Discuss “social entrepreneurship” and describe the differences between entrepreneurial ventures and nonprofit organizations.

What will be an ideal response?


There has been some debate as to how to define social entrepreneurship. Some argue that all types of entrepreneurship are social, while others define it as purely an activity of the nonprofit sector. These blurred lines imply that entrepreneurs are forced to choose between making a social or an economic impact. We contend that social entrepreneurs can do both. It is possible to address a social issue and make a profit—keeping a company economically stable ensures its capability consistently meets the needs of its customers without relying on fundraising or other methods to keep it afloat. We therefore define social entrepreneurship as the process of sourcing innovative solutions for particular problems.

Business

You might also like to view...

When entering negotiation, a prepared negotiator will understand their own BATNA as well as the other party's BATNA.

Answer the following statement true (T) or false (F)

Business

NAFTA is an agreement among

A. Canada and the U.S. B. Mexico, Panama, Canada, and the U.S. C. Mexico, Canada, and the U.S. D. Mexico and the U.S.

Business

What is positive financial leverage?

What will be an ideal response?

Business

A machine with a cost of $234,000 and accumulated depreciation of $153,000 is sold for $63,000 cash.Required:Part a. Prepare the journal entry to record this transaction.Part b. Explain how this transaction would be reported on the statement of cash flows prepared using the indirect method.

What will be an ideal response?

Business