Understanding Social Entrepreneurship

Question 1

used of the techniques that start up companies and other entrepreneurs to develop, fund and implement solutions to social, cultural, or environmental issues.

Answer 1

Social Entrepreneurship

Question 2

It is the activity of stablishing new business ventures to achieve social change.

Answer 2

Social Entrepreneurship

Question 3

Are not charities or welfare agencies.

Answer 3

Social Enterprises

Question 4

are private business established by entrepreneurs with an emphasis on human values rather than just profit.

Answer 4

Social Enterprises

Question 5

businesses focus on working with and enhancing the social capital within the community by encouraging participation, inclusion, and utilizing a bottom-up approach to achieve social change

Answer 5

Social Enterprises

Question 6

Three Core Elements of Social Enterprise

Answer 6

*Created to provide benefits for a community.

*Creates opportunities so people can help themselves as well as others.

*Utilizes sound commercial business practices to ensure its sustainability

Question 7

Founder of Cooperative Movement

Answer 7

Vinova Bhave

Question 8

Founder of First nursinf school and developer of modern nursing practices

Answer 8

Florence Nightingale

Question 9

What are the Focus Areas of Social Entrepreneurship? Give atleast 3

Answer 9

Enhance a person’s ability to improve her or his economic well-being and personal dignity through opportunity.

Harness aid to be more accountable, transparent and solutions-oriented, for lasting development.

Enable access to and ensure use of reliable, affordable and appropriate healthcare in disadvantaged populations.

Address issues of sustainable productivity not beneficiary by beneficiary, but system wide.

Lay the foundation for peace and human security.

Harness the capital and consumer markets that drive change by considering all costs and opportunities.

Transform the way water is managed and provided, long-term, for both people and agriculture.

Question 10

What are the Role and Importance of Social Entrepreneurship?

Answer 10

Employment Development

Innovation/New Goods and Services

Equity Promotion

Question 11

first major economic value that social entrepreneurship creates is the job and employment Estimates ranges from one to seven percent of people employed in the social entrepreneurship sector.

Answer 11

Employment Development

Question 12

Social entrepreneurs develop and apply innovation important to social and economic development and develop new goods and services. Issues addressed include some of the biggest societal problems such as HIV, mental ill-health, illiteracy, crime and drug abuse which, importantly are confronted in innovative ways.

Answer 12

Innovation/New Goods and Services

Question 13

• social entrepreneurship fosters a more equitable society by addressing social issues and trying to achieve ongoing sustainable impact through their social mission rather than purely profit-maximization

Answer 13

Equity Promotion

Question 14

is somebody who takes up a pressing social problem and meets it with an innovative or path breaking solutions.

Answer 14

Social Entrepreneur

Question 15

Social Entrepreneur need to embrace?

Answer 15

-Create social value
-Recognize new
opportunities to serve
-Act boldly
-Engage in innovation, adaptation, and learning
-Exhibit accountability

Question 16

Give the Qualities of Social Entrepreneurs

Answer 16

-Ambitious
-Mission driven
-Strategic
-Resourceful
-Result oriented

Question 17

The internet social networking websites and social media have been resources for the success and collaboration of many social entrepreneurs.

Answer 17

Role of technology

Question 18

Give me the examples that social entreprenuers use for collaborate on joint online projects?

Answer 18

Wiki models and Crowdsourcing

Question 19

Problems facing by Social Entrepreneur

Answer 19

-Funding
-Strategy and long term focus
-Remaining true to the -Mission
-Lack of skilled man force
-Social and cultural Effect
-Lack of government support

Question 20

Give the Six habits of highly effective social entrepreneur

Answer 20

-Leverage Assets
- Establish Change Models
- Develop Solutions
- Think Long-term
- Practice Inclusion
- Measure Outcomes

Question 21

What are the Institutes giving assistance to Social Enterprises

Answer 21

-Gawad Kalinga
-Rags2Riches
-Bambike (Hand made -bamboo bicycle)
-Habi footware
-Human Nature
-Bayani Brew
-Kape Maria
-Red Carpet

Question 22

One of the primary functions of the social entrepreneur is to serve as a kind of social alchemist: to create new social compounds: to gather people ideas, experiences, skills and resources in configuration that society is not naturally a lined to produce.

Answer 22

Leverage Assets

Question 23

They know solution does not lead automatically to out come, so you need establish and validate the change model (models) These are formulas whereas business find systematic ways to generate profit for social entrepreneurs to find systematic ways to create change.

Answer 23

Establish Chnage Models

Question 24

Social and environmental problems may be what motivate social entrepreneurs but they don’t focus people on the “problem”. Instead, they engage others and create excitement around new solutions, usually in the form of a product or services.

Answer 24

Develop Solutions

Question 25

Small change is easy. Big change is hard. To have meaningful impact on a problem, you need long term thinking. That means thinking, about how solutions can last, how venture can sustain and how outcomes can scale.

Answer 25

Think Long-term

Question 26

To achieve that type of Impact you need understanding, empathy and collaboration. Social entrepreneurs succeed when they include others in the design, production, distribution and evaluation.

Answer 26

Practice Inclusion

Question 27

Social entrepreneurs know exactly how their solutions benefits people or the environment and they measure their success by their impacts, not by their good intention.

Answer 27

Meausures Outcomes

Question 28

Characteristics of social Entrepreneur

Answer 28

-Not bound by sector norms or traditions -Not confined by barriers that stand in the way of their goals -Develop new models and pioneer new approaches to enable them to over come obstacle -Take innovative approaches to solve social issues -Transform communities to strategic partnership

Question 29

Social Responsibility to Consumers

Answer 29

-The right to safety -The right to be informed -The right to choose -The right to be heard

Question 30

This means products are safe for their intended use contain and complete instructions for their proper use, and have been tested by the manufacturers for quality and reliability

Answer 30

The right to safety

Question 31

This refers to the availability of complete and correct information about the use of the products.

Answer 31

The right to be informed

Question 32

It is the policy of the government to encourage competition among sellers or producers, so that consumers can choose the best products in the market.

Answer 32

The right to choose

Question 33

Based on the concept “the customer is always right”

Answer 33

The right to be heard

Question 34

Others Social Responsibilty

Answer 34

-Employment Educationl and training - Community development

Question 35

Business enterprises should adopt the policy of “equal opportunity employment”.

Answer 35

Employment

Question 36

Business organizations particularly the big and successful ones, should contribute their resources to the education and training of the poor and disabled persons in the community.

Answer 36

Education and training

Question 37

The organization is very much a part of a community. Community development includes health and sanitation, livelihood projects and cultural and sports development.

Answer 37

Community development

Question 38

Ethics is the study of right or wrong. It is a moral choice by an individual. In business, it is application of moral standards on business decisions and actions.

Answer 38

Business ethics

Question 39

involves relationships with employees, investors, customers, creditors and competitors.

Answer 39

Business ehtics

Question 40

Arguments for Social Responsibility :

Answer 40

1. Business cannot and should not ignore social problems because it is part of society. 2. Business has resources like financial, technical and managerial that are required for solving problems. 3. Business can earn more profits in the long run by helping eliminate or reduce social problems. 4. Business can expect less government intervention if it performs its social responsibility.

Question 41

Arguments against Social Responsibility :

Answer 41

1.Business managers are primarily responsible to stockholders, Thus, their job is to earn profit for their investors. 2. The resources of enterprise – time, money and talent – should be used to minimize profit, not to solve the problems of society. 3. The effects of the social problems on the society is very general. Business should not be expected to solve such problems. 4. Social problems are the responsibility of the government officials. They were elected basically to solve social problems. This is their fundamental responsibility to the voters.