Questions and Answers of Entrepreneurship

Think about companies you admire or aspire to be similar to. Go to two or three websites and look at their missions. Is their mission primarily economic, social, or both? Next, see if you can find
started realizing there are things that I need to do that are more important than gangbanging and wasting my life in the streets.Even though I felt stuck in it. Even though there were 10 dudes that
There are many self‐assessment exercises on the web that indicate whether you have the skills necessary to be a successful entrepreneur. The reality is that these exercises often tell more about
What life events might trigger your entrepreneurial career?
What ideas do you have for a new business?a. What ideas can you draw from your past work experience?b. What ideas can you draw from your family’s work experience?
Which of your personal attributes will most help you succeed as an entrepreneur?
Which attributes do you think you need to further develop?
Who are your entrepreneurial role models? Can you foster any of them into mentors?
Is your idea an opportunity? Explain.
Is the timing right to launch your venture?
What are some cost‐effective ways for you to get started?
Five years after buying his first sewing machine, Scott Hunter was telling friends about the conversation with Yvon Chouinard, the legendary rock climber and environmental advocate who founded the
As Emily Levy began to settle into her seat on a crowded train from Penn Station to Boston, a four‐plus‐hour commute that was now becoming a frequent event, she began to think of how far the
What do you think will be the next major innovation (that changes the way we live, work, and play)? Search the Web to identify trends, statistics, and other evidence to support your insight.
Review the information on YouTube in this section of the chapter and conduct your own research. What evidence is there that beginning with the end in mind was part of YouTube’s founders original
Think of at least three entrepreneurial firms, not listed in Table 5.1, that benefit greatly from their Internet domain names.In each case, to what extent do you think the strength of their Internet
Of the “You Be the VC” features included in Chapters 1 through 7 of this book, which do you think has the best name for its business, and which do you think has the worst name? Explain your
What are the main benefts of measuring a venture’s social impact? Why is measuring social impact so important in comparison to traditional entrepreneurial start-ups?
How can measuring a frm’s social impact have an infuence on making sure the venture is effective in staying true to its mission?
Given an already established social venture that you are aware of, what recommendations would you make as the social entrepreneur concerned begins to measure her or his impact?
With the social venture identifed in question 3 in mind, consider the three or four key outcomes that they should be measuring over time. What method would you recommend to the social entrepreneur to
What suggestions would you make to a nascent social entrepreneur to make her or him more effective in marketing and communicating social impact across various stakeholders?
In your opinion, is it possible for a social venture to grow too large? If not, why not? If so, under what circumstances might this be the case?
What is the difference between growth and development? How can and should they be related?
A nonproft social venture with a mission to help autistic people to better assimilate into their larger community wants to expand its operations by locating a home for autistic adults in a
Does a social entrepreneur have a moral obligation to grow her or his venture? Why, or why not?
Explain the concept you developed, Blended Value, and why you believe it is important for businesses to pursue f nancial performance with social/environmental impact.
How did you f rst become interested in social impact and Blended Value?
What role do philanthropic foundations play in the future of Blended Value?
Given the political climate in the United States and the uncertainty of government funding for social programs, what role should major corporations play in creating social value? How can businesses
What are some of the obstacles or mistakes you have seen frms confront with regard to the pursuit of Blended Value?
What trends have you identifed in impact investing, and what potential do you see for the feld? How do you think that Millennials’ “coming of age” will infuence the mainstreaming of impact
What do students need to know about Blended Value as they enter organizations or create new ventures?
You have noted that Millennials seek proft with purpose. How can business schools effectively prepare students to achieve this goal?
How can students add value from the frst day on the job? What training and/or skillsets and/or mindsets do they need ahead of time?
How do the environments of for-proft and nonproft organizations differ from each other? What are the advantages and disadvantages of each as they relate to fostering social intrapreneurship? Do you
According to some observers, the lines between corporate social entrepreneurship and CSR are becoming increasingly blurred. Do you agree? Why or why not?
Which do you fnd personally more attractive, social entrepreneurship or social intrapreneurship? Explain your answer.
What are your thoughts on shared value? Is it the best explanation for social intrapreneurship? Is it sustainable? Explain.
What do you think are some of the greatest environmental challenges facing our world today? Those facing your own community?
What is the “Tragedy of the Commons”? How is it present today?
Choose a green opportunity from the ones listed in the chapter. How would you go about launching this opportunity?
Discuss the importance of conducting a sSWOT analysis.Apply the guide to your own green opportunity identif ed in #3.
A recent study by the Global Entrepreneurship Monitor (GEM) project found that a major impediment to more people launching their own businesses is self-effcacy. Do you think this is also true for
Does your community have a social entrepreneurship support ecosystem? If so, “map” it by listing the various support organizations in it. Are these organizations networked in any way? How would
As is noted in this chapter, agency has been favored over context in entrepreneurship education. Arguably, this is no less true for entrepreneurship research. In your opinion, what is the proper
The examples of social ventures provided in this chapter appear to owe their success, in part, to engaging local benefciaries and building their capacity to help themselves. Is this unique to social
Is social entrepreneurship led by individuals from outside the affected context appropriate? If so, under what circumstances? If not, why not?
