Q 1. Appraise the viability of hybrid social ventures in Ghana?
Q 2.i. List the main characteristics of hybrid business models?
ii. In literature (Hockerts, 2015), hybrid organizations are classified in three types, according to their field of activity. Make careful Evaluation of them?
iii. Hybrid business models are driven by three fundamental activities Hybrid business models typology. Offer a succinct Interpretation?
iv. Enumerate and explain 5 Advantages of hybrid business models
v. Enumerate and explain 5 Liabilities of hybridity in social ventures?
vi. Enumerate and explain 5 Limitations and challenges of hybrid business models?
vii. The essence of studying hybrids is that firms may learn how to innovate their business models in ways that go beyond current conceptualizations, making their mission profitable, rather than making profit their only mission! Discuss?
viii. It has been asserted that, social ventures that adopt the business form to a greater degree will raise less external capital than traditional charities. Offer an epitome of this?
Q3. Analyse the case study below, identify 5 possible challenges and suggest innovate solutions to address them? Finally criticize the case?
Wellington Baiden – Ghana’s Eco-friendly Entrepreneur
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Abstract: This case study provides insights about the emerging set of entrepreneurs called ecopreneurs who aim at addressing environmental issues that are hitherto ignored by most of the big companies. Wellington Baiden (Baiden) is one such example of an ecopreneur who is striving to strike a balance between environment and economics. The business model he adopted not only provides employment and income generating opportunities to the village communities in a developing nation like Ghana, but also preserves ecology. Baiden, with his unique business model and good business practices making a point that profit can be earned by being good and encouraging people to plant more trees. His company, Portal Ltd., undertakes social forestry programmes and sensitises people about the significance of forest conservation and its benefits. Baiden, through his sustainable objectives, is making efforts to prove that Africa has many viable investment opportunities besides oil and gold. Although he has been able to win the faith of the local people and village chiefs with his business, Baiden has to prove to his investors that he can convert his leafy assets into cash. Yet, the challenge lies in proving that large-scale plantation programmes would provide enough income to the villagers to contain cutting down trees and make this venture successful.
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Pedagogical Objectives:
q To study the concept of entrepreneurship and role of entrepreneurs in creating sustainable businesses
q To analyse the trend of green business and the emergence of ecopreneurs
q To understand the socio-economic condition of Ghana and examine the role of entrepreneurs in its economic growth
q To discuss the initiatives of Wellington Baiden in developing forestry business in Ghana and the challenges he is facing in sustaining this business model.