Corporate Social Responsibility
This acronym means businesses are responsible not only for profits, but also for people and the planet.
What is CSR?
This business type is owned by one person and is the easiest to start.
What is a sole proprietorship?
This entrepreneur founded Tesla and SpaceX.
Who is Elon Musk?
What is starting and running a business?
This section of a business plan explains how the company will make money.
The “bottom line” of CSR includes profit, people, and this third factor that also starts with the letter 'p'.
What is the planet?
This business type offers limited liability protection and flexible management.
What is an LLC?
This entrepreneur built a beauty brand that later expanded into fashion.
Who is Rihanna?
This is a new idea or improvement that creates value.
What is innovation?
This section describes who the business is selling to.
What is the customer analysis?
Patagonia using recycled materials and encouraging product repair shows this type of CSR.
What is environmental responsibility?
A business owned by shareholders and run by a board of directors is a _____.
What is a corporation?
Mark Cuban is best known for owning the Dallas Mavericks and appearing on this TV show.
What is Shark Tank?
A student identifies a need for affordable tutoring and starts a service. This shows _____.
What is opportunity?
The executive summary appears where in a business plan?
What is the first section or beginning?
Paying fair wages and providing safe working conditions demonstrates this CSR focus.
What is ethical responsibility?
Two friends open a bakery and share profits and losses. This is a _____.
What is a partnership?
Oprah Winfrey is an example of an entrepreneur who built success through this strategy.
What is personal branding?
Writing goals, planning finances, and managing risks are part of this entrepreneurial skill.
What is planning?
Schedule of promotions or activities to generate customer interest falls into this category.
What is marketing plan?
Why might a company focus on stakeholders instead of only shareholders?
What is to create long-term success by balancing the needs of employees, customers, communities, and investors?
Why might a small business owner choose a corporation rather than a partnership?
What is to limit personal liability and raise capital more easily?
What qualities do successful entrepreneurs like Oprah Winfrey and Mark Cuban have in common?
What is persistence, innovation, and leadership?
Three main reasons entrepreneurship is important to the economy.
What is it creates jobs, drives innovation, and supports economic growth?
How does including CSR goals in a business plan benefit a new business?
What is it attracts investors, builds trust, and supports long-term sustainability?