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entrepreneurship

Questions and Answers of Entrepreneurship

Consider how the concept of “social supermarkets”—like Community Shop—could be successfully scaled in developing countries.
Identify some of the key benefits for a social venture that is planning to scale.
What are the benefits of branching and affiliation?
Explain why social ventures must assess their readiness to scale.
Describe the key elements of the SCALERS model.
What are the benefits and limitations of social franchising?
What are the main differences between branching and affiliation as strategies for growing a social venture?
What are the potential drawbacks of scaling a social venture?
What are the benefits of scaling a social venture?
Under what conditions should a social venture scale up? Under what conditions should a social venture scale deep?
Explain the difference between scaling deep and scaling up.
Scaling a social venture is often viewed as a difficult task. Which steps and strategies do you think could help facilitate the scaling of social ventures?
Catherine owns a small social venture that helps disadvantaged kids in her neighborhood. The venture has been doing pretty well and Catherine is contemplating scaling it to other neighborhoods in the
Describe a social venture with which you are familiar and explain how the SCALERS model could help scale its activities. Should the model be applied as it is or should it be refined? Explain.
Watch the video at www.youtube.com/watch?v=tPZ9tiDEuG0 and answer the following questions. Why is it important for social ventures to scale their activities? What are the challenges of social
Sue owns a social venture that focuses on providing free books to disadvantaged children in her city. The social venture has been successful in donating books to high school students in the poor
How would you apply the five Rs in helping this social venture to scale its activities?
How could the SCALERS model help this social venture scale its activities throughout Africa?
If you were a consultant to Twaweza, how would you help it build its capacities before thinking about scaling its operations in other African countries?
What do you think of Rakesh Rajani’s decision to leave Twaweza for the Ford Foundation? Was it a good move to contribute to open governance?Yes? No? Explain.
According to Dr. Bernstein, Eniware Sterile is a for-profit venture with a social mission. Do you believe that for-profit businesses can pursue both an economic motive and a social impact mission
How might building strategic alliances contribute to the scaling of the EPS?
How might the EPS be scaled in the developing world using the SCALERS model?
Watch the interview with Dr. James Bernstein at www.youtube.com/watch?v=S62siLeYaP0 and identify the reasons behind the invention and commercialization of the EPS.
Why do you think a multidimensional approach to measuring effectiveness is appropriate for social ventures?
Explain the importance of the balanced scorecard for social ventures.
Explain the key assumptions of Jackson’ model of organizational effectiveness and indicate its relevance for measuring the effectiveness of a social venture.
Explain the key assumptions of Ridley and Mendoza’s model and indicate its relevance for measuring the effectiveness of a social venture.
Explain Bhargava and Sinha’s multi-dimensional model and indicate its relevance for measuring the effectiveness of a social venture.
Explain the key assumptions of Kushner and Poole’s model. Indicate its relevance for measuring the effectiveness of a social venture.
Explain the key assumptions of the social constructionist perspective of organizational effectiveness.
Explain the importance of efficiency for a social venture. What signal can an efficient social venture send to potential donors and investors?
What is organizational efficiency?
What is organizational effectiveness?
Use Kushner and Poole’s model to assess the effectiveness of a social venture with which you are familiar. If you are not familiar with any social ventures, do some research online or select one
Watch the video at www.youtube.com/watch?v=1Oe5gws7irY. Based on your understanding of the terms “effectiveness” and “efficiency,” explain when a social venture is effective and when it is
Do additional research on the multiple-constituency model and determine how it could be applied to the assessment of a social venture with which you are familiar. Identify the key stakeholders.
Suppose you are the manager of a new social venture that aims to help reduce illiteracy rates in an African country. How would you measure the effectiveness of your social venture? What metrics would
The balanced scorecard has been considered as an appropriate measure to assess the effectiveness of social ventures and other nonprofit organizations. Select a social venture with which you are
If FlipGive works towards raising money for fundraisers, why don’t all companies sell products through FlipGive?
What is the overall mission of FlipGive?
Do you think people would rather purchase through FlipGive? Why, or why not? Would you personally use FlipGive?
How does FlipGive sustain itself?
How would Ridley and Mendoza’s model apply to Forex Chile?
How would the multiple-constituency model apply to Forex Chile?
Would you consider Forex Chile as an effective organization when considering its efforts to educate Chileans about online investing?
How would you apply the balanced scorecard to assess the effectiveness of Forex Chile?
Explain the factors leading to potential conflict between paid employees and volunteers.
Discuss the importance of psychic income as a motivating factor.
Why do social ventures need volunteers?
Why do social ventures need paid employees?
Explain some of the challenges in the hiring and management of volunteers in social ventures.
Explain some of the challenges in the hiring and management of paid employees in social ventures.
What is signaling and what role does it play in adding legitimacy to a nascent social venture?
