Exam 14: Strategy and Society

Robin, a social entrepreneur, founded the Center of Business Excellence, a not-profit organization, and Fydil Investments Inc., a profit-oriented firm. Robin's motive is to provide a focused solution to poverty by helping the poor with a desire to succeed at business. His knowledge and expertise gathered over the years from working on different assignments ensured sustainability of the new ventures. Which of the following types of entrepreneurship corresponds to the skill sets of Robin?

In terms of a firm's social obligations, which of the following is true of philanthropic responsibility?

Linz Inc., a global automobile manufacturing company, exports its automobiles to distributors in seven countries. The manufacturer incurs expenses of $1,000 per car as export duties and diligently pays its duties within the stipulated time frame. In this scenario, Linz is seen fulfilling its _________.

Which of the following statements is true of the value net model?

Peter, the founder of MilkWorld Inc., started his dairy company with the intent of creating a formidable supply-chain link and providing a lucrative source of income for the local dairy farmers in his country. Peter is most likely to be considered a(n)_________.

___ refers to the simultaneous creation of economic value and social value for the larger community in which a business operates.

Which of the following is true of social constructionists?

Which of the following statements is true of the skills of social entrepreneurs?

Erina, an investment banker, quit her job to start her own financial institution to help the poor in her community who were trapped in a vicious cycle of debt to moneylenders. She began following a strategy that contradicted prevailing practice and provided small loans to poor women. Erina saw the potential to change long-held beliefs about gender imbalances through her social initiative. In this scenario, Erina best represents a _________.

What is meant by social value?

Identify a true statement about a hybrid organization.

JustHog Inc. and FoodLite Inc. are major fast food chains. They attract a larger share of the fast food market due to their quality, prompt service, and affordability. Due to the recent marketing initiatives of JustHog, FoodLite experienced a drop in its market share. In the context of the value net model, which of the following best represents the relationship between JustHog and FoodLite?

Dominic works as a trainer in a content analyst firm, Revel Inc., which specializes in corporate training programs. He trains employees on the various skill sets required to perform their job effectively thereby resulting in the transfer of knowledge and skills. This is an example of _________.

Differentiate between institutional change and capacity building.

Ruth works for an electronics manufacturing company, Zeeway Inc., whose employees volunteer over 1 million hours per year on initiatives that include environmental conservation, economic empowerment, and literacy programs. Which of the following best represents Zeeway's initiative?

The base of the pyramid _________.

Foodoid Inc., a fast food restaurant, enters into a tie-up with SimplyBake Inc., a bakery chain, to procure croissants, garlic loafs, and other essential food ingredients. In the context of the value net model, SimplyBake assumes the role of a(n)_________.

Jude works for a food-processing unit that sells processed food at rates as low as 25% of its selling price to orphanages, old-age homes, missionaries, and charitable institutions. Jude's organization can be classified as a(n)_________.

Which of the following statements is true of the base of the pyramid environments?

Which of the following is an accurate definition of a social entrepreneur?