Chapter 3 Introduced the Timmons Model of the Entrepreneurial Process

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The Answer is The three major components of the Timmons Model-opportunity, resources, and teamwork-certainly apply to social entrepreneurship; but the model requires a few contextual changes. Social opportunities are driven not only by markets but also by mission and social need. The brain trust aspect of the team-the external stakeholders-is especially important because collaboration across boundaries is paramount in social entrepreneurship. Similar to traditional start-ups, the art of bootstrapping is a necessary method of resource acquisition. Yet capital markets exist for social entrepreneurs, and available funds are increasing in both the for-profit and not-for-profit sectors. The concepts of fit and balance remain because sustainability and growth are the essence of any entrepreneurial endeavour.

Chapter 3 Introduced the Timmons Model of the Entrepreneurial Process

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