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