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The William Davidson The William Davidson InstituteInstitute
WDI’s Mission
To create, aggregate, and disseminate intellectual
capital on business and policy issues in emerging
market economies
WDI’s Major Activities• Research
– Base of the Pyramid – Social Enterprise– Globalization of Services
• Executive Education • Development Consulting Services• Educators’ Outreach• Promoting International Activities at U-M
– Business School– Supporting key international activities at other schools
• School of Public Health• Medical School• School of Natural Resources
Knowledge CreationExp
erien
ces
Teaching/
Dissemination
Research Initiatives
Support for Int’l Activities- Students- Faculty
- Exec Education
- Educators Outreach
Research Support
Development Consulting
Conferences
Convergence of the Sectors: Convergence of the Sectors: Social InnovationSocial Innovation
Traditional Value Creation
For ProfitNon-Profit
Government
For Profit
Blended Value Creation= Innovation
Non-Profit
Government
Causes of ConvergenceSupply Side
• New Wealth/Philanthropists• Increased Visibility (popular
press coverage, celebrities• Technology• Attempt to reach new
markets• Improved transportation and
communication
Demand Side:
• Traditional Development Failures
• Increasingly Complex Social Problems
• Inability of government to provide public goods
• Foundations Requiring more Accountability/Innovation
• Scarcity of traditional resources (grants)
The Social Entrepreneurship Landscape Has Become More
Complex
Community Development Corporations
Corporate Social Responsibility
VenturePhilanthropy
Social Stock Markets
Social EnterpriseThe Micros
Business/Social Hybrids
Community Foundations
Bottom of the Pyramid
SocialInvesting
Public Private Partnerships
Fair Trade
Social Entrepreneurs
Nonprofits (NGOs,CSOs)
Socially Responsible Business Leaders
Activists
Thought Leaders
The LandscapeSocial
Entrepreneurship
Foundations/MultilatsGovernments
Results of Convergence:Hybrid Spectrum
NGO w/Income
-Generatin
g Activities
Nonprofit Enterpris
e
BoP Enterpris
eSocial
VentureSocially
Responsible Business
Corporate Social
Responsibility
Corporate
Strategy
Mission MotiveStakeholder Accountability
Income reinvested in social programs or overhead
Profit-making Motive
Profit redistributed to shareholders
Shareholder Accountability
Results of Convergence:New Sector MotivationsCharacteristics and/or Perceptions
For Profit HYBRID Not for Profit
Competitive Collaborative
Private Good Social Good
Market Based Outside Market
Financial Motivation Social Motivation
Advantaged Disadvantaged
Independent Dependent
Individual Collective
Risk-taking Risk-averse
Create Wealth Distribute Wealth
Results of Convergence:Social
Entrepreneurship/Innovation
• New Structures• New and Adapted Business Models• New Methods to Mobilize Capital• New Sector Stakeholders• New Fields and Terminology
Social Innovation: Why?
• Exciting • Inspiring• Opportunities Abound• High Impact Possibilities• Fast Moving• Constantly Evolving
QUESTIONS?QUESTIONS?
Social Innovation: New Structures
• Partnerships/Strategic Alliances• For-profits with Embedded Social
Mission• Non-profits Generating Revenue• Non-profit Consulting
Social Innovation: Adapted Business Models for Enhanced
Social Value
• Micros: finance, enterprise, franchise• Social Franchising• Non-profit Incubators• Base of the Pyramid• Fair Trade
Social Innovation: New Methods of Mobilizing Social and Financial
Capital
• Foundations Supporting For-profits• Market Driven Philanthropy• Social Venture Capital/Investing• Venture Philanthropy• Adapted Private Sector Tools• Community Foundations• Corporate Volunteerism• Community Development Corporations
Social Innovation: New Stakeholders
• For-profitsEmployees, Customers, Suppliers, Distributors, Communities, Non-profits
• Governments (Outsourced Services) Non-profits, For-profits, Communities
• Non-profits Donors (with expectations of higher, more accountable returns), Individual Investors, For-profits, Government
Social Innovation: New Fields/Terminology
• Social Entrepreneurship• Social Enterprise• Base of the Pyramid• Micros• Social Investing• Venture Philanthropy• Fair Trade