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What is social entrepreneurship

a form of entrepreneurship that exhibits characteristics of nonprofits, governments, and businesses, combining private-sector focus on innovation, risk taking, and large-scale transformation with social problem solving.


describe the process of social entrepreneurship (briefly)

begins with a perceived social opportunity translated into an enterprise concept; resources are then ascertained and acquired to execute the enterprise’s goals.


Define the social Entrepreneur

a person (or small group of individuals) who founds and/or leads an organization or initiative engaged in social entrepreneurship.


Name activities what characterize the social entrepreneur:

Following activities characterize the social entrepreneurs:
o Adoption of a mission to create and sustain social

o Recognition and relentless pursuit of opportunities
for social value

o Engagement in continuous innovation and learning

o Action beyond the limited resources at hand

o Heightenes sense of accountability


what is Sustainable entrepreneurship

focused on the preservation of nature, life support, and community in the pursuit of perceived opportunities to bring into existence future products, processes, and services for gain, where gain is broadly constructed to include economic and noneconomic gains to individuals, the economy, and society


what is Ecopreneurship

a plan to create a sustainable future should realize its objectives through a practical, clearly stated strategy


name some of the key steps recommended by Hawken and McDonough in terms of ecopreneurship

1. Eliminate the concept of waste.
2. Restore accountability
3. Make prices reflect costs
4. Promote diversity
5. Make conservation profitable
6. Insist on accountability of nations


describe the Global entrepreneurs

- Are Opportunity- minded and open-minded, able to
see different points of view and weld them into a
unified focus

- They rise above nationalistic differences to see the
big picture of global competition without abdicating
their own nationalities.

- They have a core language plus working knowledge
of others

- They confront the learning difficulties of language
barriers head-on, recognizing the barriers such
ignorance can generate

- They are required to wear many hats, taking on
various assignments, gaining experience in various
countries, and seizing the opportunity to interact
with people of different nationalities and cultural


why is Global thinking important

Important because today’s consumers can select products, ideas, and services from many nations and cultures

Must be global thinkers in order to design and adopt strategies for different countries


what is Dispora Networks

relationships among ethnic groups that share cultural and social norms


Dispora Networks advantages for - global entrepreneurs:

1. They speed the flow of information across borders
2. They create a bond of trust
3. They create connections that help entrepreneurs
collaborate within a country and across ethnicities.


name 3 Global organizations and Agreements

1. The world trade organization – WTO
2. The North American free trade agreement – NAFTA
3. The European Union – EU


what is The world trade organization – WTO

- Established on January 1, 1995
- The “umbrella” organization governing the
international trading system

Its job is to oversee international trade arrangements, but contrary to popular belief, the WTO does not replace the General Agreement on Tariffs and Trade (GATT)

Ensures, among other things, that negotiations progress smoothly, and that the rules of international trade are correctly applied and enforced.


what is the North American free trade agreement – NAFTA

Is an international agreement among Canada, Mexico and the US that eliminates trade barriers among the three nations

It created the world’s largest free trade areas, linking 444 million people and producing $17 trillion in goods and services annually.


what is the The European Union – EU

- Founded in 1957 as the European Economic
Community and in 1992 became a full-fledged
economic union

The objectives of the EU include:
1. The elimination of custom duties among all member
2. The free flow of goods and services among all
3. The creation of common trade policies toward all
countries outside the EU
4. The free movement of capital and personnel within
the bloc
5. The encouragement of economic development
throughout the bloc
6. Monetary and fiscal coordination among all

Remains one of the major markets for American goods and services, as well as for foreign direct investment.


what means by Gradual internationalization

Countries vary with respect to the quantity and proportion of resources they possess, which forms the basis for a competitive advantage of nations

- Resource-rich countries
- Market-rich countries


what is Resource-rich countries

- Those having extractive assets
- Include OPEC nations and many parts of Africa
- Labor-rich, rapidly developing countries include Brazil,
India and the Philippines and select countries in South
and Central America


what is Market-rich countries

- Countries of Europe, Brazil Mexico, India, China and the
US, have purchasing power.
- Each country has something that others need, thus
forming the basis of an interdependent international
trade system.


Seven characteristics of successful global start-ups

1. Global vision from inception
2. Internationally experiences management
3. A strong international business network
4. Preemptive technology or marketing
5. A unique intangible asset
6. A linked product or service
7. Tight organizational coordination worldwide


Methods of going global

1. Importing - buying and shipping foreign-produces
goods for domestic consumption

2. Exporting - the shipping of a domestically produced
good to a foreign destination for consumption
3. International alliances and joint ventures -
Three main types:
- informal international cooperative alliances
- formal international cooperative alliances (ICAs)
- international joint ventures
4. Direct foreign investment
5. Licensing


name some International threats and risks

- Foreign markets may present dangers that must be
monitored carefully

- Ignorance and uncertainty, combined with lack of
experience in problem solving in a foreign country
present a major issue

- Lack of information about resources to help solve
problems contributes to the unfamiliarity

- Restrictions imposed by the host country often
contribute to the risk

- Political risks include unstable governments,
distributions caused by territorial conflicts, wars,
regionalism, illegal occupation, and political
ideological differences

- Many entrepreneurs have avoided international
trade because they believe it is too complicated and
fraught with bureaucratic red tape.