ECONOMICS
ENTREPRENEURS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Aims to achieve the highest profits for shareholders
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A social enterprise is owned by one person
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A social enterprise has ethical considerations at his heart, for the benefit of society.
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A social enterprise is two or more people working together.
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Detailed explanation-1: -A social enterprise or social business is defined as a business with specific social objectives that serve its primary purpose. Social enterprises seek to maximize profits while maximizing benefits to society and the environment, and the profits are principally used to fund social programs.
Detailed explanation-2: -Social enterprises are businesses that put the interests of people and planet ahead of shareholder gain. These businesses are driven by a social/environmental mission and reinvest profits into creating positive social change.
Detailed explanation-3: -A social enterprise is an enterprise where at least 50% of the profits are invested back into a charitable cause. The aim is to have a social mission and to make a social impact.
Detailed explanation-4: -We found four categories of ethical dilemmas faced by social entrepreneurs: challenges in engaging the community (equality vs. efficiency and fairness vs. care), challenges related to spillover effects (right vs. responsibilities), challenges in balancing diverse stakeholders (emotionally detached vs.
Detailed explanation-5: -Better customer relationships. By being a social business, you are seen to be open, transparent, accessible and responsive. Improved insight. Employee satisfaction. Increased productivity. More innovation. Enhanced reputation. Change in culture. Understanding your audience. More items •18-Jul-2016