Social Impact of Entrepreneurship

What negative economic repercussion did the TOMS one-for-one model create?

• It spurred the growth of parallel markets

• It fueled increased crime

• It disrupted the local domestic labor market

• It caused no social repercussion

Which of the following was NOT a critique that TOMS faced?

• The shoes were not environmentally sustainable

• The shoes did not address the core roots of poverty

• The majority of TOMs manufacturers were from China to take advantage of low-labor

• The shoes were not being delivered to recipients in developing countries

Which of the following factors influences consumers to perceive social enterprises as being ethical across the board due to their positive impact in one area?

• The Double Assumption Effect

• The Recency Effect

• The Positive Intent Effect

• The Halo Effect

What is the key difference between a social enterprise and a profit-maximizing company that engages in charitable action on the side(ex: CSR)?

• Their organizational structure

• They are the same

• Their values

• Their drivers/motivation

What is a negative consequence that arose as a result of Grameen Bank's micro-loans?

• Tensions between spouses

• The micro-loans were not paid back

• It increased poverty

• The micro-loans were used to engage in criminal behavior

What’s the difference between social entrepreneurship and corporate social responsibility?

• CSR is for-profit, social entrepreneurship ent is not-for-profit

• CSR is reactive, social entrepreneurship is proactive

• CSR is more impactful, social entrepreneurship is less impactfu

• They are the same

What is one factor that influences how a company chooses to measure social impact?

• Employee preferences

• Social media

• The company’s activities

• Brand positioning

Select the untrue statement among the following:

• There is no one-size-fits-all framework to measure the social impact of every enterprise

• Social enterprises are rarely "triple-bottom-line" organizations

• Profitability alone is not an efficient measure of social impact

• A company can use impact measurement data to inform important decisions

How do we effectively measure the social impact of entrepreneurship?

• We calculate how much profit we are making

• We ask for feedback from our mentors

• We use significant and quantifiable data regularly and assess if it matches our goals

• We don't, and just hope for the best