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Entrepreneurship > Unit 6 > Flashcards

Unit 6 Flashcards

1
Q

What is the definition of social entrepreneurship?

A

Practice of entrepreneurship relating to human welfare, with no profit motive

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2
Q

What are the characteristics of social entrepreneurs?

A

Mission driven
Deliver social value

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3
Q

How do you recognise opportunities?

A

Opportunity Seeking
Opportunity Screening, SWOT
Opportunity Seizing, Identify which opportunities are viable for business

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4
Q

What is the definition of unemployment?

A

The percentage of the labour force who do not have a job and are actively seeking a job

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5
Q

What are causes for unemployment?

A

Population growth
Fast growing labour force
Bad economic situation
Changes in technology

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Entrepreneurship (9 decks)

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