Chapter 4 Social Entrepreneurship Verified A+
Wicked problems large, complex, social problems where there is no clear solution, where there is
limited, confusing on contradictory information available, and where a whole range of people with
conflicting values engage in debate.
issues relati...
Chapter 4 Social Entrepreneurship Verified A+
Wicked problems ✅large, complex, social problems where there is no clear solution, where there is
limited, confusing on contradictory information available, and where a whole range of people with
conflicting values engage in debate.
issues relating to the environment, poverty, sustainability, equality, education, child mortality,
sanitation, terrorism, global refugee crisis, and health/wellness
Social purpose ventures ✅businesses created by social entrepreneurs to resolve a social problem and
make a profit.
Social consequence entrepreneurship ✅a for-profit venture whose primary market impact is social.
Corporate social responsibility ✅describes the efforts taken by corporations to address the company's
effects on the enbvironmental social well-being in order to promote positive change.
Conklin's Defining Characteristics of Wicked Problems ✅1. the problem is not understood until after the
formulation of a solution
2. wicked problems have no stopping rule
3. solutions to wicked problems are not right or wrong
4. every wicked problem is essentially novel and unique
5. every solution to a wicked problem is a "one shot operation"
6. wicked problems have no given alternative solutions
enterprising nonprofits ✅a form of social entrepreneurship where both the venture mission and the
market impact are for social purposes
earned-income activities ✅the sale of products or services that are used as a source of revenue
generation
venture philanthropy funding ✅a combination of financial assistance such as grants with a high level of
engagement by the funder
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