Blake Mycoskie, the founder of TOMS Shoes Company, started the “one-for-one” business model, whereby for each pair of TOMS shoes sold, another pair would be donated to a disadvantaged child. What type of organization is TOMS?a.Venture start-upb.Social entrepreneurship.c.Strategic entrepreneurship.d.Corporate venture.
Question
Blake Mycoskie, the founder of TOMS Shoes Company, started the “one-for-one” business model, whereby for each pair of TOMS shoes sold, another pair would be donated to a disadvantaged child. What type of organization is TOMS?a.Venture start-upb.Social entrepreneurship.c.Strategic entrepreneurship.d.Corporate venture.
Solution
TOMS is an example of b. Social entrepreneurship.
Step 1: Understanding the question - The question is asking about the type of organization TOMS is, based on its business model.
Step 2: Understanding the business model - TOMS follows a "one-for-one" business model, where for each pair of shoes sold, another pair is donated to a disadvantaged child.
Step 3: Matching the business model to the organization type - This business model is characteristic of social entrepreneurship, where the aim is to solve social problems or effect social change, in addition to making a profit.
Therefore, TOMS is a social entrepreneurship.
Similar Questions
Identify the type of for-profit business that is owned by a single individual.
What is an entrepreneur?Multiple Choicea person who organizes, operates, and assumes the risk of a business venturethe person in a firm who develops customer relationship management programsthe person responsible for implementing the marketing mix in an organizationa marketing executive who specializes in the use of social mediaa person who manages and directs the supply chain
the simple and short definition given by somebody famous on social entrepreneur
“His ________ commitment to entrepreneurs and passion for technology shaped the founding ethos of Founders Fund,” Singerman said.Source: Los Angeles Timesillogicaldisloyalbacterialunwavering›Note: 1 word in this list is not learnable.Round 4:8910Currently PlayingPractice: Shigene's List 2 Return to List Start OverLearn with usLearner subscriptionsVocabulary listsDictionaryTest PrepJoin a Vocabulary JamCommonly confused wordsWord of the dayTeach with usFor educatorsFor schools and districtsHow it worksSuccess storiesResearchProfessional developmentContact salesResourcesHelp articles/FAQTeaching resourcesLearner resourcesESL/ELL resourcesGrade level resourcesIPA PronunciationContact support LeaderboardsVocabulary BowlToday's leadersWeekly leadersMonthly leaders AboutOur MissionBlogTell us what you thinkPrivacy PolicyTerms of Use Making educational experiences better for everyone.IXLComprehensive K-12personalized learningRosetta StoneImmersive learningfor 25 languagesWyzantTrusted tutors for300 subjectsEducation.com35,000 worksheets, games,and lesson plansTPTMarketplace for millions ofeducator-created resourcesABCyaFun educationalgames for kidsSpanishDictionary.comSpanish-English dictionary,translator, and learningEmmersionFast and accuratelanguage certificationCopyright © 2024 Vocabulary.com, Inc., a division of IXL Learning • A
“His ________ commitment to entrepreneurs and passion for technology shaped the founding ethos of Founders Fund,” Singerman said.Source: Los Angeles Timesillogicaldisloyalbacterialunwavering
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.