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Explore Social Entrepreneurship

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Zoheb Veljee

on 11 June 2013

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Transcript of Explore Social Entrepreneurship

Explore
Social Entrepreneurship
What is Social Entrepreneurship?
Ventures created to provide profit
while satisfying a social need
Academic Institution
Entrepreneurial ventures targeted
at creating economic, social, and spiritual value!
Corporate
The application of Entrepreneurial Acumen
and skills toward social change
Government
Creating an organization that provides a service or
good that will have a positive impact on society
Policymaker
Doing good while making (ENOUGH) money!
Non-Profit
What is Social Enterprise?
A private, public, or not-for-profit organization
working toward and delivering innovative solutions
to help create social change
Government
A hybrid venture that uses market principals to
affect change
Foundation
A business/venture equally focused on achieving material,
social, and economic benefits - not balancing the two , but
finding innovative ways to seek them in PARALLEL
Social Purpose Business (For Profit)
Enterprising Non Profit
Social mission driven businesses, with explicit commitment to
Double or Triple Bottom Lines
Social Returns on Investment (SROI)
Financial Returns on Investment (ROI)
Environmental Returns on Investment
(EROI)
Historical Perspective
Driving Forces
Economic Stress
Reduction in public sector subsidies
Decline in corporate giving
More non-profits competing for dollars
More people in need
Greater demands for accountability
Wavering of public trust
Monasteries: Wine/cheese sales
Theatre groups: Admission fees
Painters/sculptors: Patrons and sponsorships
Prisons: Community work projects
Higher education: Tuition
Hospitals: Fees to underwrite aid to the poor
Missionaries: Tentmaking in the marketplace
Early Examples
1844
Rochdale Equitable Pioneer's
Society
1884
Jane Addams Hull House
Chicago
1895
Goodwill Industries
Boston
An Evolving Mentality
Non Profits
Dependency
Sustainability
Self Sufficiency
Traditional
Mentality
Philanthropy
Govt.
Subsidies
Governance
Strategic
Planning
Marketing
Financial
Planning
R&D
HR
Development
Volunteers
Fundraising
PUblic
Sector
Subsidies
Private
Contributions
Programs
No
Earned
Revenue
Mission
Govt.
Subsidies
Traditional
Mentality
Philanthropy
Governance
Strategic
Planning
Marketing
Financial
Planning
R&D
HR
Development
Volunteers
Debt
&
Equity
Angel, Seed &
Working
Capital
Fundraising
Public Sector
Subsidies
Private
Contributions
Business
Ventures
Programs
Earned
Income
Earned
Revenue
Mission
Dependency
Sustainability
Mission
Self Sufficiency
Social
Enterprise
Mentality
Earned Income
Governance
Strategic
Planning
Marketing
Financial
Planning
R&D
HR
Development
Volunteers
Angel, Seed &
Working
Capital
Debt
&
Equity
Business
Ventures
Earned
Income
1.4 Million Nonprofits in USA
$1.6 Trillion in Revenue
$3.5 Trillion in Assets
Where's My Money?
Atlanta
Las Vegas
Orlando
Houston
Miami
Nashville
More than 1,500 nonprofits exploring social enterprise
enter national business planning competitions
Yale, McKinsey & Goldman Sachs
more than 470 volunteer consultants
What role can we play?
Open Discussion
Relevant Subject Matter Expertise
Relevant Skill Sets
Public/Private Partnerships
The Harvard Social Enterprise Conference - Feb 27th 2010
Save the date
Presenter:
Zoheb Veljee
Date:
Friday - the 13th of Nov 2009
Jerr Boschee, Institute of Social Entrepreneurs
Social Entrepreneurship Summit, Canada
The Nonprofit Career Guide
Harvard Social Enterprise Conference

Sources:
Full transcript