Social Enterprise Chapter 6

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What is the definition of \”Social Enterprise Alliance (SEA)
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\”An organization or venture (within an organization) that advances a social mission through market-based strategies. These strategies include receiving earned income in direct exchange for a product, service or privilege.\”
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Explain the trend in social enterprise according to the survey/research.
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1. \”Nonprofits are becoming more ‘business-like’ in their strategies and income-generating activities.\” 2. \”For-profits show an increasing tendency to embrace and advance important social and environmental causes.\” 3. \”Fiscal challenges brought on by the recession might prompt more organizations to consider additional routes for generating added revenues.\” 4. \”It could cause them to delay taking the plunge because of financial uncertainty\” 5. \”Once organizations become engaged in social enterprise, they are likely to deepen their engagement over time.\”
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What are the top five social venture types according to the survey result?
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1. Education and training 2. Retail/thrift shop 3. Consulting services 4. Food services/catering 5. Arts venture
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What is the most common social venture structure, according to the survey?
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The most common social venture structure is education and training.
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Explain the source of capital for launching a social venture, according to the survey
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Donations from individuals are the second most common source of capital behind foundation grants.
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Explain the social enterprise that \”Shepherd Ministries\” launch. What is the biggest challenge this organization faced when they launched this enterprise.
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Shepherd Ministries launched Shepherds College, a post-secondary educational program for people with intellectual disabilities. Their biggest challenge was sales and marketing.
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What does Magnolia School in Jefferson, Louisiana, do in terms of social enterprise effort?
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Sharon Young, from Magnolia School, developed an arts program called The Dream Factory. This facility creates a supportive and challenging arts environment and enables participants to make money by selling their work in the Magnolia School’s retail gift shop and art show.
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What can an effective performance measurement system accomplish as a tool (in meeting stakeholders’ requirements while also empowering the organization to make internal decisions)?
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An effective performance measurement system \”enables corporations to collect data that identify potential improvements to their business models. By acting on this data, a company can ultimately increase its financial performance.\”
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Explain the phases of performance measurement system that is already up and running.
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1. Measure- track performance using selected indicators 2. Repost- Communicate performance internally and externally 3. Learn- Extract knowledge from the data, identify opportunities for improvement, and make data-driven decisions 4. Improve- Implement decision to improve activities and operations
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Explain the 3 categories of indicators for social enterprise’s performance measurement system
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1. Organizational health indicators- \”provides insight into the organizations’ capacity to carry out its mission including progress toward financial sustainability.\” Pg. 156 2. Program performance indicators- \”helps an organization assess the outputs or short-term results generated directly by its programs and activities.\” Pg. 156 3. Social and economic impact indicators- \”Allow an organization to assess its outcomes, that is, its longer-term progress in meeting its mission and realizing its vision of success.\”
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Explain management dashboards.
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\”The purpose of a dashboard is to provide a snapshot of the organizations’ progress on its way to its vision of success.\” It will include a list of indicators along with the goal markers and the end target the organization will work to achieve. Management dashboards are perfect for performance measurement systems

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