Podcast
Questions and Answers
What is the primary function of the World Trade Organization (WTO)?
What is the primary function of the World Trade Organization (WTO)?
What is the purpose of the North American Free Trade Agreement (NAFTA)?
What is the purpose of the North American Free Trade Agreement (NAFTA)?
What does importing refer to in international trade?
What does importing refer to in international trade?
What is a key characteristic of international alliances?
What is a key characteristic of international alliances?
Signup and view all the answers
What does direct foreign investment involve?
What does direct foreign investment involve?
Signup and view all the answers
What is the primary focus of sustainable entrepreneurship?
What is the primary focus of sustainable entrepreneurship?
Signup and view all the answers
Which of the following best describes ecopreneurship?
Which of the following best describes ecopreneurship?
Signup and view all the answers
What does the term 'triple bottom line' encompass?
What does the term 'triple bottom line' encompass?
Signup and view all the answers
How are global entrepreneurs characterized?
How are global entrepreneurs characterized?
Signup and view all the answers
What are some of the risks associated with political instability for interns?
What are some of the risks associated with political instability for interns?
Signup and view all the answers
Which statement best describes corporate social responsibility (CSR)?
Which statement best describes corporate social responsibility (CSR)?
Signup and view all the answers
What does 'shared value' aim to create?
What does 'shared value' aim to create?
Signup and view all the answers
What is 'ecovision' in the context of leadership?
What is 'ecovision' in the context of leadership?
Signup and view all the answers
Study Notes
Social Entrepreneurship Concepts
- Soxial Engineering: A leadership model where a person or small group funds and directs an organization.
- Social Entrepreneurship Process: Involves recognizing a perceived social opportunity and translating it into a viable enterprise concept.
- Sustainable Entrepreneurship: Emphasizes the importance of preserving nature and ensuring long-term ecological balance.
- Ecopreneurship: Focuses on entrepreneurial actions that specifically contribute to the preservation of the natural environment.
- Social Entrepreneurship: Involves activities and processes aimed at discovering, defining, and exploiting social opportunities.
- Corporate Social Responsibility: Refers to actions taken by businesses to promote social good alongside their operations.
Leadership and Environmental Strategies
- Ecovision: A leadership style that fosters open and flexible organizational structures involving employees, the organization, and the environment.
- Environmental Movement: Driven by values rather than design, emphasizing grassroots initiatives for environmental change.
- Shared Value: An approach that aims to create both economic value and societal benefits.
Triple Bottom Line Framework
-
Triple Bottom Line: An accounting framework focused on measuring performance beyond mere profit, encompassing:
- Economic Performance
- Environmental Sustainability
- Social Impact
Threats and Risks for Interns
- Political Risks: Include unstable governments, conflicts, and ideological differences threatening organization stability.
- Economic Risks: Encompass tax law changes, rising costs, labor strikes, and significant GNP shifts affecting enterprises.
- Social Risks: Arise from class antagonism, religious conflicts, income inequality, and civil unrest.
- Financial Risks: Relate to fluctuating exchange rates, profit repatriation issues, and seasonal cash flow challenges.
Global Entrepreneurial Landscape
- Global Entrepreneurs: Individuals who are opportunity-minded and able to consider diverse perspectives in their ventures.
- Global Thinking: Entrepreneurs focusing on designing operations for expansion into foreign markets.
- Diaspora Networks: International connections formed among ethnic groups sharing cultural ties.
Trade Agreements and International Relations
- World Trade Organization (WTO): A global organization responsible for overseeing trade agreements and facilitating international commerce.
- North American Free Trade Agreement (NAFTA): A significant international agreement between Canada, Mexico, and the U.S. aimed at eliminating trade barriers.
- Importing: The process of purchasing and shipping foreign goods for domestic consumption.
- Exporting: Involves shipping domestically produced goods to foreign markets for consumption.
- International Alliances: Informal agreements between companies from multiple countries to collaborate on business endeavors.
- Direct Foreign Investment: Establishment of production facilities in a foreign country by a domestic entity.
- Licensing: A business arrangement allowing one company to produce and sell another's product, typically involving contractual terms.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Description
Test your knowledge on social and sustainable entrepreneurship concepts. This quiz covers various aspects including social opportunities, ecopreneurship, and the role of individuals in funding organizations. Explore how these entrepreneurial activities contribute to both social and environmental goals.
