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Social Entrepreneurship Exam Complete Answers

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Social Entrepreneurship Exam Complete Answers social entrepreneurship ️the application of methods and techniques used by start-ups and other entrepreneurial ventures to the solution of often complex cultural, economic, environmental, or other social problems The Met- how do they get reven...

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  • September 25, 2024
  • 17
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Social Entrepreneurship Exm Complete
  • Social Entrepreneurship Exm Complete
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Social Entrepreneurship Exam Complete Answers
social entrepreneurship ✔️the application of methods and techniques used by start-ups and other
entrepreneurial ventures

to the solution of often complex cultural, economic, environmental, or other social problems



The Met- how do they get revenue ✔️Admissions and membership fees- $48 million

City subsidies- $12 million

Shops- > $200 million

Restaurants

Parking



The Red Cross, budget over $3 billion - how do they get that revenue ✔️The largest source is fees for
products and services Blood processing and distribution (not blood, itself) Courses and training Etc.



enterprising nonprofits ✔️a form of social entrepreneurship where both the venture mission and the
market impact are for social purposes



Enterprising nonprofits distribute _______ ✔️dividends to shareholders as long as social outcomes are
being met.



Nonprofits are increasingly _________ ✔️Seeking additional revenue in business-like ways

Commercializing their core programs



Why are nonprofits increasingly Seeking additional revenue in business-like ways and commercializing
their core programs ✔️Belief in market mechanisms (business just works...)

Avoiding creating dependency

Seeking financial sustainability (reliability of funding)

Funding sources are shifting (capital vs. operating $)

Competitive forces (e.g., healthcare, education)

,increased market approached risks ✔️Organizational drift (away from original mission) YMCA,
Newman's Own?

Building a successful business is not easy! Most new businesses fail (perils of newness & smallness)

Lack of skills, experience, credibility

Conflicting cultures E.g., social work vs. micro-loans and repayment demand

Community role conflicts Do people want to donate their time to companies?



the social enterprise spectrum ✔️purely philanthropic, hybrid, purely commercial



the social enterprise spectrum- purely philanthropic ✔️motives, methods, goals: appeal to goodwill,
mission driven, social value



beneficiaries: pay nothing



capital: donations and grants



workforces: volunteers



suppliers: make in kind donations



the social enterprise spectrum- hybrid ✔️motives, methods, and goals: mixed motives, mission and
market driven, social and economic value



beneficiaries: subsidized rates or mix of full payers and those who pay nothing



capital: below market capital or mix of donations and market rate capital



workforces: below market wages, or mix of volunteers and fully paid staff

, Suppliers: special discounts, or mix of in kind and full price donations



the social enterprise spectrum- purely commercial ✔️motives, methods, goals: appeal to self interest,
market driven, economic value



beneficiaries: market rate prices



capital: market rate capital



workforces: market rate compensation




suppliers: market rate prices



Potential Revenue Sources ✔️Earned Income from Intended Beneficiaries

-Issues with beneficiary knowledge, financial ability to pay

-How to address non-human beneficiaries?

- Mission conflicts (Amnesty Int'l, Red Cross disaster relief)



Earned Income from Third Parties with a Vested Interest

-GauteSalud, US healthcare providers and Medicaid

-Hospital Emergency Rooms



Earned Income from Others

-Advertising

-Co-branding (cf., AMA - Sunbeam)

-Products/Services



possible financial objectives ✔️Full Philanthropic Support

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