Social Entrepreneurship

Play an AI-generated podcast conversation about this lesson

What are wicked problems?

Social problems that only affect a small population

Complex social problems with no clear solution (correct)

Social problems that are easily solvable

Simple social problems with clear solutions

What is the aim of Enterprising Nonprofits?

To maximize profits for shareholders

To solely focus on social purposes without any market impact

To avoid any revenue generation activities

To resolve a social problem and make a profit (correct)

What do Impact-investment funds look for?

Investments with no social or environmental impact

Low-impact investments with long-term returns

A return on investment and to make a social or environmental impact (correct)

High-risk investments with quick returns

What are the three primary attributes of stakeholders to consider?

Power, legitimacy, and urgency Signup and view all the answers

What does CSR stand for?

Corporate Social Responsibility Signup and view all the answers

What does ESG criteria stand for?

Economic, Social, and Governance Signup and view all the answers

What does GEM measure?

Global Entrepreneurship Monitor Signup and view all the answers

What is the aim of microfinance?

To provide financial services to people ineligible to receive banking services Signup and view all the answers

What is the focus of Capital Markets for Social Entrepreneurs?

To resolve a social problem and make a profit Signup and view all the answers

What do social entrepreneurs measure performance by?

Advancing social and environmental goals Signup and view all the answers

What is a key factor in making a country entrepreneurial?

Cultural and social norms Signup and view all the answers

Who are considered as new business owners according to the text?

Individuals actively involved in the business for 3 months to 3.5 years Signup and view all the answers

What type of entrepreneurs are pushed into starting a business according to the text?

Necessity-based entrepreneurs Signup and view all the answers

What is a main driver for opportunity-based entrepreneurs according to the text?

Independence or increasing income Signup and view all the answers

What is a growing trend with many opportunities worth pursuing for both economic and social impact?

Social entrepreneurship Signup and view all the answers

What is considered essential for each country around the world according to the text?

Building a climate where entrepreneurship can thrive Signup and view all the answers

What is a key aspect of the entrepreneurship ecosystem mentioned in the text?

Research and Development (R&D) transfer Signup and view all the answers

Who are individuals actively involved in the business for more than 3.5 years considered to be according to the text?

Established business owners Signup and view all the answers

What is a significant factor for necessity-based entrepreneurs according to the text?

Financial resources Signup and view all the answers

What type of entrepreneurs start a business to create or exploit opportunity with the main driver being independence or increasing their income?

Opportunity-based entrepreneurs Signup and view all the answers

What type of support is mentioned as crucial for entrepreneurs in the text?

Financial support from investors Signup and view all the answers