Chapter 4-Social Entrepreneurship Verified Answers
social value ️Contribution to the welfare or well-being in a given community.
social impact investing ️Raising funds for socially motivated causes.
Social entrepreneurship ️A new form of entrepreneurship that exhibits characteristics of...
Chapter 4-Social Entrepreneurship Verified Answers
social value ✔️Contribution to the welfare or well-being in a given community.
social impact investing ✔️Raising funds for socially motivated causes.
Social entrepreneurship ✔️A new form of entrepreneurship that exhibits characteristics of nonprofits,
government, and businesses; it applies traditional (privatesector) entrepreneurship's focus on
innovation, risk taking, and large-scale transformation to social problem solving.
Ecovision ✔️Leadership style for innovative organizations. Encourages open and flexible structures that
encompass the employees, the organization, and the environment, with attention to evolving social
demands.
sustainable entrepreneurship ✔️It focused on the preservation of nature, life support, and community
in the pursuit of perceived opportunities to bring into existence future products, processes, and services
for gain, where gain is broadly construed to include economic and noneconomic gains to individuals, the
economy, and society.
Ecopreneurship ✔️Environmental entrepreneurship with entrepreneurial actions contributing to
preserving the natural environment, including the Earth, biodiversity, and ecosystems.
shared value ✔️It is a transformation of business thinking recognizing societal weaknesses that create
internal costs for firms (e.g., wasted energy, accidents, inadequacies in education).
triple bottom line ✔️An accounting framework that goes beyond the traditional measures of profit,
return on investment, and shareholder value to include environmental and social dimensions.
benefit corporation ✔️It is exactly the same as traditional corporations except for a few specific
elements that make them more socially sustainable enterprises: purpose, accountability, transparency.
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