Deck 12: The Social Entrepreneurship Support Ecosystem

Question 1

What is an entrepreneurial ecosystem?

A) It refers to the economic orientation of entrepreneurs
B) It refers to the ecological orientation of entrepreneurs
C) It refers to the "habitat" of which entrepreneurs are a part.
D) It refers to the biological behavior of entrepreneurs

Answer 1

C

Question 2

The "entrepreneurial community" is another perspective on the entrepreneurial ecosystem. What is not a characteristic of entrepreneurial communities?

A) A culture of support in the community.
B) A beneficial infrastructure
C) A healthy degree of competition
D) A supportive government

Answer 2

C

Question 3

"Entrepreneurial communities" engage in specific behaviors that can be categorized as follows:

A) (1) A "critical mass" of entrepreneurs engaged in market-producing or renewing activities; (2) a distinct "community" of entrepreneurs within this critical mass of activity that is identifiable to the larger community or region; and (3) entrepreneurial thinking and acting by all members of the community-nonprofit, private, and public- that fosters creativity and innovation.
B) (1) A "critical mass" of entrepreneurs engaged in stabilizing economic circumstances; (2) a distinct "community" of entrepreneurs outside this critical mass of activity that is identifiable to the larger community or region; and (3) entrepreneurial thinking and acting by all members of the community - nonprofit, private, and public- that fosters creativity and innovation.
C) (1) A "critical mass" of entrepreneurs engaged in market-producing or renewing activities; (2) a distinct "community" of entrepreneurs within this critical mass of activity that is identifiable to the larger community or region; and (3) entrepreneurial thinking and acting by the entrepreneurs in the community that fosters creativity and innovation.
D) (1) A "critical mass" of entrepreneurs engaged in stabilizing economic circumstances; (2) a distinct "community" of entrepreneurs within this critical mass of activity that is identifiable to the larger community or region; and (3) entrepreneurial thinking and acting by the entrepreneurs in the community-nonprofit, private, and public-that fosters creativity and innovation.

Answer 3

A

Question 4

One tool that could be readily applied to assessing the needs of social entrepreneurs (as well) is the Entrepreneurial-needs Diagnostic Matrix. Which variables are on the horizontal axis and the vertical axis, respectively?

A) Opportunities and Required resource
B) Obstacles and Required resource
C) Obstacles and Personal competencies
D) Opportunities and Personal competencies

Question 5

What is an adequate description of an incubator for start-up enterprises, from the local economic development world perspective?

A) A tactic in a strategy to foster community economic development through nurturing the creation and growth of small for-profit businesses
B) A tactic in a strategy to foster community economic development through nurturing the creation and growth of small, medium-sized and large businesses
C) A tactic in a strategy to foster community economic development through excluding small for-profit businesses
D) A tactic in a strategy to foster community social development through nurturing the creation and growth of small for-profit businesses

Question 6

What is a common package of services offered by true business incubators to their client entrepreneurs?

A) Space for business operations that can be expanded or reproduced based on need; business development services that can include access to information, counseling, training, and coaching; assistance in finding finance
B) Space for business operations that can be expanded or reproduced based on need; business services that can be shared by all of the businesses in the incubator; the opportunity to network among entrepreneurs operating within the incubator facility
C) Space for business operations that can be expanded or reproduced based on need; business development services that can include access to information, counseling, training, and coaching; the opportunity to network among entrepreneurs operating within the incubator facility
D) All three answers apply

Question 7

What is the very simple concept behind co-working (which has much in common with incubators)?

A) Entrepreneurs benefit from face-to-face interaction with other entrepreneurs
B) Entrepreneurs benefit from face-to-face interaction with non-entrepreneurs
C) Entrepreneurs benefit from distance interaction with other entrepreneurs
D) Entrepreneurs benefit from distance interaction with non-entrepreneurs

Question 8

Why are social venture's philanthropies (SVPs) important players in the social entrepreneurship support ecosystem?

A) Because these organizations use a venture capital model in making investments in social entrepreneurs and their ventures
B) Because these organizations offer investment-makings for social entrepreneurs and their ventures
C) Because these organizations support fledgling businesses until they are strong enough to operate on their own
D) Because these organizations attempt to speed up a start-ups development process by intensively infusing resources

Question 9

Which statement is right?

A) ROI is the only SROI most SVPs are interested in
B) SROI is the only ROI most SVPs are interested in
C) Most SVPs are interested in both SROI and ROI equally
D) Most SVPs are not interested in ROI nor in SROI

Question 10

Lyons and Lichtenstein argued that communities should treat their social entrepreneurs and their enterprises as a "portfolio" of social businesses assets and manage that portfolio appropriately. They recommended thinking of the goings-on of these social entrepreneurs and enterprises as pipeline of social entrepreneurship activity in terms of…?

A) Width and length
B) Horizontal and vertical
C) Volume and flow
D) Night and day

Question 11

An entrepreneurial ecosystem refers to the "habitat" of which entrepreneurs are a part.

Question 12

The "entrepreneurial community" is not another perspective on the entrepreneurial ecosystem.

Question 13

A "critical mass" of entrepreneurs engaged in market-producing or renewing activities is an aspect of "entrepreneurial communities."

Question 14

"Entrepreneurial communities" do not engage in specific behaviors that can be (amongst others) categorized as follows: entrepreneurial thinking and acting by all members of the community-nonprofit, private, and public-that fosters creativity and innovation.

Question 15

The mission of the Ewing Marion Kauffman Foundation is to promote entrepreneurship.

Question 16

Core competencies/skills are one of the required resources in the Entrepreneurial-needs Diagnostic Matrix

Question 17

Feasibility is one of the obstacles in the Entrepreneurial-needs Diagnostic Matrix

Question 18

Business development services that include access to information, counseling, training, and coaching can be provided by a full service incubator.

Question 19

The time of incubation is greatly extended with an accelerator.

Question 20

A co-working space offers entrepreneurs a face-to-face interaction with other entrepreneurs.

Question 21

The work of Porter (1985) and others on industry clusters was an early way of thinking about the business ecosystem, with its focus on…?

Question 22

Mention five characteristics of entrepreneurial communities.

Question 23

Entrepreneurial communities, as engaging in specific behaviors, can be categorized with which three aspects?

Question 24

Make a sketch of the Entrepreneurial-needs Diagnostic Matrix

Question 25

What are the two main differences when virtual communities are compared with dedicated space in which to collaborate for social entrepreneurs?

Question 26

In the text, it is suggested that there is a need to create support ecosystems for social entrepreneurs. It is also suggested that this may require hybrid thinking. What is meant by hybrid thinking? Give two examples and briefly explain them.

Question 27

Business accelerators attempt to speed up a start-up's development process. If you were the manager of a business accelerator for social entrepreneurs, which indicator of business growth would you emphasize? Why?

Question 28

Entrepreneurial ecosystems differ in terms of vibrancy, in terms of their liveliness. How would you measure the vibrancy of a Social Entrepreneurship Support Ecosystem? Start your essay in an abstract way and develop your essay towards a very specific and measurable indicator.