Social Entrepreneurship
This term refers to creating a business to solve social or environmental problems.
What is social entrepreneurship?
This type of investing focuses on generating positive social or environmental returns alongside financial gains.
What is impact investing?
This describes a clear statement of the present purpose of a social enterprise.
What is a mission?
This quality refers to a product or solution being both useful and practical for the intended purpose.
What is utility/funtion?
This term refers to designing products or services with the user’s needs at the forefront of the development process.
What is user-centricity?
This is social entrepreneurship's primary goal, balancing impact and profits.
What is sustainability?
This refers to making purchasing decisions based on ethical, social, and environmental considerations.
What is conscious consumerism?
This is the basic version of a product, created to test its market viability with minimal resources.
What is a minimal viable product (MVP)?
This term refers to a process that protects intellectual property through patents, trademarks, and copyrights.
What is legal protection?
This refers to making products and services that are new, unique, and different from existing options.
What is novelty?
This type of social enterprise typically operates without aiming for profit, instead reinvesting any income into its mission.
What is nonprofit?
This business practice ensures a company operates in ways that benefit society and the environment.
What is CSR- Corporate Social Responsibility?
This refers to a social enterprise's long-term aspirations and the change it hopes to achieve.
What is vision?
This is the ability to adjust and change when facing challenges or market shifts.
What is adaptability?
This is the term for taking risks and trying new approaches to see if they succeed or fail.
What is risk-taking/experimenting?
This type of social entrepreneurship focuses on changing entire industries or systems to create a widespread impact.
What is transformational social?
This refers to the process of designing, testing, and scaling a social enterprise using a framework.
What are the 6 Ps of launching an idea?
This refers to the process of creating a new idea, product, or process that is unique and can be patented.
What is invention?
This is the capacity for a social enterprise to grow and reach a broader audience while maintaining impact.
What is scalability?
This is the market readiness and understanding that social entrepreneurs must have to ensure their solutions meet actual demand.
What is market awareness?
This refers to social entrepreneurship that operates across borders, addressing global social or environmental challenges.
What is global social?
This term refers to the process of gathering information from users to refine products and services.
What is the feedback loop?
This involves improving upon existing ideas or solutions to create new value, rather than inventing something completely new.
What is innovation?
This term refers to the ability to maintain financial, social, and environmental viability over time.
This refers to evaluating the actual need for a product or service in the marketplace.
What is demand?