Question 1

Social entrepreneurship is the application of the mindset, processes, tools, and techniques of business entrepreneurship to the pursuit of a social and/or environmental mission.

Accepted Answer

Social entrepreneurship involves using entrepreneurial principles to create and sustain social and/or environmental value, and can involve a variety of organizational structures including for-profit, non-profit, and hybrid entities.

Question 2

Much has already been written on the subject of social entrepreneurship because as a field of study it is relatively old.

Accepted Answer

Social entrepreneurship is a relatively new field of study that has gained significant attention in recent years, not an old one.

Question 3

Government, which is created to represent the interests of society as a whole, is in the best position to address long-standing, vexing social problems because of a surplus of resources.

Accepted Answer

While government does have access to resources, it is important to note that resources are not unlimited and there are often competing demands for those resources. Additionally, government may face political obstacles or be slow to respond to social problems. Other actors, such as non-profits and private individuals, may also have important roles to play in addressing social problems.

Question 4

Dissatisfaction with the relative inability of the public and private sectors to deal with society's problems explains why social entrepreneurship represents an attractive option and why this phenomenon is enjoying such a high level of popularity at this particular time in history.

Accepted Answer

The answer of Dissatisfaction with the relative inability of the...

Question 5

According to Bornstein, the social entrepreneurship phenomenon is possible today because of the decrease in the number of democratic and semi-democratic societies.

Accepted Answer

This statement is not supported by the article. Bornstein does not suggest that the emergence of social entrepreneurship is linked to the decrease in democratic societies.

Question 6

According to Bornstein, the social entrepreneurship phenomenon is possible today because more people have the freedom, time, wealth, health, exposure, social mobility, and confidence to address social problems in bold new ways.

Accepted Answer

According to Bornstein, the social entrepreneurship phenomenon is possible today because more people have the freedom, time, wealth, health, exposure, social mobility, and confidence to address social problems in bold new ways.

Question 7

Social entrepreneurship represents the best of the private and public sectors embodying the enterprising spirit of the private sector and using the power of economic markets to generate and deliver solutions to problems.

Accepted Answer

Social entrepreneurship combines the innovative and problem-solving mindset of the private sector with the social responsibility and goals of the public sector. It aims to create sustainable solutions to social and environmental issues through business ventures that generate both financial and social value.

Question 8

There is nothing particularly unique about the qualifications of social entrepreneurship that make it an attractive alternative to purely private or purely public approaches to social and environmental problem solving.

Accepted Answer

The statement is false. Social entrepreneurship is unique in that it combines the business mindset of profit with a social or environmental mission. This hybrid approach allows for innovative solutions to societal problems, which may not be possible through purely private or public approaches.

Question 9

The difference between social entrepreneurs, government officials, and private business people relative to their passion is the source of that passion, i.e., the values that underlie it.

Accepted Answer

Social entrepreneurs, government officials, and private business people can all be passionate about their work, but the source of that passion is different. Social entrepreneurs are typically driven by a desire to create positive social change, while government officials may be motivated by a sense of duty to serve the public and make a difference in people's lives. Private business people may be passionate about creating innovative products or services, generating profits, or building a successful brand. These different sources of passion are rooted in the underlying values and missions of each group.

Question 10

Social entrepreneurship is bureaucratic, not nimble.

Accepted Answer

Social entrepreneurship is often characterized by its flexibility and adaptability to change, making it more nimble than traditional bureaucratic organizations.

Question 11

Social entrepreneurs understand that social and environmental solutions have limited periods of effectiveness which are always changing, so agility in adapting to change is crucial.

Accepted Answer

Social entrepreneurs must be adaptable to changing circumstances and trends in order to maintain the effectiveness of their solutions.

Question 12

The focus of social entrepreneurs is systematic change, yielding short-term benefits

Accepted Answer

The focus of social entrepreneurs is systematic change, but with a long-term goal of creating sustainable solutions that yield both short-term and long-term benefits.

Question 13

The public and private sectors are typically focused on collaborative relationships and coordination of efforts to resolve the most critical social needs.

