entrepreneurs and traditional entrepreneurs
- Traditional for-profit entrepreneurs only
- Social entrepreneurs and traditional entrepreneurs
“Strategy follows money” is a frequent trap for social entrepreneurs whereby strategic decisions are made based on perceived funding opportunities for products and services, rather than the social mission.
TRUE/FALSE
TRUE
Turning perceived weaknesses into strengths is a principle that applies to social inclusion.
TRUE/FALSE
TRUE
The business model canvas includes the following elements:
- Revenues
- Dangers
- Key activities
- Threats
- Competitors
- Revenues
- Key activities
Can social entrepreneurial business models have differences between clients and beneficiaries?
YES/NO
YES
