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!

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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