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Entrepreneurship Fundamentals

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Questions and Answers

What do large companies need to do to sustain their existence?

Downsize and reduce diversification

Focus solely on existing products and services

Merge with other companies to reduce competition

Continually expand and diversify their entrepreneurial activities (correct)

What is social entrepreneurship related to?

Government-led initiatives to create jobs

Only profit-making ventures

Private equity investments

Entrepreneurial activities carried out by social enterprises, NGOs and charitable organizations (correct)

What is the process of social entrepreneurship involved in?

Only recognizing social problems

Recognizing a social problem and applying an entrepreneurial approach (correct)

Only managing a venture to achieve social objectives

Only creating a non-profit organization

What is an example of an economic-based social entrepreneurship project?

Grameen Bank in Bangladesh Signup and view all the answers

What is the objective of the Grameen Bank in Bangladesh?

To provide easy and cheap credit to poor women who are involved in micro business Signup and view all the answers

What type of societies are formed to cater to specific interests?

Societies like the Malaysian Nature Society, Environmental Protection Society of Malaysia and Amnesty International Signup and view all the answers

What is the purpose of Students in Free Enterprise (SIFE)?

To promote entrepreneurship among students Signup and view all the answers

What is the social objective of social entrepreneurship?

To achieve social objectives or social ROI (return on investment) Signup and view all the answers

What is the main difference between social entrepreneurship and traditional entrepreneurship?

Social entrepreneurship focuses on achieving social objectives Signup and view all the answers

What type of organizations are involved in social entrepreneurship?

Social enterprises, NGOs and charitable organizations Signup and view all the answers