Deck 14: Social Entrepreneurship: an Overview

Question 1

A formative evaluation is conducted prior to forming a social entrepreneurship venture.

Answer 1

False

Question 2

All worthy social ventures should go to scale.

Answer 2

False

Question 3

Social entrepreneurship ventures always create systemic change.

Answer 3

False

Question 4

Many social ventures are nonprofit organizations.

Question 5

The Global Entrepreneurship Monitor offers a way to classify social ventures.

Question 6

Some social ventures simply imitate other such ventures.

Question 7

Simply imitating a social venture is not social entrepreneurship.

Question 8

Identifying an opportunity for a social venture always results from a deliberate process.

Question 9

Social entrepreneurship ventures require a longitudinal evaluation as part of the logic model.

Question 10

The ability to articulate a venture's social values is helpful for evaluating its performance.

Question 11

Social entrepreneurship creates social value and/or social change.

Question 12

Because so many people want to be social entrepreneurs it is easy to expand a highly successful social venture.

Question 13

Social entrepreneurship is primarily concerned with profits.

Question 14

Nonprofit organizations cannot be financially evaluated, because they do not produce financial profits.

Question 15

Because social entrepreneurial ventures serve social ends they do not need to be financially viable.

Question 16

A summative evaluation is conducted following completion of a social entrepreneurship program.

Question 17

Corporate social responsibility is an example of social entrepreneurship.

Question 18

Hybrid social ventures have a revenue-generating component.

Question 19

A theory of change describes how one intends to use available resources to make a societal improvement.

Question 20

A logic model provides the financial details of a social venture.

Question 21

Many social entrepreneurs have created systemic change.

Question 22

What is the most social impact focused type of social venture?

A)Enterprising nonprofit
B)Traditional venture
C)Hybrid
D)Social purpose
E)Social consequence

Question 23

One reason to become a Certified B Corporation is to;

A)Create a material positive impact on society and the environment
B)Expand fiduciary duties of directors that requires consideration of non-financial interests
C)Signal its commitment to economic and social impacts
D)A & C only
E)All of the above

Question 24

Gaining certification as a C Corporations is considered a strong demonstration of social commitment for an enterprising nonprofit.

Question 25

Impact measures drive a venture's strategy.

Question 26

What would be the typology be of a venture that is focused on increasing the supply of affordable housing that uses a business model designed to lowers the cost of producing housing so that it can sell homes at a price more lower income families can afford?

A)Hybrid
B)Social Purpose
C)Social Consequence
D)Traditional Venture
E)Enterprising Non-Profit

Question 27

The Timmons Model will be affected by the choice of Social venture type.

Question 28

Why is a Hybrid a form of social entrepreneurship?

A)It creates both social and economic value.
B)It is able to make a profit.
C)It competes with for-profit companies.
D)Schumpeter created the first model.
E)It can be organized anywhere worldwide.

Question 29

What experience best qualified Jim Poss to start Big Belly Solar?

A)Preparing a business plan
B)His knowledge of the trash industry
C)His studies in social entrepreneurship
D)None of the above

Question 30

In keeping with process-oriented definitions of social entrepreneurship; social wealth is defined broadly to include:

A)economic, societal, health, and climatic aspects of human welfare
B)economic, societal, health, and environmental aspects of human welfare
C)diplomatic, societal, dental, and environmental aspects of human welfare
D)economic, spiritual, health, and environmental aspects of human welfare

Question 31

Which of the following is NOT one of the assumptions about creating new ventures that has recently changed?

A)Until the 1990s, energy was relatively expensive
B)Labor was widely available and, in some countries, cheap.
C)Access to credit to start businesses was relatively easy.
D)The information needed to start a business was available with a computer, phone, and internet connection.

Question 32

Which of the following changes will impact all three portions of the Timmons Model?

A)A change in the venture mission
B)A change in the venture's impact
C)A change in both the venture's mission and impact
D)Only the shift from a traditional venture to another quadrant
E)Any of the above

Question 33

According to a 2010 Global Entrepreneurship Monitor study, what percentages of entrepreneurs are pursuing primarily economic, AND how many are pursuing social & economic goals, respectively?

A)5% primarily economic; 46% social and economic
B)7.5% primarily economic; 46% social and economic
C)5% primarily economic; 42% social and economic
D)7.5% primarily economic; 42% social and economic

Question 34

Only successful and innovative social entrepreneurs enjoy real psychological rewards.

Question 35

Impact measures are an internal and external signal of a venture's values.

Question 36

Which of the following is essential in order to undertake a social venture?

A)An existing organizational model.
B)Receiving funding from a foundation.
C)Recognizing an opportunity.
D)Identifying a paying customer.
E)All of the above.

Question 37

According to entrepreneur-centric definitions, social entrepreneurs are:

A)The change agents for society, seizing overlooked opportunities by improving systems, inventing new approaches, and creating sustainable solutions to transform society for the better.
B)Constantly searching for superior ways to solve the problems that plague society.
C)Individuals with innovative solutions to society's most pressing social problems.
D)All of the above.

Question 38

Enterprising nonprofits distribute dividends to shareholders as long as social outcomes are being met.

Question 39

Why did Tricia Compas-Markman first start the DayOne Response?

A)To earn an economic profit.
B)To make her invention commercially available.
C)To provide free water.
D)To complete a degree requirement.
E)Because she was incentivized by a government grant to do so.

Question 40

What is usually the easiest step in social entrepreneurship?

A)Finding partners
B)Deciding the best form of organization
C)Closing down the enterprise
D)Identifying the opportunity
E)Getting funding

Question 41

How might a social entrepreneur be different from a classical entrepreneur?

Question 42

Why would shifting from one type of venture to another be challenging?

Question 43

What aspect of many large companies social impact has garnered the largest amount of negative media attention in recent years?

A)Corporate social responsibility initiatives
B)Supply chain operations
C)Employee incentive plans
D)Advertising campaigns

Question 44

Given what is understood about the objectives of different typologies, discuss some likely differences between boards of traditional ventures and enterprising non-profits.

Question 45

How is the social entrepreneur rewarded, if not by financial reward?

Question 46

Why might different countries have different needs for social entrepreneurship?

Question 47

What are the differences between measures of success for social ventures, as compared to for-profit companies?

Question 48

What are four types of social ventures?

Question 49

How might Triple Bottom Line be reflected in your ventures objectives?

Question 50

Discuss the interplay between the typology of any given venture and the Timmons model

Question 51

What would be some ways to identify social entrepreneurship opportunities?

Question 52

What are the three components of a Triple Bottom Line (TBL)objective statement?

A)Economic, Environmental, & Spiritual
B)Political, Environmental, & Social
C)Economic, Environmental, & Social
D)Economic, Organizational, & Social

Question 53

How might a social venture be more economically profitable than a for-profit company?

Question 54

Why is it difficult to measure the impact of social ventures.

A)Social problems are complex
B)Social problems often have multiple stakeholders
C)Different groups usually agree on the best approach
D)B & C only
E)A & B only

Question 55

Discuss how non-profits may have a competitive advantage in providing basic needs over a for profit company (use affordable housing as an example).

Question 56

Discuss some reasons why, given the choice, a social purpose venture may be able to have a larger impact than an enterprising non-profit.