CH16 ENT
According to the 2018/2019 Global Entrepreneurship Monitor (GEM) research study, the percentage of entrepreneurs in the United States has reached ______.
15%
What is the entrepreneurship ecosystem?
Certain conditions must be in place for small and medium businesses to flourish.
What region of the world has the lowest rates of total entrepreneurial activity (in the early stages)?
Europe
Compared to traditional nonprofit startups, enterprising nonprofits are far less likely to survive in business after the first five years.
False
The for-profit business 4Ocean is idealistic but has been unsuccessful.
False
How is the for-profit business 4Ocean funded?
It sells bracelets that are made of recycled materials.
Why is VisionSpring, an organization devoted to the problem of poor eyesight in the developing world, classified as a hybrid model of social entrepreneurship?
Its primary concern is that of a nonprofit, but it is a for-profit company.
______ is the process of sourcing innovative solutions to social and environmental problems.
Social entrepreneurship
When a social entrepreneur is evaluating stakeholders, what is "urgency"?
The extent to which that stakeholder demands attention.
Corporate social responsibility (CSR) initiatives tend to attract and motivate employees.
True
One benefit of having a corporate social responsibility strategy (CSR) is that an organization may receive more lenient penalties in legal matters than a company without such a strategy.
True
The social venture capitalist (SVC) market is a growing one.
True
Women in developing nations are more likely to be driven to become entrepreneurs by necessity whereas women in developed nations are more likely to be motivated by opportunity and innovation.
True
Traditional entrepreneurs' goal is to make a profit whereas social entrepreneurs' goal is to ______.
bring about social change
What type of nonprofit is Goodwill, the organization that trains hundreds of thousands of people and operates more than 3,000 donation clothing stores across the United States?
enterprising nonprofit
Tala, founded by Shivani Soraya, has a goal of helping businesses in developing countries ______.
establish credit scores
What is the descriptor for forms of social entrepreneurship that do not fit into the four-part typology?
hybrid
Google Person Finder is an example of the company's commitment to ______.
its social responsibility strategy (CSR)
When assessing the attributes of her stakeholders, a social entrepreneur must consider if the stakeholder's actions are appropriate, proper, and desired (within the enterprise's context). This attribute is called ______.
legitimacy
According to the Intergovernmental Panel on Climate Change, the world has ______ to reduce greenhouse emissions, one of many warnings that have spurred social entrepreneurs to tackle a variety of related problems.
less than a decade
Manuel lives in a remote village in Belize and creates small art pieces using traditional methods. He has organized similar artisans in a few other villages into a collective and wants to seek financing to expand. What funding source makes the most sense for Manuel?
microfinancing
What social financing innovation was pioneered in the 1970s by Muhammad Yunus in Bangladesh?
microfinancing
What is an impact-investment fund?
one that seeks a return on investment as well as making a social impact.
Individuals who believe they have the capacity and know-how to start a business, and who are not burdened by fear of failure, are ______ entrepreneurs according to the GEM study.
potential
The difference between corporate social responsibility (CSR) and social entrepreneurship is their ______.
primary objectives
Which model will help social entrepreneurs select the most suitable communication approach for the myriad stakeholders in their enterprise?
salience
When an entrepreneur starts a business to both resolve a social problem and make a profit, they are embarking on a ______.
social purpose venture
A social enterprise has established a training program that aims to help unemployed residents train for jobs in the city's now-booming hospitality industries. What is the mayor's role in that social enterprise?
stakeholder
You are a member of an urban development committee that is focused on funding artists to beautify a city's new urban walking paths. Which of the following would be classified as dependent stakeholders?
the artists
What is the main difference between social and traditional entrepreneurs?
their mission
What is the goal of the Audacious Project: Collaborative Philanthropy for Bold Ideas?
to bring together social entrepreneurs and philanthropists
The Environmental Defense Fund is an AudaciousProject awardee. What is/are its audacious goal(s)?
to build and launch a satellite to track and measure global oil and gas industry methane emissions
The Bail Project is an Audacious Project awardee. What is its audacious goal?
to combat racial disparity
GirlTrek is an Audacious Project awardee. What is/are its audacious goal(s)?
to improve African American women's health and well-being through daily walking
The GEM study focuses on determining the percentage of the population of a country between the ages of 18 and 64 who are either nascent entrepreneurs or owner-managers of new business. This level is called the ______.
total entrepreneurial activity
Large-scale social problems, which are complex and have no clear solution was termed ______ by scholars in the 1960s.
wicked problems
