ENTR CHP 4

______ can seek investment from social venture capitalists known as impact-investment funds.

Both nonprofit and for-profit organizations

Which of the following is NOT true of wicked problems?

Every wicked problem is essentially the same.

Ventures with social consequence and social purpose are the same type of venture.

F

The Woodland Park Zoo sells exotic animal dung to the public who can then use the dung as garden fertilizer. This is an example of ______.

earned-income activities

Which type of venture primarily has a social market impact and social venture mission?

enterprising nonprofit venture

Characteristics (4) Enterprising Nonprofit Entrepreneurs gender breakdown age of founders education level previous experience

female > male ~55 y/o ~90% have a college degree 70% start nonprofits in industry of experience

impact investment funds

firms that invest into companies to generate a measurable social impact alongside a financial return

Social consequence entrepreneurship describes a ______.

for-profit venture whose primary market impact is social

6 types of venture philanthropy funding firms

high engagement multi year support tailored financing organizational capacity building nonfinancial support performance measurement

how is corporate social responsibility beneficial (2)?

improves public image unites people through charity events

A hybrid model of social entrepreneurship describes a(n) ______.

organization with a purpose that equally emphasizes both economic and social goals

A venture philanthropist who is focused on building the long-term viability of the organization, achieving greater social impact, and operational efficiency is focused on ______.

organizational capacity building

According to the text, there are three primary attributes of stakeholders to consider.

power, legitimacy, urgency

Social entrepreneurship differs from other forms of entrepreneurship in that it gives higher priority to ______.

social value creation

Social entrepreneurship is the process of ______.

sourcing innovative solutions for social and environmental problems

Overpopulation and the dramatic increase in life expectancy are examples of ______.

wicked problems

Estimates are that the SVC (social venture capitalist) market could grow to ______ due to the rise of more socially conscious entrepreneurs looking for impact investment opportunities.

$3 trillion

Which of the following is an example of a wicked problem?

a community attempting to prevent terrorism

A NGO is ______.

a nongovernmental organization

Which of the following is an example a wicked problem?

a venture striving to reduce childhood mortality

Which of the following is an example of a work integration social enterprise?

a venture that hires out employees with autism

Which of the following is an example of a work integration social enterprise?

a venture that provides educational services for women in prison

Which of the following is an example of a work integration social enterprise?

a venture that trains former gang members to be personal trainers

Venture philanthropy funding ______.

combines financial assistance with a high level of engagement by the funder

CSR stands for ______.

corporate social responsibility

According to the typology of ventures, there are four types of models: traditional, social purpose, social consequence, and enterprising nonprofits.

T

Earned income activities are the sale of products or services that are used as a source of revenue generation.

T

It is possible for venture philanthropists to provide nonfinancial support.

T

Microloans are small short-term loans given to people living in poverty that enables them to engage in entrepreneurship.

T

Organizational capacity building is a feature of venture philanthropy.

T

Typically the goal of venture philanthropy funding is to provide financial support for three to five years with the result of enabling the venture to eventually become financially independent.

T

example of hybrid social entrepreneurship

TOMS: buy a pair, give a pair

A work integration social enterprise (WISE) is a social enterprise that ______.

aims to integrate people who have been socially excluded into work and society through productive activity

Which of the following is a business benefit of CSR?

all of these

Which of the following is an example of a wicked problem? ALL

all of these

In the context of social entrepreneurship, stakeholders refer to ______.

all the people or groups effected by or involved with the social enterprise's objectives

Social entrepreneurs and traditional entrepreneurs are similar in that ______.

both identify opportunities

The aim of a social purpose venture is to ______.

both resolve a social problem and make a profit

In enterprising nonprofits, ______.

both the venture mission and the market impact are for social purposes

Dr. G. Venkataswamy was able to treat tens of millions of patients in India through his Aravind Eye Care System by ______.

building his own manufacturing plan that used less expensive technology

Nigerian investor and philanthropist Tony Elumelu has an alternate solution to the refugee problem. He has decided to ______.

invest $100 million to support entrepreneurship in African countries with refugees living in poverty

community fund

investing in economic development and job creation in poor areas

A corporation with profit goals can have a CSR strategy if ______.

it pursues social objectives in addition to pursing profit

Wicked problems are defined as ______.

large, complex social problems with no clear solution

name 4 things that describe social entrepreneurship

main event stakeholder = the customer opportunity motivated core to mission

Characteristics (4) of Traditional Nonprofit Entrepreneurs gender breakdown age of founders education level previous experience

male > female ~40 y/o <50% have a college degree almost half venture in unfamiliar industries

Earned income activities allow enterprising nonprofits to ______.

sell products or services that are used as a source of revenue generation

name 4 things that describe corporate social responsibility

sideshow stakeholder = the observer image motivated related to mission

Sword and Plough hires army veterans to recycle surplus military materials such as parachutes, sleeping bags, and tents, into fashionable bags and accessories. It donates 10% of its profits to veteran organizations. Sword and Plough is an example of ______.

social consequence entrepreneurship

Which type of venture primarily has a social market impact and economic venture mission?

social consequence venture

Jim Poss created Bigbelly, Inc., a for-profit company that builds trash cans that allows garbage to be compacted using solar energy. Jim Poss is an example of a(n) ______.

social entrepreneur

The biggest difference between social entrepreneurship and corporate social responsibility is ______.

social entrepreneurship places equal emphasis on social and economic goals

The organic clothing company PACT designs, manufactures, and distributes premium cotton underwear without using pesticides, fertilizers, or chemicals. PACT is an example of a ______.

social purpose venture

Which type of venture primarily has an economic market impact and social venture mission?

social purpose venture

why are hybrid models less likely to receive venture capital funding

they borderline business and charity

Which type of venture primarily has an economic market impact and economic venture mission?

traditional venture

SJF ventures

traditional venture capital fund but gives a percentage to companies that are looking to make an environmental impact