Reference no: EM132860897

Social Entrepreneurship: Managing the Creation of Social Value

1. Explain the key components of a business model.

2. Identify potential differences between a business model and a social venture sustainability model as defined in the chapter.

3. Explain the difference between a business model and business concept.

4. Identify the reasons why social ventures need different sustainability models compared to purely commercial ventures.

5. What are the two parameters of a business model design? Discuss their key elements.

6. Identify some of the reasons why it is important for social entrepreneurs to develop sustainability models for their social ventures.

7. Discuss the relationship between the design elements and the design themes in using an activity system design framework for designing a business model.

8. Why do you think entrepreneurs need to formulate business models at the start of their new ventures?

9. Discuss each of the phases of the life cycle of a business model.

10. Is the location of a firm an important aspect of its business model? Yes? No? Explain.

11. What is feasibility analysis? What is it designed to achieve and how is it different from a business plan?

12. Identify and describe the four components of a feasibility analysis.

13 Describe the elements that would make a social venture opportunity attractive.

14. Discuss the importance of using primary data in feasibility analysis.

15. Discuss the importance of using secondary data in feasibility analysis.

16. Discuss how a feasibility analysis could help anticipate the sustainability of a

17. Describe a buyer intentions survey and explain its importance for social ventures.

18. Does a social entrepreneur need a feasibility analysis to determine whether to go ahead with his/her social venture idea? Yes? No? Explain.

19. Explain the difference between a buyer intentions survey and a concept statement.

20. One of the limitations of a buyer intentions survey is that buyer intentions do not always translate into actual buying behavior. How would you overcome this limitation in a proof-of-concept study?