CHAPTER 4 Social Entrepreneurship And The Global E
CHAPTER 4 Social Entrepreneurship and the Global E
Exam (elaborations)
CHAPTER 4 Social Entrepreneurship and the Global Environment for Entrepreneurship
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Course
CHAPTER 4 Social Entrepreneurship and the Global E
Institution
CHAPTER 4 Social Entrepreneurship And The Global E
CHAPTER 4 Social Entrepreneurship and the Global Environment
for Entrepreneurship
Social Entrepreneurship ️•Entrepreneurship that is a form that exhibits characteristics of nonprofits,
governments, and businesses.
•Combination of private-sector focus on innovation, risk taking, and la...
CHAPTER 4 Social Entrepreneurship and the Global Environment
for Entrepreneurship
Social Entrepreneurship ✔️•Entrepreneurship that is a form that exhibits characteristics of nonprofits,
governments, and businesses.
•Combination of private-sector focus on innovation, risk taking, and large-scale transformation with
social problem solving.
Social Entrepreneurship Process ✔️•Recognition of a perceived social opportunity translated into an
enterprise concept.
•Resources are acquired to execute the enterprise's goals.
Social Entrepreneurs ✔️•A person or small group who founds or leads an organization or initiative
engaged in social entrepreneurship.
•Also referred to as "public entrepreneurs," "civic entrepreneurs," or "social innovators."
•Creative thinkers continuously striving for innovation in technologies, supply sources, distribution
outlets, or methods of production.
•Change agents who create large-scale change using pattern-breaking ideas to address the root causes
of social problems.
Driven by Social Goals ✔️•Challenges are presented regarding the boundaries of what is and what is
not a social enterprise.
•Social causes can be based on personal goals.
•General agreement that there is the desire to benefit society in some way.
•Arguments can begin over the location and purposes of the social goals.
Sustainable Entrepreneurship ✔️•Focus on the preservation of nature, life support, and community.
•Pursuing opportunities to bring into existence future products, processes, and services for gain,
including 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.
, Social Entrepreneurship ✔️•Activities and processes undertaken to discover, define, and exploit
opportunities in order to enhance social wealth by creating new ventures or managing existing
organizations in an innovative manner.
Corporate Social Responsibility ✔️•Actions that appear to further some social good, beyond the
interests of the firm and that which is required by law, and often denotes societal engagement of
organizations.
Ecovision ✔️•A leadership style that encourages open and flexible structures that encompass the
employees, the organization, and the environment, with attention to evolving social demands.
Environmental Movement ✔️•Initiated primarily by values rather than by design.
•Developed by a plan to create sustainable future.
Shared Value ✔️•An approach to creating economic value that also creates value for society by
addressing its needs and challenges.
•Transforms business thinking by addressing issues through innovation and methods.
Triple Bottom Line (TBL) ✔️•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 ✔️1.Purpose: To create a material positive impact on society and the environment.
2.Accountability: To have a fiduciary duty to consider the interests of workers, the community, and the
environment.
3.Transparency: To report annually to the public on overall social and environmental performance with
a credible and transparent third-party standard.
Global Entrepreneurs ✔️•Opportunity-minded and open-minded global thinkers able to see different
points of view and weld them into a unified focus.
•Rise above nationalistic differences to see the big picture of global competition without abdicating
their own nationalities.
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