18 Questions
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?
Generate social change
What is the main goal of an entrepreneur?
To capitalize on market opportunities, innovate, and generate wealth.
How does a social enterprise differ from a charity in terms of funding?
Social enterprises trade/sell products & services for self-sustainability, while charities rely on grants & donations.
Describe the expected impact of a charity compared to a social enterprise.
Charities aim for longer-term impact and scalability, while social enterprises focus on shorter-term impact.
What is the primary goal of a social entrepreneur?
To address social needs, bring about social change, and scale or deepen social impact.
What is the key difference in legal form between charities and social enterprises?
Charities are typically not-for-profit, while social enterprises can be for-profit or not-for-profit.
How does a social entrepreneur differ from an entrepreneur in terms of surplus reinvestment?
A social entrepreneur reinvests surplus back into the process to create social impact, while an entrepreneur expects economic wealth for shareholders.
What is the main focus of social enterprises in terms of operations?
Entrepreneurial and innovation-focused, with longer-term programs.
What is the significance of surplus in the context of social enterprises?
Surplus is reinvested in the process to create greater social impact.
What is the Service Cross-subsidization model in a social enterprise?
Sells products or services to an external market to help fund social programs for beneficiaries
What is the main innovation of Aravind Eye Care that helps them expand over time?
Aravind Eye Care's model of high-volume, high-quality eye care at low cost
How does the business model canvas help in creating a business model?
It is a tool used to sketch out and explain different aspects of the business model
Why is social innovation important in the context of poverty alleviation?
Social innovation can lead to impactful solutions that address social challenges efficiently
What drives the innovations at Aravind Eye Care?
The goal of increasing impact, scale, and efficiency
How does the social enterprise business model differ from traditional business models?
Social enterprise business models focus on creating social impact alongside generating revenue
Test your knowledge on non-profit social enterprises, section 8 companies, hybrid social enterprises with for-profit and non-profit arms, and measuring success using the double bottom line approach which considers both social and economic value.
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