Module 3 Flashcards
(25 cards)
a person who pursues novel applications that have the potential to solve community-based problems
social entrepreneur
these individuals are willing to take on the risk and effort to create positive changes in society through their initiatives
social entrepreneur
facilitates success of social entrepreneurs
widespread use of ethical practices (impact investing, conscious consumerism, corporate social responsibility programs)
A social entrepreneur is interested in starting a business for _______ and not just the pursuit of profits.
greater social good
Social entrepreneurs may seek to produce ________ products, serve an underserved community, or focus on ______ activities.
environmentally-friendly, philanthropic
Social entrepreneurship is a
growing trend alongside ______ and _______.
Socially Responsible Investing (SRI), Environmental, Social, and Governance Investing (ESG)
What does SRI stand for?
Socially Responsible Investing
What does ESG stand for?
Environmental, Social, and Governance Investing
“It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own self-interest.”
Where was this explained?
The Wealth of Nations (1776) by Adam Smith
believed that when individuals pursued their own best interests, they would be guided toward decisions that benefited others
Adam Smith
Examples of Social Entrepreneurship
microfinance institutions, educational programs, banking services in underserved areas, helping children orphaned by epidemic disease
main goal of a social entrepreneur
implement widespread improvements in society
A social entrepreneur must still be _____ to succeed in his or her cause.
financially savy
How does social entrepreneurs take action?
introduction of freshwater services, combined with technology assets
a way to connect you to your life’s purpose, help others find theirs, and make a difference in the world, all while making out a living
Social Entrepreneurship
Who stated the mindset of experienced (“habitual”) entrepreneurs?
McGrath & MacMillan (2000)
Mindset of Experienced (“habitual”) Entrepreneurs
- seek new opportunities
- pursue opportunities with enormous discipline
- pursue only the very best opportunities and avoid exhausting themselves and their organizations by chasing after every option
- focus on execution specifically adaptive execution
- engage the energies of everyone in their domain
Social Entrepreneurs have strong _____ and _____ for marginalized people or creatures to pursue ______.
ethics, empathy, sustainability
Social Entrepreneurs understand social problems are _____ and _____.
complex, chaos
Social Entrepreneurs have an obsession to find an _____ to solve a _____.
auxiliary line, systemic problem
Social Entrepreneurs apply _____ and utilize a ____ to tackle the systemic problem.
systems thinking, market force
Social Entrepreneurs build relationship with _____ to create an _____ or _____.
multi-stakeholders, ecosystem, collective impact
Social Entrepreneurs pursue the triple bottom line which are the
social value, environmental value, economic value
Social Entrepreneurs strive to achieve _____.
systemic change
