Deck 7: Opportunities for Social Entrepreneurship

Question 1

Corporate social responsibility (CSR),which emphasizes doing good and serving communities while still making a profit,provide good examples of hybrid models.

Answer 1

False

Question 2

Unlike traditional start-ups,social ventures do not typically use bootstrapping as a means of resource acquisition.

Answer 2

False

Question 3

Which of the following is not a characteristic of wicked problems?

A) You don't understand the problem until you have developed a solution
B) They come with a limited set of alternative solutions
C) Every problem is unique and novel
D) All of the above are characteristics of wicked problems

Answer 3

B

Question 4

The Grameen Bank in Bangladesh is involved in what?

A) Microlending
B) Social venture capital
C) Collateralized loans in poor communities
D) All of the above

Question 5

What is SVC?

A) Socially Viable Corporation
B) Social Venture Capital
C) Social Venture Commitment
D) Socially Variable Concept

Question 6

Investments in for-profit ventures that take into consideration social and environmental returns are referred to as what?

A) Social Venture Commitments
B) Double bottom line
C) Triple bottom line
D) B and C

Question 7

Social innovations can have negative consequences for entire groups of stakeholders.

Question 8

________ is derived from entrepreneurial activities that seek to address problems related to people and problems related to the planet-regardless of profit orientation.

Question 9

There are probably more hybrid models than social ventures and enterprising nonprofits combined.

Question 10

Microlenders to the poorest of the poor must charge a high interest rate because of the high rate of defaults.

Question 11

Venture philanthropy provides value-added funding for nonprofit organizations to increase their potential for developing revenue streams.

Question 12

By definition,all entrepreneurship is social enterprising.

Question 13

Entrepreneurs do not have to choose between social and economic enterprise paths.

Question 14

Wicked problems have no right or wrong solutions.

Question 15

The mission of a social entrepreneur is to ________.

Question 16

Enterprising nonprofits always strive for which of the following?

A) Scalability
B) Sustainability
C) Revenue
D) All of the above

Question 17

What primary purpose does the brain trust serve with social entrepreneurship?

A) Collaboration across boundaries
B) Funding support
C) High-engagement oversight
D) All of the above

Question 18

In the early 1970s the notion of wicked problems emerged out of the complexity of resolving issues related to what?

A) Inflation
B) Oil shortages
C) Urban and governmental planning
D) All of the above

Question 19

The primary difference between traditional entrepreneurship and social entrepreneurship is the profit motive.

Question 20

Why is access to capital an increasing challenge to social entrepreneurs?

A) Investors prefer more traditional venture models.
B) Scalability issues.
C) Competition from other social ventures.
D) All of the above.

Question 21

In the early 1970s the notion of wicked problems emerged out of the ________ of resolving issues related to urban and governmental planning.

Question 22

Enterprising nonprofits may incorporate outside investment,in the form of __________,to scale the organization for increased social impact.

Question 23

Using the Grameen Bank in Bangladesh as an example,explain how microlending works.

Question 24

Name three pressing social problems that could provide opportunity spaces for social entrepreneurs.

Question 25

A venture firm that invests in early-stage companies operating in one of four areas of social concern would be called a ________ fund.

Question 26

Venture philanthropy is a blend of financial assistance with a high level of ________ by the funder.

Question 27

How do social and enterprising nonprofits differ from hybrid models?

Question 28

Venture philanthropists have a close,hands-on relationship with the social entrepreneurs and ventures they support,driving innovative and scalable models of social change.This is known as ________ venture philanthropy.

Question 29

What is the mission of social entrepreneurship?

Question 30

Wicked problems do not have a predetermined ________ so the social entrepreneur is forced to make rational choices based on a rigorous evaluation of trade-offs.

Question 31

The primary difference between traditional entrepreneurship and social entrepreneurship is the __________.

Question 32

________ provides value-added funding for nonprofit organizations to increase their potential for social impact.

Question 33

What are the two types of enterprising nonprofits and how do they differ?

Question 34

The focus of a ________ fund is typically economic development and job creation in impoverished areas.

Question 35

Why are firms with CSR practices not considered hybrid models?