Lecture 3: Creating social value Flashcards
(19 cards)
What is the main objective of social enterprises (SE)?
To bring about a desired social change/impact.
This includes addressing basic needs of individuals, institutional needs of communities, and needs of future generations.
Define sustainable development.
Development that meets the needs of the present without compromising the ability of future generations to meet their own needs.
What are the two key ways to realize social value?
- SE as a change agent and/or providing social innovation (macro)
- Integrating Social Value Proposition into business models and operating strategies (micro)
What does social entrepreneurship aim for according to Haugh (2007)?
The simultaneous pursuit of economic, social, and environmental goals by enterprising ventures.
What are opportunity ‘spaces’ in the context of social enterprises?
Areas where social enterprises can provide solutions to unmet needs.
List the levels at which social value can be created.
- Individuals
- Communities
- States/Regions
- National
- Global
What are the three perspectives on social entrepreneurship for poverty alleviation according to Sutter et al. (2019)?
- Remediation
- Reform
- Revolution
Fill in the blank: Poverty is alleviated by providing access to _______.
[resources]
What is the main problem faced by women according to the Street Business School case?
Lack of practical business skills and self-confidence to start their own business.
How does the Street Business School help individuals?
By offering a training program to learn practical skills and how to run businesses.
What is the purpose of the social franchising model in the Street Business School?
To achieve scale by scaling proven solutions to societal problems.
What is the primary cause of poverty addressed by the reform perspective?
Social exclusion.
True or False: The revolutionary perspective views poverty as a result of corrupt and broken systems.
True.
What does the M-Pesa case illustrate about financial inclusion?
It is a significant driver of financial inclusion for the unbanked.
What is a critical requirement for opportunity exploitation in the revolutionary perspective?
Vision and compassion rather than self-interest.
Fill in the blank: Poverty is not created by poor people; it has been created and sustained by the _______.
[economic and social systems]
What is the role of the founder in the revolutionary entrepreneurial growth?
To ensure distributive justice.
What is the main focus of the remediation perspective in poverty reduction?
Providing access to resources such as finances, training, and knowledge.
List some influences on the origins and forms of social enterprises.
- Personal characteristics
- Motivations
- Capabilities
- Resources
- Goals of social impact mission
