An E-Commerce Organization Is in Its Sixth Month of Online

question 34

Essay

An e-commerce organization is in its sixth month of online operations selling academic regalia for graduation. The founders had long had their own personal web pages, and had stumbled upon an inexpensive source for the sewing of gowns. They invested all their savings and took out a loan in order to finance the inventory and equipment needed to go into business. By March of its first year of operations, an unexpectedly large number of orders reached the company. The founders devoted their full energies to getting product where it needed to be in time for graduation. At odd hours of day and night, they could be found doing anything from the job of the information systems specialist they had recently hired, to the job of the mail clerks. As this company grows and takes on related product lines, what would you expect to happen as they go through the stages of development?

Understand the concept of social venture capital and its implications for economic development and social impact.

Distinguish between social, enterprising nonprofits, and hybrid models of social entrepreneurship.

Grasp the complexities involved in solving wicked problems through social entrepreneurship.

Understand the concept and importance of corporate social responsibility (CSR) in the contemporary business environment.

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Definitions:

Psychologists

Professionals specializing in the study of the mind and behavior.

Basic Research

Fundamental scientific research aimed at increasing knowledge or understanding of the subject without immediate practical application in mind.

Applied Research

A form of systematic inquiry involving the practical application of science. It accesses and uses some part of the research communities' (the academia's) accumulated theories, knowledge, methods, and techniques, for a specific, often state-, business-, or client-driven purpose.

Darwin's Theory

The scientific theory of biological evolution that explains how species evolve over time through natural selection.