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Understanding Social Enterprises

We have developed self-assessment quizzes which are not assessed, and you can attempt the questions as many times it takes to answer correctly.

  1. Social entrepreneurship is a field that is distinct from the broader field of entrepreneurship because:
    1. social entrepreneurs aren’t looking to set up an organisational form, whereas traditional entrepreneurs are
    2. innovation is inherent to social entrepreneurship, but not to entrepreneurship
    3. social entrepreneurs don’t attempt to scale up their initiatives, but entrepreneurs typically attempt to scale up
    4. creating both social and economic value is a complex process that social entrepreneurs tackle, whereas entrepreneurs are typically driven to attain economic (profit-driven) outcomes
  2. Social innovation is significant within socially entrepreneurial activity because:
    1. it makes a social enterprise viable, without it, a social enterprise will fail
    2. it minimises the impact that contextual factors may have on the socially entrepreneurial activity
    3. it is the one key component that leads to social entrepreneurship
    4. it is inherent to the processes by which social entrepreneurs use resources in new ways and ultimately can lead to system-level change
  3. Which of the following statements best describe social enterprise?
    1. Social enterprises do not strive to generate profits
    2. Social enterprises are driven by a primary desire to generate social impact, and they engage in trading activities to support their social mission
    3. Social enterprises sell goods and services, these activities only take up a minor part of their overall business model
    4. All social enterprises operate as a non-profit
  4. In order to be socially innovative, an idea must be totally original (not already thought of or applied elsewhere).
    1. True
    2. False

 

Answers

1 – (4) Social enterprises juggle both value appropriation (financial sustainability) and a value creation (social sustainability) objectives

2 – (4) Yes Social innovation supports socially entrepreneurial behaviour.

3 – (2) These are fundamental characteristics of social enterprise are inherent within most definitions of social enterprise

4 – (2) We hope you are now basically aware of Social Enterprises

 

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