Social Entrepreneurs

1
Social Entrepreneurs

• This session aims to.
• Introduce the idea of social enterprise and
  social entrepreneurs
• Be aware of some historical and current social
  enterprises and social entrepreneurs
• Introduce this weeks task!

2
How is Social Enterprise defined? (I could tell
you but)

• Definitions
• Social Enterprise Social Entrepreneurship
• Underline what is a new idea to you
• Star something that surprises you
• (5 minutes)
• Chat to 2 people near you. Are you underlining
  starring the same things as each other?
• (5 minutes)

3
Social Enterprise
Double Bottom Line

• Enterprise orientation
• directly involved in producing goods or
  providing services to a market
• Social aims
• explicit aims which benefit communities
• Job creation
• Training
• Provision of local services
• Improvement to community well-being

4
Your Experience of Social Enterprise?

• Bought Fairtrade items
• Part of or known someone involved in Young
  Enterprise
• Sold on eBay on behalf of a charity or given
  proceeds to charity
• Run a not-for-profit
  business

Eden Project
5
How are SEs funded?

• When you research an example, think where they
  fit these types of SE

Voluntary Activism
Not-for-profit grant funded
Corporate Organisation social innovation
Not-for-Profit partially self-funded
FUNDED FUNDING
Social Enterprise fully self-funded
6
Social
Economic
7
Focus on social aims

• May
• Employ disabled, disadvantaged, mentally ill
  people
• Impact on social problems (hospice care, school
  drop outs, home care services)
• Have a number of success goals

Environmental
Social
Economic
8
Medecins sans frontiers

• Founded in 1971 to provide emergency relief to
  all
• 26,000 medical professionals, engineers and
  administrators
• 90.9 income comes from private sources which
  means MSF keeps
• control and
• guarantees
• they can act
• independently

9
Urban nutrition
www.urbannutrition.org/
10
Similarities between Entrepreneurs and Social
Entrepreneurs

• Entrepreneurs have the ability to take a
  business to a point at which it can sustain
  itself through internally generated cash flow.
• Brodsky, 1996

11
Differences between Entrepreneurs and Social
Entrepreneurs

• The difference is really in terms of what the
  founder seeks to maximise. What is the primary
  motivation behind building your organisation?
• David Bornstein
• Who fits the definitions you have been reading
  about?

A
12
Robert Owen

• Socialist, 1771-1858
• Founded the co-operative movement
• Created New Lanark as a model community village
  for his cotton mills

www.robert-owen.com
13
Vikram Akula

• Management consultant, 1969-
• Founding CEO of SKS Microfinance, a micro-lending
  venture in the Indian state of Andhra Pradesh.
• It is For-Profit but has brought social change
  amongst poor women from rural villages.

www.sksindia.com
14
Florence Nightingale

• Nurse, 1820-1910
• Founder of modern nursing, she established the
  first school for nurses and fought to improve
  hospital conditions.

www.bbc.co.uk/history
15
Measures of Success

• Entrepreneurs
• profit for the owner / shareholder
• Social Entrepreneurs
• - social return
• - financial return
• 8 profits re-invested in the business /
  organisation

?
?
?
?
16
This weeks task

• Social Entrepreneurs in Medicine
• Write a case study on someone you think is a
  successful social entrepreneur in the field of
  medicine.
• Make the literature you produce accessible to
  GCSE students visiting the Thackray museum.
• Pitch/defend your choice in front of a panel of
  experts on Friday.

17
Reflections

• Who are the social entrepreneurs? They are
  driven, creative individuals who question the
  status quo, exploit new opportunities and refuse
  to give up!
• David Bornstein

• Questions
• 1. Has what you have learnt today made you more
  likely to be socially entrepreneurial? If yes,
  why and if not, why not?
• 2. Have a go at the GET test
  www.get2test.net/test/index.htm
• 3. Does the outcome fit your own opinion? How
  does it make you feel about being enterprising?

18
Where am I?

• Knowledge
• Know more about Social Enterprise
• Skill
• Acquire skills to be a Social Entrepreneur
• (next 10 years. Run my own SE?)
• Attitude
• empathy with
• appreciation of
• evolving view

19

• Social enterprise  Any organization, in any
  sector, that uses earned income strategies to
  pursue a double bottom line or a triple bottom
  line, either alone (as a social sector business)
  or as part of a mixed revenue stream that
  includes charitable contributions and public
  sector subsidies.
• Social entrepreneur  Any person, in any sector,
  who runs a social enterprise.
• Social entrepreneurship  The art of
  simultaneously pursuing both a financial and a
  social return on investment (the double bottom
  line).