BREIS,RHEALYN C SOCIAL ENTREPRENEUERSHIP

BSE-1A JUNE 12 2023

ACTIVITY 3

✔ Checklist
Read the following points and indicate whether or not you have
understood them. If you have understood them, put a tick (✔) mark
under the ‘Yes’ column. If your answer is "no," go back to that topic
and read it again until you fully understand it.

Points Y N
o

N
e
s
I can elaborate on the origin and development of social ✔ ✔ ✔
entrepreneurship.
I can define social entrepreneurship.
✔
I can explain what social entrepreneurs do.
✔
I can discuss the opportunities for social
entrepreneurship. ✔
I can elaborate on the social entrepreneurship process. ✔
I can distinguish between myths about social
entrepreneurship.
✔
I can explain what social entrepreneurship is and what it
is not ✔

3.11 Review Questions

i. Discuss the origin and development of social entrepreneurship.
Its origins can be traced to the early 1980s, starting with a business trend called
cause-related marketing. open_in_new Businesses realized their customers cared
about specific issues, so they began supporting social issues to help increase
customer loyalty and attract new customer
 ii. Explain and analyze the process of social entrepreneurship.
It is useful to break the entrepreneurial process into five phases: idea generation,
opportunity evaluation, planning, company formation/launch and growth. These phases
are summarized in this table, and the Opportunity Evaluation and Planning steps are
expanded in greater detail below.
iii. Explain how myths of social entrepreneurship affect social
entrepreneurship.
Social entrepreneurship has become a buzzword in recent years, with more and more
people exploring this path to make a difference in society while also running a business.
However, as with any new and trendy concept, social entrepreneurship comes with its
own set of myths and misconceptions. These myths can be a barrier to entry for aspiring
social entrepreneurs, and can also lead to misunderstanding and misinterpretation of the
concept itself.
iv. development and give recommendations to avoid them.
The truth, however, is that our beliefs are the result of a process that begins within us.
Once we adopt this mindset, we are better equipped to drive away the negative thoughts
that don't serve us—and likely aren't true to begin with.
v. Critically explain what social business is and what it is not.
A social enterprise is a business with social objectives. Maximizing profits is not the
primary goal of a social enterprise as is with a traditional business. Unlike a charity,
social enterprises pursue endeavors that generate revenues, which fund their social
causes
vi. Discuss unique characteristics
Every entrepreneuers has social characteristics that can fit to build a successful
business Social enterprise or entrepreneurship enables entrepreneurs to combine
commerce with social and environmental issues to improve community well-being.
Their work areas include microfinance, education, health, and sanitation, among
others. These entrepreneurs persuade communities, large corporations, and
governments to promote social transformation and growth in addition to
alleviating unmet needs and social problems within communities.
vii. Collect relevant information about any microcredit organization.
a microfinance institution is a provider of credit. However, the size of the loans are
smaller than those granted by traditional banks. These small loans are known as
microcredit. Micro credit refers to credit and other financial services provided to the poor
through Self Help Groups (SHGs) and non government organisations.
viii. Discuss your work with your classmates