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! 4 3 2 1 Thinking like an entrepreneur .
What is entrepreneurship?
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
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 Qualities Cross Disciplines Self-correct Share Credit Strong Ethical Impetus Break from Structure Work “ Quietly” Bornstein, D. (2004). How to Change the World: Social Entrepreneurs and the Power of New Ideas .