Question

The concept of Social Entrepreneurship may be applied to many social causes and promote a level of social responsibility that is focused on the idea of a "return to society" What do you think this means?

Select one:

a. That the development and operational processes of the organization should be focused on furthering social conditions and that the benefits and effort should be at the core of performance.

b. That profits should be invested back to top management and the investors.

c. Share the money with the local government agencies in order to leverage other social causes.

d. That business should be accountable for the increased revenue for the benefit of the specific group interests they serve and to lobby for additional funding and development.

Answer 1

a. That the development and operational processes of the organization should be focused on furthering social conditions and that the benefits and effort should be at the core of performance.

Social entreprenuership is about giving back to the society thus helping people improve their life-style, standard of living, job opportunities etc. These days, it's also called CSR activities in big corporations too. It's about making the infrastructure of the underprivileged in their region where they operate better by contributing their profit back to the society. It's more like acting as a non-governmental organisation.