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...
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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