Non-Profit Social Enterprise and the Double Bottom Line Quiz
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Questions and Answers

What is the double bottom line in the context of social enterprises?

Success measured by social value created and economic value generated.

How is the success of a social enterprise measured?

By measuring both the economic value generated (revenue, profit) and the social impact created (number of individuals reached, improvement in living standards).

What distinguishes an entrepreneur from a social entrepreneur in terms of motivation?

An entrepreneur is motivated by market opportunities and wealth generation, while a social entrepreneur is driven by addressing social needs and generating social change.

What is the main motivation behind a social entrepreneur according to the text?

<p>Generate social change</p> Signup and view all the answers

What is the main goal of an entrepreneur?

<p>To capitalize on market opportunities, innovate, and generate wealth.</p> Signup and view all the answers

How does a social enterprise differ from a charity in terms of funding?

<p>Social enterprises trade/sell products &amp; services for self-sustainability, while charities rely on grants &amp; donations.</p> Signup and view all the answers

Describe the expected impact of a charity compared to a social enterprise.

<p>Charities aim for longer-term impact and scalability, while social enterprises focus on shorter-term impact.</p> Signup and view all the answers

What is the primary goal of a social entrepreneur?

<p>To address social needs, bring about social change, and scale or deepen social impact.</p> Signup and view all the answers

What is the key difference in legal form between charities and social enterprises?

<p>Charities are typically not-for-profit, while social enterprises can be for-profit or not-for-profit.</p> Signup and view all the answers

How does a social entrepreneur differ from an entrepreneur in terms of surplus reinvestment?

<p>A social entrepreneur reinvests surplus back into the process to create social impact, while an entrepreneur expects economic wealth for shareholders.</p> Signup and view all the answers

What is the main focus of social enterprises in terms of operations?

<p>Entrepreneurial and innovation-focused, with longer-term programs.</p> Signup and view all the answers

What is the significance of surplus in the context of social enterprises?

<p>Surplus is reinvested in the process to create greater social impact.</p> Signup and view all the answers

What is the Service Cross-subsidization model in a social enterprise?

<p>Sells products or services to an external market to help fund social programs for beneficiaries</p> Signup and view all the answers

What is the main innovation of Aravind Eye Care that helps them expand over time?

<p>Aravind Eye Care's model of high-volume, high-quality eye care at low cost</p> Signup and view all the answers

How does the business model canvas help in creating a business model?

<p>It is a tool used to sketch out and explain different aspects of the business model</p> Signup and view all the answers

Why is social innovation important in the context of poverty alleviation?

<p>Social innovation can lead to impactful solutions that address social challenges efficiently</p> Signup and view all the answers

What drives the innovations at Aravind Eye Care?

<p>The goal of increasing impact, scale, and efficiency</p> Signup and view all the answers

How does the social enterprise business model differ from traditional business models?

<p>Social enterprise business models focus on creating social impact alongside generating revenue</p> Signup and view all the answers

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