Social Entrepreneurship

1
Social Entrepreneurship

• Social Entrepreneurship
• Definition
• Ecosystem
• Discussion of Ethics
• Discussion of corporate social responsibility
  (CSR)
• Does it Pay to be Good?

2
Social Good as a Product

• Firms are resource dependent
• They rely on other people for labor and capital,
  other firms for supplies, consumers who purchase,
  and governments that regulate.
• Some of these resource providers are willing do
  not have wealth maximization as their only goal.
• If you can align your business with social and
  financial goals, you can accomplish both, with
  the help of resource providers.
• This requires knowing/changing the ecoystem.

3
Identifying an Ecosystem

• Identify ultimate social impact
• Identify players and environmental conditions

4
Changing the Ecosystem

• Coalitions
• Webs or relationships are enabling and
  constraining.
• Communications
• Have to appeal to both self-interested and
  other-regarding intentions.
• Credibility
• Multiple players with different goals. Those with
  social goals are unlikely to cooperate if SEs
  social aspirations are not credible.
• Contingencies
• Cant predict wide-ranging reactions. Requires
  starting small.

5
SE Ecosystem

• Who are the major players?
• Academic Programs
• SE competitions
• Superstars and storytellers
• Funding Organizations
• Institutions and Infrastructure
• As we will see, some SEs have started to make
  changes in the
• Incorporated the whole ecosystem kind of

6
SE Academic Programs

• Dukes Center for Advancement of Social
  Entrepreneurship
• Oxfords Skoll Centre for Social Entrepreneurship
• Stanford
• Stanford Social Innovation Review
• Harvard Business Schools Social Enterprise
  Initiative

7
SE Competitions

• U. of Washington Global Social Entrepreneurship
  Competition
• Global Social Venture Competition
• Berkeley, Columbia Business School, London
  Business School, Indian School of Business,
  Thammasat University (Thailand) other partners
• BiD Network
• engages thousands of entrepreneurs, experts and
  investors from all over the world to stimulate
  entrepreneurship and economic growth in emerging
  markets.

8
Superstars and storytellers

• Superstars

• Storytellers

• Mohamed Yunus founder of Grameen Bank, Nobel
  Peace Prize winner
• Bill Drayton founder of Ashoka
• Nicholas Negroponte -One Laptop per Child
• CK Prahalad The Base of the Pyramid (BOP)

• GOOD Magazine
• David Bornstein How to Change the World Social
  Entrepreneurs and the Power of New Ideas
• PBS The New Heroes

9
SE Funding Organizations

• Acumen Fund
• Jacqueline Novogratz
• Social Venture Partners
• Local chapter in Minneapolis
• Ran the Social Entrepreneurs Cup
• Community Venture Capital
• Supposed to benefit a specific
• Good Capital
• Omidyar Network

10
SE Supporting organizations

• Ashoka
• Identify impactful change agents
• Schwab Foundation for Social Entrepreneurship
• fosters the peer-to-peer exchange of the social
  entrepreneurs and supports the replication of
  their methodologies among each other.
• provide scholarship opportunities to the best
  executive education courses in the field to the
  selected social entrepreneurs
• Skoll Foundation (Award for SE)
• The Skoll Awards for Social Entrepreneurship
  support social entrepreneurs whose work has the
  potential for large-scale influence on critical
  challenges of our time tolerance and human
  rights, health, economic and social equity, peace
  and security, institutional responsibility, and
  environmental sustainability.

11
SE Supporting orgs cont.

• FAST Company Social Capitalist Awards
• http//origin-www.fastcompany.com/social/2008/inde
  x.html
• The Tech Awards 15 Tech Laureates chosen
  annually
• recognizing the best of those who are utilizing
  innovative technology solutions to address the
  most urgent critical issues facing our planet.
  People all over the world are profoundly
  improving the human condition in the areas of
  education, equality, environment, health, and
  economic development through the use of
  technology. It is the goal of The Tech Awards to
  showcase their compelling stories and reward
  their brilliant accomplishments.
• Social Venture Network
• 500 of the brightest and most innovative engaging
  socially-conscious business leaders in North
  America

12
Institutions and infrastructure

• B corporations
• By-laws of organization explicitly include social
  impact
• Effort at branding
• Ex. Better World Books, Adina
• Social Capital Markets