3.1
What is Social Entrepreneurship?
This is the process of finding solutions to social and environmental problems.
What is a Wicked Problem?
This term describes large, complex social problems like climate change that have no simple solutions.
True or False: Impact investing is only suitable for nonprofit organizations and does not involve investments in for-profit social enterprises.
False — Impact investing frequently funds both nonprofit and for-profit social ventures with earned-revenue models.
Which stakeholder attribute refers to reconginzed and appropriate involvement in an organization?
What is legitimacy?
What company is an example of social impact?
TOMS Shoes, because they give shoes to people in need when someone buys a pair.
What is a Social Venture?
This is the specific business created to carry out a social entrepreneur's mission.
What are the UN Sustainable Development Goals (SDGs)?
This global framework provides 17 goals for tackling the world's biggest challenges.
True or False: Social ventures are typically financially self-sufficient from the start.
False
Which stakeholders are likely to use their power and urgency aggressively to influence an organization?
What is Dangerous stakeholder?
What does SROI stand for?
Social Return on Investment
What is Social Innovation?
This term describes a new, more effective solution that benefits society as a whole.
What is Impossible Foods?
This company tackles a wicked problem by creating plant-based meat to fight climate change.
What is Lime?
This company is known for its electric scooters and bikes that reduce pollution and make short trips easier.
Which stakeholder is urgent but does not have any power nor legitimacy to enforce thief claims?
What is Demanding stakeholders?
What is the purpose of a Theory of Change?
A Theory of Change helps plan how a business’s actions will lead to the results it wants. It shows what problem is being solved, who is being helped, and how success will be measured.
What is Social Value?
This measures the benefit created for people and the planet, beyond just money.
What is 4ocean?
The organization that works to clean plastic from the ocean by selling bracelets.
What is an enterprising nonprofit?What are B Corps?
This type of nonprofit acts more like a business by earning money from selling goods or services instead of just relying on donations.
A stakeholder group possesses all three attributes: power, legitimacy, and urgency. What is the priority level in managing this group?
What is High priority?
How does TOMS Shoes show real-life social impact?
TOMS gives a pair of shoes to someone in need for every pair sold and also supports water, education, and jobs — showing how a business can mix profit with helping others.
What is the Triple Bottom Line?
This framework of "People, Planet, Profit" is a key goal for many social entrepreneurs.
What is Innovation?
A key trait shared by both traditional and social entrepreneurs, involving trying new things.
What is a for-profit social venture?
This type of business tries to make money and help people or the environment at the same time.
A philanthropic organization supports your venture and has legitimacy but no power or urgency. What is their stakeholder classification?
What is Discretionary stakeholder?
Why should entrepreneurs measure their impact?
So they can see if their ideas are really helping others.