Date post: | 21-Oct-2014 |
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Social Entrepreneurship: A Recipe for Change
Presented by: Jacqueline Smith & Regina Duran
Are you an entrepreneur?
Get a pen and paper, then copy the nine dots arranged in a square above. To solve the problem, you need to join all nine dots by drawing no more than four straight lines. The straight lines must be continuous – i.e. you must not lift your pen from the paper once you start drawing. Yes, the lines can cross.
Thinking Inside the Box
Thinking Outside the Box!
4
3
2
1
Thinking like an entrepreneur.
What is entrepreneurship?
Entrepreneurial Context
What about social entrepreneurship??
Social Entrepreneurship vs. Entrepreneurship
Social Business
Risk your own capital/Bootstrap it
Risk other people’s capital
Relentless pursuit of growth
Fast-moving and nimble
Low structure/hierarchy
Work 24-7
Seek to solve a social problem and a return (SROI)
No clear exit strategy
Capital markets not well developed
Seek a financial return (ROI)
Exits are clear – sale, IPO, etc.
Both
Characteristics
• inspiration• creativity• direct action• courage• fortitude
J.B. Schramm
Outcomes • Permanent shift from a lower-quality
equilibrium to a higher-quality one.
• Success of new equilibrium is through:
–Mass market adoption
– Significant levels of imitation
– Creation of new ecosystem around and within the new equilibrium that securely persists
Successful Social Entrepreneurs have a willingness to…
6 Qualities6 Qualities
Cross Disciplines
Cross Disciplines
Self-correctSelf-correct
ShareCreditShareCredit
Strong Ethical
Impetus
Strong Ethical
Impetus
Break fromStructure
Break fromStructure
Work “Quietly”
Work “Quietly”
Bornstein, D. (2004). How to Change the World: Social Entrepreneurs and the Power
of New Ideas.
Creating an Enabling Environment
• Nonprofits
• Government
• Business
• Academic Institution