Social Entrepreneurship Exam 1 Review Verified Answers
0 view 0 purchase
Course
Social Entrepreneurship Exm 1
Institution
Social Entrepreneurship Exm 1
Social Entrepreneurship Exam 1 Review Verified Answers
Opportunity recognition; concept development; resource determination and acquisition; launch and
venture growth; goal attainment ️Five parts that make up the process of entrepreneurship (social
entrepreneurship)?
Environmental ️Theo...
Social Entrepreneurship Exam 1 Review Verified Answers
Opportunity recognition; concept development; resource determination and acquisition; launch and
venture growth; goal attainment ✔️Five parts that make up the process of entrepreneurship (social
entrepreneurship)?
Environmental ✔️Theory of Entrepreneurship:
Under this view, entrepreneurship is a latent condition in the population that is stimulated when the
environment is conducive to it. This environment can be inside a firm, in a person's social circle, or even
in public policy and politics.
Resource ✔️Theory of Entrepreneurship:
This theory focuses on the availability of resources for new venture. The idea here is that the availability
of financial capital, human resources, and human capital are the key to understanding why
entrepreneurs decide to try and exploit an opportunity.
Perturbation (Displacement) ✔️Theory of Entrepreneurship:
Also known as _______, this theory argues that entrepreneurship occurs when people are displaced
from their regular business routines by political, cultural, or economic factors.
Personal Traits (displacement) ✔️Theory of Entrepreneurship:
This class of theories holds that there are identifiable traits of an "entrepreneurial personality."
Entrepreneurship occurs because people with these traits are able to operationalize their tendencies.
Preparation ✔️Theory of Entrepreneurship:
Related to personality traits is the idea that entrepreneurship can be taught, and hence it depends on
factors such as education and work experience.
,Environment; resources; perturbation; personal traits; Preparation ✔️What are the 5 theories of
entrepreneurship
Environmental factors; Availability of financial and nonfinancial resources; Perturbation of the
environment ✔️What are the External Forces of Entrepreneurship?
Entrepreneurial Personality Traits; Preparation to Exploit Opportunities ✔️What are the Internal Forces
of Entrepreneurship?
Environmental factors ✔️External force of Entrepreneurship:
Deals with:
- Whether the social climate is conducive to entrepreneurship
- The political climate that facilitates social innovation
Perturbation of the environment ✔️External force of entrepreneurship:
Deals with:
- Political Change
- Cultural Change
- Economic Change
Preparation to Exploit Opportunities ✔️Internal Force of Entrepreneurship:
Deals with:
- Education
- Experience
, Myth ✔️T/Myth: S.ENTPs are anti-business
Myth ✔️T/Myth: The difference between commercial entrepreneurship and social entrepreneurship is
greed.
Myth ✔️T/Myth: Social entrepreneurs always run nonprofits
True ✔️T/Myth: S.ENTPs are Made not Born
Myth ✔️T/Myth: S.ENTPs are Misfits
Myth ✔️T/Myth: S.ENTPs usually fail
Myth ✔️T/Myth: S.ENTPs love risk
Entrepreneurship ✔️the process of pursuing opportunities without limitation by resources currently in
hand.
unmet by private markets or governments ✔️When we look into the definition of Social
Entrepreneurship: we see that it
- addresses social problems or needs that are _______________________________________
Social Benefit ✔️When we look into the definition of Social Entrepreneurship: we see that it
- is motivated by _____________
with ✔️When we look into the definition of Social Entrepreneurship: we see that it
- generally works ______ market forces
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller CertifiedGrades. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.49. You're not tied to anything after your purchase.
