Term
Environmental Burden/ Impact
(formula) |
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Definition
EB=F(PxCxT)
p=population
c=consumption
t=technology |
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Term
Driver's of Opportunity- 6 C's
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Definition
1- cost
2- capital
3-consumers
4-climate
5-concienciousness
6-convergence |
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Term
| Sustainibility Action Regims: Win-Win |
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Definition
Discovered
Enhancing customer value
Pollution prevention?
Un- or Under-discovered
Energy efficiency?
Fair Labor practices? |
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Term
| Sustainiblity Action Regims: Win-Lose |
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Definition
Market Failure
The Green Prision
EX:
Externalizing costs
Monopolizing
Child labor
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Term
| Sustainibility Action Regimes: Lose-Win |
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Definition
Market Failure
The Green Prision
ex:
Long term thinking
Investment in natural capital
Eco-system protection
(bad for business) |
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Term
| Sustainibility Action Regimes: Lose-Lose |
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Definition
Nike-Failure to protect brand
Shell Oil-Brent Spar incident
ENRON-Corporate
misconduct |
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Term
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Good for BUS
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win-win
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win-lose
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Bad for BUS
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lose-win
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lose-lose
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Good Society
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Bad for Society
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Definition
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Term
Private benefits and costs |
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Definition
–The costs and benefits of an activity incurred by the person or organization performing that activity |
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Term
Social benefits and costs |
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Definition
The costs and benefits of an activity incurred by society |
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Term
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Definition
monopoly power
imperfect information
innapropriate gov intervention
public goods
externalities |
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Term
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Definition
nEconomic effects
nLower quantity, higher price
nDiminished innovation
nOther forms of market power
nCollusion and tacit collusion
nOligopoly
nMonopsony (one buyer)
nEffects on the environment |
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Term
| Market Failure- Imperfect information |
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Definition
Type 1: Lack of awareness of new productive possibilities
–To serve new or altered demand/markets
–To utilize new production methods/technologies
–Market gaps
–Process of entrepreneurial discovery |
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Term
| Five Catagories MKT Failure |
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Definition
•Public Goods
–Property Rights Entrepreneurship
•Externalities
–Institutional Entrepreneurship
•Monopoly Power
–Market Appropriating Entrepreneurship
•Inappropriate Government Intervention
–Political Entrepreneurship
•Imperfect Information
–Informational Entrepreneurship |
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Term
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Definition
The process of creating social value by bringing together a unique combination of resources to pursue an opportunity.
Social entrepreneurship is distinguished by the entrepreneur’s mission to create social value, and the prioritization of social value creation over the generation of personal or organizational financial wealth. |
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Term
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Definition
–Non-profits leveraging resources in new and innovative ways. Exist because market failure prevents the ability to make profit. |
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Term
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Definition
–Blending non-profit and revenue-generating, “for-profit” strategies |
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Term
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Definition
For-profit, but main aim is not to maximize profit |
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Term
| Market-driven social enterprises |
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Definition
•garner sufficient revenues from the sales of their products and services to cover their costs of operation and enable their survival in competitive markets, while achieving their social missions. |
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Term
| Market-augmented social enterprises |
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Definition
| benefit from the revenue generation of their products and services, but do not attain sufficient revenues to provide competitive returns to investors. |
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Term
| Extra-market social enterprises |
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Definition
•provide goods and services from which they are unable to generate significant revenues. They typically arise to fill market needs where direct economic incentives fail to support value creation. |
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Term
| Market-convergent social enterprises |
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Definition
are actively engaged in the process of alteringmarket institutions and incentive systems to enable their social missions. Such entrepreneurs understand market dynamics, and transform markets to better serve the public good and attain competitive returns for their owners and investors. |
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Term
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Definition
•Produce goods and services that provide greater environmental benefit, or less environmental cost, or create less environmental burden in their production
•Such changes may raise costs, but enable the firm to capture higher prices or greater market share
•Resulting in equivalent or better financial returns |
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Term
| Environmental Cert. and Labeling |
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Definition
"For producers, they [eco-labels] are a way to express a personal ethic, the environmental-stewardship components of their operation, or the social benefits of their manufacturing practices.
For consumers, it's a way to use the everyday act of shopping to express their values." |
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Term
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Definition
•Type I: Seals of approval
–Identify products/services as being less harmful than similar products/services.
–“Third Party”
–Two approaches
A. Multi-dimensional; Green Seal, Blue Angel
B. Single-attribute; Organic, Fair Trade, Dolphin Safe
–ISO 14024
•Type II: Self-Declaration Claims without third-party certification
–e.g. trash bag biodegradability
– ISO 14021
•Type III: Eco-Profile Labels with “report card” format
–Offers buyer information on label about multiple categories of environmental impact.
–e.g. Scientific Certification Systems
–ISO 14025 |
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Term
| six elements of a sucessful sustainable venture |
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Definition
Mission
Values
Plan
Legal Form
Team
Metrics |
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Term
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Definition
| system boundaries of the assesed life cycle encompass acquisition and transportation of raw materials, brewing operations, business travel, employee commuting, transport and storage during distributing and retail, use and disposal of waste. |
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Term
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Definition
–Benefit Corporations are a new class of corporation that 1) creates a material positive impact on society and the environment; 2) expands fiduciary duty to require consideration of non-financial interests when making decisions; and 3) reports on its overall social and environmental performance using recognized third party standards. (Source: Benefitcorp.net) |
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Term
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Definition
–Goal is to reduce or eliminate the need for external funding |
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Term
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Definition
–Goal is to reduce or eliminate the need for external funding |
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Term
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Definition
–Growth can be funded through positive cash flow
–Works better with slow growth, or high margin venture |
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Term
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Definition
–Non-dilutive source of capital
–Concept of leverage
–Need for collateral |
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Term
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Definition
–Capital invested in return for a percentage ownership in the venture |
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Term
equity investor: angel investor
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Definition
–Individuals or small groups of investors who have sufficient net worth to engage in new venture investment on a regular basis |
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Term
| equity investor: venture capitalist |
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Definition
–Institutional investors who manage funds with the specific purpose of investing in high-potential new ventures |
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Term
| Equity investor: strategic investor |
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Definition
–Corporations with a strategic interest in the new venture |
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Term
| Five Unique Sources of Financing for the Sustainable Venture |
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Definition
•Cleantech Venture Capital
•Impact Investors
•Social or Sustainable Venture Business Plan Competitions
•Crowdfunding
•Microfinance |
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Term
| Impact investor: social investment funds |
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Definition
–Investment funds who raise capital to invest specifically in social ventures.
i.e. Acumen Fund, responsAbility, and Root Capital |
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