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FAQs on Social Entrepreneurship - CMAT Mock Test Series - CAT

1. What is social entrepreneurship?
Ans. Social entrepreneurship is a business model that focuses on creating positive social or environmental impact rather than solely generating profit. It involves using innovative approaches to address social issues and create sustainable solutions.
2. How is social entrepreneurship different from traditional entrepreneurship?
Ans. Social entrepreneurship differs from traditional entrepreneurship in that its primary goal is to create positive social change, rather than maximizing profits. Social entrepreneurs often prioritize social or environmental impact over financial gain.
3. What are some examples of successful social entrepreneurship ventures?
Ans. Some examples of successful social entrepreneurship ventures include TOMS Shoes, which donates a pair of shoes for every pair sold, and Grameen Bank, which provides microloans to alleviate poverty.
4. How can someone get started in social entrepreneurship?
Ans. To get started in social entrepreneurship, individuals can begin by identifying a social issue they are passionate about, conducting research to understand the problem and potential solutions, and developing a business plan that outlines how they will address the issue sustainably.
5. What are some challenges faced by social entrepreneurs?
Ans. Some challenges faced by social entrepreneurs include securing funding for their ventures, measuring and proving the impact of their work, and navigating complex social and political landscapes.
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