The Book States That BOP Strategies Often Fail

question 17

Multiple Choice

The book states that BOP strategies often fail.There are as many reasons for failure as there are reasons for success.The book explicitly states to "fail early and fail fast." Why is this advice important for social entrepreneurs?

• A)It offers an "escape route" for risky ventures.
• B)It suggests that BOP strategies are destined for failure and therefore a success is a real "win."
• C)It suggests that a lot can be learned from failures,lessons that sow the seed of success for the next venture.
• D)It means the faster you fail,the more the investors will get back out of the venture.
• E)It suggests that if you think you might fail,get out early and recover your losses.

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Definitions:

Performance

The act of carrying out or accomplishing an action, task, or function.

Equity Principle

A concept in organizational psychology and management that suggests fair treatment and rewards for employees, based on their contributions and efforts.

Goal Accomplishment

Goal accomplishment is the successful achievement of a set goal or objective, often resulting in a sense of satisfaction and progress.

Feedback

A process in which information about actions, performance, or behavior is given to individuals or groups to use as a basis for improvement or development.