Question: ead this case study and answer its related questions: US-based TOMS Shoes created an out-of-the-box solution to its objective of helping people even while running

 ead this case study and answer its related questions: US-based TOMS

Shoes created an out-of-the-box solution to its objective of helping people even

ead this case study and answer its related questions: US-based TOMS Shoes created an out-of-the-box solution to its objective of helping people even while running a for-profit business. The company founded on the principle that it would give away one shoe to a poor child for free, for every shoe it sold. This case study looks at how TOMS Shoes made a cause the centre of its activities, even as the cause itself contributed to its revenues and profitability. Blake Mycoskie created what can arguably be called a unique business model that combines both for-profit and not-for-profit philosophies. A native of Texas in the US and a serial entrepreneur. Mycoskie was travelling in Argentina in 2006, when he noticed poor children having to grow up without shoes, and facing a lot of hardship in the process. Deeply moved. Mycoskie returned home and founded TOMS Shoes, a company that made and sold, um, shoes of course. But with a twist. For every pair of TOMS shoes sold, the company would donate one pair to a child in need. This revolutionary concept was called "One for One", and Mycoskie ensured poor children in different parts of the world got the benefit of its business. What it work even better is the fact that a buyer, typically zy the knowledge that his purchase affordable yet cool pair of shoes, would feel good in the shoe for free. The business model has actually helped a poor child get a much-needed fhas built into the price of the one worked perfectly, because the cost of the fle ffort also contribute to its profitability. Tas provided more than 35 million pairs of children in different parts of the world got the bene young adult looking for an ork even better is the fact that a buyer, typically a young ady the his purchase rdable yet cool pair of shoes, would feel good in the knowledge free. The business model rked perfectly, because the cost of the free shoe was buit inte the prits profitability. that it has provided more than 35 million pairs of o far, the company's website states that it has provided thore ind includes India as well. As choes to children in 70 countries across the world, and children in need will receive a pair long as people continue to purchase TOMS shoes, children in med will in return. The shoes that the company designs and sells are based on the Argentine alpargata design. Questions: 1- Do you consider Blake Mycoskie an entrepreneur? Explain your answer based on the case. (2 points) 2. What is the cause that TOMS has adopted as part of its social responsibility? (1 point) 3- Based on your answer to Question 2, what type of corporate social responsibility does this cause fall under? ( 1 point) 4. Based on the case, how did this cause contribute to the success of TOMS? Discuss your answer with examples. (2 points) 5- As a customer, would you prefer to buy from a socially responsible busyness like TOMS or not? Explain your answer. (2 points)

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