Explain why selecting a well-known and highly respected board of advisers is likely to add legitimacy to a nascent social venture.
Explain why selecting a well-known and highly respected board of directors is likely to add legitimacy to a nascent social venture.
Do you think that there is an ideal number for a social venture founding team? Why do you think a large number would be detrimental?
Jennifer graduated from college with an MBA. After working for ten years in a large corporation, she decided to start a hybrid social venture along with her husband and a friend. She is contemplating
Your friend John has just created a new social venture which aims to tackle homelessness in his city. He is thinking about creating a board of advisers for his venture and comes to you for
Mark is the founder and president of a social venture in your community.He employs both paid employees and volunteers, and has recently observed conflict between these two groups. He comes to you for
volunteers. Sue wonders how she might motivate her volunteers since she does not have the financial resources to pay them. She comes to you for advice. Particularly, she would like you to develop a
Sue recently started a social venture aimed at increasing school retention in inner-city schools in the United States. The venture employs five paid employees and
Suppose that you have recently started a new social venture with two friends. As you contemplate adding employees to your venture, one of your friends tells you that you need to develop a skills
What role did leadership play in the creation of We Care Solar? Would you consider Dr. Stachel an effective leader? Yes, No? Explain.
Visit the website of We Care Solar at www.wecaresolar.org and discuss whether this social venture is using volunteers. For what activities are volunteers used?
Describe the background of the founding team of We Care Solar. What skills and experience were useful in launching and making this social venture successful?
Visit the website of We Care Solar at www.wecaresolar.org and explain how you could help this organization accomplish its social mission.
Visit the website of Sustainable Health Enterprises and look at the board of directors. What signal do you think this board sends regarding the quality of management at Sustainable Health Enterprises?
Identify the different stakeholders of Sustainable Health Enterprises. How are the interests of each served?
Visit the website of Sustainable Health Enterprises(http://sheinnovates.com). What can you say about its top management team?
Watch the YouTube video at https://www.youtube.com/watch?v=GfTsnBykBTE. After listening to Elizabeth Scharpf’s interview, explain the source of her idea.
What types of social ventures are likely to use microfinancing?
Discuss the process of crowdfunding and its importance in funding social ventures.
Should financial metrics be used to determine the worth of a social venture(yes or no)? Explain.
Why do high administrative costs rarely impede the financial sustainability of a social venture, according to Tuckman and Chang?
Under what conditions do you think a social entrepreneur would be well advised to use his or her personal funds?
Do you think that it makes sense to use the terms “surplus” and “deficit”rather than “profit” and “loss” when drafting a purely philanthropic social venture’s income statement?
What is bootstrapping and how can it help a social entrepreneur start and run a social venture?
Discuss the purpose of the statement of cash flow for social ventures.
Discuss the purpose of the balance sheet for social ventures.
Discuss the purpose of the income statement for social ventures.
Do some research on the internet to identify institutions that provide microfinance. What activities do they finance? Could microfinance be a reliable source of social venture financing?
Financial ratio analysis is often performed by commercial ventures.Explain why social entrepreneurs should also utilize it when assessing the financial sustainability of their ventures.
John, a friend of yours, has asked you to help him understand the importance of financial statements for his new social venture. He wonders whether he should include pro forma financial statements on
The Global Impact Investment Network (GIIN) is a nonprofit organization dedicated to improving the effectiveness of social investments. Visit its website at www.thegiin.org and discuss the benefits
Visit the Investors’ Circle website at www.investorscircle.net and click on“Entrepreneurs,” then click on “Funding Process.” Identify the key issues involved in Investors’ Circle’s
Watch the interview of Rodney Schwartz on YouTube at:https://www.youtube.com/watch?v=IDqgEnJa470. How would you describe his view on social impact investing?
What does ClearlySo believe its social mission is?
Why do you think some investors care about the impact of their investment?
Explain the concept of impact investing.
Watch the YouTube video at https://www.youtube.com/watch?v=z13P4PmYsvY. Would you donate to the Global Soap Project? Yes?No? Explain.
If you were a consultant to Global Soap Project, what would you advise to make this project financially viable?
Is the strategy of Global Soap Project that consists of not charging any fees to the local NGOs that distribute the soaps to vulnerable populations financially sound?
Do some research on how the Global Soap Project is funded including visiting its website at www.globalsoap.org.
Explain each of the four components of a social marketing campaign.
Explain the differences and similarities between selling a product or service in a commercial venture and selling a product or service in a social venture.
Explain how understanding marketing concepts and techniques could help social ventures design more effective products or services.
Explain why social ventures should integrate the four Ps in their marketing campaigns.
Identify the difference(s) between social marketing and commercial marketing.
Discuss the importance of social media for social ventures.

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