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Cards In This Set
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Define social entrepreneurship.
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The application of entrepreneurial business skills to the creation of an enterprise whose primary purpose is to solve social and environmental problems.
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What is a social entrepreneur a mix of?
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1. traditional business entrepreneurs2. traditional social workers and environmentalists
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What are B Corporations?
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Benefit corporations
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What are Benefit Corporations required to do?
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1. Purpose: have a corporate purpose to create a material positive impact on society and the environment2. Accountability: expand fiduciary duty to require consideration of the interests of workers, community and the environment3. Transparency: publicly report annually on overall social and environmental performance against a comprehensive, credible, independent, and transparent third party standard
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What are co-operatives?
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- internationally recognized business form- premise: owned/operated by and for members- democratically controlled: one-member, one-vote, regardless of business done with co-op or investment in co-op
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What are the 7 co-operative principles?
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1. voluntary and open membership2. democratic member control3. member economic participation4. autonomy and independence5. education, training and information6. co-operation among co-operatives7. concern for community
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