Accepted Answer

While there are instances of collaboration, the public and private sectors often have different priorities and may not always focus on working together to address social needs.

Question 14

Social ventures that are for-profit in their structure and those that are nonprofit, but engaged in earned income activities both put mission above revenue to ensure society's interests prevail over self-interest.

Accepted Answer

Both for-profit social ventures and nonprofit organizations engaged in earned income activities prioritize their mission and societal impact over generating revenue for personal gain.

Question 15

The "shareholders" of social ventures are the people who are invested in the successful solution of the problem they address and this avoids misalignment between the goals of the venture and the goals of the segment of society it serves.

Accepted Answer

The statement accurately defines the concept of "shareholders" in social ventures and how it differs from traditional corporate shareholders. It highlights the importance of having a common goal between the venture and its intended beneficiaries.

Question 16

Give the definition of social entrepreneurship that is used in his book.

Accepted Answer

The answer of Give the definition of social entrepreneurship that...

Question 17

In spite of claims of neoclassical economists that if free markets are allowed to operate without interference they will self-correct and benefit all members of society, there are numerous market failures which underlie some of the world's pressing problems. Discuss at least three types of such market failures.

Accepted Answer

The answer of In spite of claims of neoclassical economists...

Question 18

Bornstein identified five key changes that have made the social entrepreneurship phenomenon possible. Mention all five.

Accepted Answer

The answer of Bornstein identified five key changes that have...

Question 19

Which unique qualifications does social entrepreneurship possess that make it an attractive alternative to purely private or purely public approaches to social and environmental problem solving?

Accepted Answer

The answer of Which unique qualifications does social entrepreneurship possess...

Question 20

What is the crucial factor in social entrepreneurship, when we talk about building, maintaining, and utilizing social capital?

Accepted Answer

The answer of What is the crucial factor in social...

Quiz 1: Introduction

Social entrepreneurship is the application of the mindset, processes, tools, and techniques of business entrepreneurship to the pursuit of a social and/or environmental mission.

Much has already been written on the subject of social entrepreneurship because as a field of study it is relatively old.

Government, which is created to represent the interests of society as a whole, is in the best position to address long-standing, vexing social problems because of a surplus of resources.

Dissatisfaction with the relative inability of the public and private sectors to deal with society's problems explains why social entrepreneurship represents an attractive option and why this phenomenon is enjoying such a high level of popularity at this particular time in history.

According to Bornstein, the social entrepreneurship phenomenon is possible today because of the decrease in the number of democratic and semi-democratic societies.

According to Bornstein, the social entrepreneurship phenomenon is possible today because more people have the freedom, time, wealth, health, exposure, social mobility, and confidence to address social problems in bold new ways.

Social entrepreneurship represents the best of the private and public sectors embodying the enterprising spirit of the private sector and using the power of economic markets to generate and deliver solutions to problems.

There is nothing particularly unique about the qualifications of social entrepreneurship that make it an attractive alternative to purely private or purely public approaches to social and environmental problem solving.

The difference between social entrepreneurs, government officials, and private business people relative to their passion is the source of that passion, i.e., the values that underlie it.

Social entrepreneurship is bureaucratic, not nimble.

Social entrepreneurs understand that social and environmental solutions have limited periods of effectiveness which are always changing, so agility in adapting to change is crucial.

The focus of social entrepreneurs is systematic change, yielding short-term benefits

The public and private sectors are typically focused on collaborative relationships and coordination of efforts to resolve the most critical social needs.

Social ventures that are for-profit in their structure and those that are nonprofit, but engaged in earned income activities both put mission above revenue to ensure society's interests prevail over self-interest.

The "shareholders" of social ventures are the people who are invested in the successful solution of the problem they address and this avoids misalignment between the goals of the venture and the goals of the segment of society it serves.

Give the definition of social entrepreneurship that is used in his book.

Bornstein identified five key changes that have made the social entrepreneurship phenomenon possible. Mention all five.

Which unique qualifications does social entrepreneurship possess that make it an attractive alternative to purely private or purely public approaches to social and environmental problem solving?

What is the crucial factor in social entrepreneurship, when we talk about building, maintaining, and utilizing social capital?