Social Entrepreneurship Midterm – Flashcards
Unlock all answers in this set
Unlock answersquestion
social entrepreneurship
answer
world's most significant problems; sustainable, independence; benefit society; long term: self agency, take self out; solutions; network system
question
creative destruction
answer
destroy old way of doing something to come up with a new creative way; only way to really improve life; (ex: Henry Ford, Steve Jobs)
question
enterprise development
answer
business with a social purpose as the primary goal; common purpose, goal oriented; has owners and employees; can be profit making ; hierarchical
question
Schumpeter
answer
not about price, but innovation; entrepreneurship at center; constant change (capitalism-big business-entrepreneurship dies-culture dies-capitalism dies)
question
Kirzner
answer
'human action' vs 'economizing'; entrepreneur notices opportunities, perceives information, frames goals and constraints, acts; moves economy towards equilibrium by focusing on market process
question
Peter Drucker
answer
father of management science; innovation ; entrepreneurship systematically; companies should be engaged; look at failures and successes and ask why
question
Fridtjof Nansen
answer
theory of polar drift; diplomat; humanitarian; innovations; refugee assistance, law, development, Nansen passport; had failures; long lasting legacy
question
innovation
answer
necessary for both business and social entrepreneurship
question
humanitarians
answer
Fridtjof Nansen
question
saints
answer
St. Francis
question
limited liability corporations
answer
separate self from company; take risks; can't be personally sued; allows bankruptcy; personal protection
question
non-profit sectors
answer
tax status; goal not to make profit but run by mission; donations tax deductible; doesn't work in countries without tax system
question
non-governmental organizations
answer
private; voluntary; members; active citizenship; common purpose, goal oriented; non-violent means; national, international, community
question
charities
answer
can create dependence; immediate change; donations from 'members'; see a need and try to respond; can create compassion fatigue
question
aid agencies
answer
NGOs ; IGOs - working together; gives aid for particular problems; more generic
question
agents and agency
answer
agent - individual who makes a change; agency - ability to do for oneself, can take steps to change their situation
question
structure and environment
answer
constrains agency (Zimbabwe - women constraints); agents can change their environment; emphasizes agency, but admits structure and environment are relevant and need to be addressed
question
Grameen bank
answer
Muhammad Yunus; help poor overcome poverty; micro-credit; full-fledged bank; helps alleviate poverty; close relationships between individual and bank
question
micro-credit
answer
lend small amounts to poor; groups (of 5) work together to pay back loans; low interest rates and no collateral; frequently to women
question
Ashoka
answer
Bill Drayton (connector); anyone can apply skills to solve social problems; support social entrepreneurs; believes anyone can learn; micro-credit; Ashoka fellows; began in India, now multiple countries; grants of a certain amount, not endless; tried to create best business model they could
question
Skoll Foundation
answer
Jeff Skoll (eBay); connecting social entrepreneurs and innovators who help solve world's most pressing problems; works with already formed organizations; Entrepreneurship Awards - evaluation to increase innovation; build network of social entrepreneurs; larger than Ashoka; endless grants
question
social vs. business entrepreneurship
answer
business: for profit, not always innovative, hierarchical system, engage in the market (product, prices, strategy); social: non-profit, innovative, network system
question
entrepreneur
answer
someone who, through his or her skills and passion, creates a business and is willing to take full accountability for its success or failure
question
intrapreneur
answer
acting like an entrepreneur within a larger established organization, innovative, has ideas to expand/improve, work at large institutions
question
social entrepreneurship vs. government or public sector
answer
government doesn't always try to create change, implement things and organize groups, don't have to be entrepreneurial; social entrepreneurship is NGOs and more sustainable, innovative, creating sustainable change
question
social entrepreneurship vs. advocacy or activism
answer
advocacy/activism - social change, points out problem, doesn't create solution; social entrepreneurship - more sustainable, solutions to problems
question
social entrepreneurship and civil society and democracy
answer
after the Civil War there was more openness and democracy made innovation and collaboration more accessible - made social entrepreneurship possible
question
traits of a social entrepreneur
answer
sustainability; compassion/driven/desire for social change; innovation - using technology for advancement; institutionalized learning; persistence/determination - keep going even with issues; addresses issues of globalization and tries to affect changes through a global context examples: women, children, Africa
