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While appreciating the efforts of Arun,an upcoming entrepreneur, his Childhood friend Varun told him that I always knew that you have qualities of being a social entrepreneur because you always had your out of the box and ready to apply ideas to new solutions. Which of the following characteristics of social entrepreneurs is discussed in the above case?
  • a)
    Opportunity seeking
  • b)
    Resourceful
  • c)
    Accountable
  • d)
    Innovative
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
While appreciating the efforts of Arun,an upcoming entrepreneur, his C...
The correct answer is d) Innovative.
In the statement, Varun says that Arun always had out-of-the-box ideas and was ready to apply them to new solutions. This suggests that Arun is an innovative person, which is a key characteristic of social entrepreneurs. Social entrepreneurs are individuals who use innovative approaches to address social or environmental issues and create positive change. They are often driven by a desire to make a difference in the world and are willing to take risks and think outside the box in order to do so. Other characteristics of social entrepreneurs may include being opportunity-seeking, resourceful, and accountable.

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Most Upvoted Answer
While appreciating the efforts of Arun,an upcoming entrepreneur, his C...
Characteristics of social entrepreneurs discussed in the case:

The characteristic of social entrepreneurs discussed in the case is innovative.

Explanation:

Innovation:
The case mentions that Arun, the upcoming entrepreneur, has qualities of being a social entrepreneur because he always had out-of-the-box ideas and was ready to apply them to new solutions. This highlights the characteristic of being innovative.

Why is innovation a characteristic of social entrepreneurs?

1. Addressing social challenges: Social entrepreneurs are driven by a desire to solve social problems and create positive change. They often come up with innovative ideas and approaches to address these challenges effectively.

2. Thinking outside the box: Social entrepreneurs are known for their ability to think creatively and come up with unique solutions. They are not limited by traditional approaches and are willing to challenge the status quo.

3. Applying new technologies: Social entrepreneurs often leverage emerging technologies and innovations to develop scalable and impactful solutions. They are quick to adopt and adapt new technologies to address social issues.

4. Creating sustainable solutions: Social entrepreneurs focus on creating sustainable solutions that have a long-term impact. This requires thinking innovatively and finding creative ways to address social challenges while considering the economic, environmental, and social aspects.

5. Scaling up: Innovation plays a crucial role in scaling up social ventures. Social entrepreneurs constantly seek new ideas and approaches to expand the reach and impact of their initiatives.

In conclusion, the case highlights the characteristic of innovation in social entrepreneurs. Their ability to think innovatively, come up with out-of-the-box ideas, and apply them to new solutions sets them apart in their pursuit of creating positive social change.
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While appreciating the efforts of Arun,an upcoming entrepreneur, his Childhood friend Varun told him that I always knew that you have qualities of being a social entrepreneur because you always had your out of the box and ready to apply ideas to new solutions. Which of the following characteristics of social entrepreneurs is discussed in the above case?a)Opportunity seekingb)Resourcefulc)Accountabled)InnovativeCorrect answer is option 'D'. Can you explain this answer?
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