Structure
How many questions are in Paper 3?
3
How many actions should be included in your action plan?
4-5
Name 2 Theorists you can cite in QUESTION 1
MASLOW
MCCLELLAND
What are the 3 types of sustainability?
Ecological, economic, social
What is a social enterprise?
Social enterprises are revenue-generating businesses with social objectives at the core of their operations.
Whilst commercial for-profit businesses strive to return a profit for their owners, for-profit social enterprises strive to return a surplus for social gain rather than personal gain.
How many points is Question 3 worth?
17
True/False: You should provide a specific summary of the challenges in your introduction to Question 3
FALSE - this will waste your time
Basic needs such as warmth, food, shelter,
What does it mean to be economically sustainable?
To have enough finance to survive as a business or to fund growth/expansion etc.
What is the connection between ethics and social enterprises?
Stakeholders expect social enterprises to function in ethical ways since they have social objectives at their core
How many points is Question 2 worth?
6
Business department/function
Marketing
Operations
Finance
HR
What are security needs?
Needs to feel safe and have job security
What does it mean to be socially sustainable?
To maintain a positive presence in society and to ensure the social impact lasts
True/False - all social enterprises are non-profit
FALSE
What are the criteria assessed in Question 3?
Use of resource materials
Business tools/terms
Evaluation
Sequencing
True/False: Question 3 is an analysis of what the business should have done to solve its challenges
FALSE. It is a recommendation of what they SHOULD DO IN THE FUTURE
What are social needs according to Maslow?
The need to belong to a group in society
What does it mean to be ecologically sustainable?
To have long term positive impact on the environment through production practices, supply chain, etc.
Yes - They use any financial surplus to benefit others in society, beyond personal rewards for shareholders and owners
True/False: You must include all resources to gain top marks for the resources criteria
TRUE
How do you score top marks for Question 3?
Discussion of the impact of the action plan on business departments and stakeholders AND a reflection on the costs/tradeoffs of implementing the plan
What is n-Aff according to McClelland?
Need for Affiliation (n-Aff) - Seek good social standing and strong working relationships with peers which makes them happy at work. They conform to group norms and avoid conflict
When should you mention sustainability in Paper 3
In Question 3.
It should be defined in your intro and each action plan should conclude with an explanation as to how that specific action will allow the business to remain sustainable
What should I remember about social enterprises to have the right context for answering question 3?
Social enterprises are expected to be transparent with finances, hiring, supply chain etc.
They create employment opportunities, thereby improving the economic and social landscape of local communities.