In your opinion, what is the most effective relationship between social entrepreneurs and international aid organizations?
What do the social ventures described in this chapter tell us about hybrid organizational and funding models in developing countries?
After almost 20 years of a lucrative career on Wall Street, what led you to the social impact space?
What inspired and motivated you to start one of the frst social entrepreneurship programs in the world?
What do you believe are the prerequisite skills that the next generation of social entrepreneurs needs?
What do you see as an emerging social problem that will have to be addressed in the not-too-distant future?
What recommendations and insights do you have to anyone wanting to embark on a career in our space?
Given the number of possibilities and innovations for solving many of society’s most pressing problems, what solutions in your own community would make the most immediate social impact?
Provide several examples of bricolage behavior from your own experience.
Provide examples of “catalytic” innovations from profles of social entrepreneurs. How is their work “catalytic”?
Consider one of the future trends in social entrepreneurship.Which of the innovations resonates with you? Why?
Drawing on economic theory, what kinds of market failure underlie the world’s most pressing problems? Examine three examples: hunger, groundwater contamination, and literacy.
Why is healthcare reform such a contentious issue in the United States? Why have public and private efforts been unsuccessful in fully addressing the challenge of affordable health care? What role(s)
The chief goal of the private sector is effciency.Why? The primary focus of the public sector is equity. Why? It is quite possible to be highly effcient yet ineffective. It is also possible to be
Some have argued that social entrepreneurship is another form of commercial entrepreneurship with positive social or environmental change as its product. Do you agree with the accuracy of this
Theory is the foundation upon which the house of practice is built. How would you interpret this statement and relate it to social entrepreneurship?
Which model of the social entrepreneurship process presented in this chapter resonates for you? Why?
Which do you think is more important to a social entrepreneur’s intention: perceived desirability or perceived feasibility? Explain your answer.
Is a venture that offers dry-cleaning services using environmentally friendly processes and cleaning products a social venture? Why, or why not?
The protocols for assessing ideas as opportunities discussed in this chapter follow a linear, mechanistic approach to problem solving favored by Western societies. In essence, they assume that ideas
Which opportunity recognition tool discussed in this chapter resonates most for you, and why?
If you were to guess, what percentage of social entrepreneurs engage in formal assessment of their ideas as compared with those who do so informally? Explain your reasoning. What are the advantages
What is the relationship between the social value proposition of a social venture and its mission?
What is Kinvolved? What customer problem does it solve? What success have you had so far?
How have you initially benef ted from learning the lean start-up process?
Which lean start-up principles and methodologies have you already implemented in your business planning and strategy?
What recommendations would you offer aspiring entrepreneurs based on what you have learned in starting Kinvolved ?
What is meant by the term “business model”?
What are the three components of a business model?
How does the lean start-up process differ from traditional business planning?
What are the core principles of the lean start-up?
Describe some of the elements of the traditional canvas? How does the lean canvas differ from the traditional canvas?
What role, if any, does strategic planning have for a nascent social venture? What role does it have for a social venture you would like to launch, given the social sector you are entering?
What are some initial frst steps that social entrepreneurs should be aware of as they embark on writing their social venture plan?
From your understanding, how does a social venture plan differ from the traditional business plan?
Of all the various sections of the social venture plan, which do you think is the most diffcult to write? What suggestions would you offer to overcome some of the diffculties and challenges in
Jumpstart is a nonproft social venture whose mission is to provide low-income preschoolers (4-yearolds) with educational experiences designed to develop their reading, learning, and social skills
What are the two types of capital that social entrepreneurs have traditionally used to fund their enterprises? How are these sources evolving?
What are some of the barriers social entrepreneurs face when raising capital which traditional entrepreneurs do not have?
What drivers of a social entrepreneur’s business plan would lead to grant funding? Debt? Equity?
How can impact be integrated into a risk/return framework?
What is impact investing? What are the two most important impact investing categories?
What distinct roles can fnancial institutions, corporations, and angel investors play in raising capital for social enterprises?
What new investment forms are needed for social enterprises?
What is due diligence and how is it done?
Could you please give a bit of background about the Social Entrepreneurs Fund?
What was the inspiration behind the Social Entrepreneurs Fund?
What are the criteria for selection?
Could you describe the investment process the Social Entrepreneurs Fund employs? How does the process differ for the Social Entrepreneurs Fund? In other words, how does funding a social venture
What is the size of the investment and how is it structured?
What is the most signif cant challenge you have faced as a fund?
Can you give an example of one of your investments?

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