Burton D. Morgan Center for Entrepreneurship




                                Social Entrepreneurship – Costa Rica
    ...
Overview

•   Entrepreneurship/Philanthropy/Social Entrepreneurship
•   Entrepreneurship/nonprofit/Social Enterprise
•   S...
Defining
Entrepreneurship – The process by which one
organizes, manages, and assumes the risks of
a business or enterprise...
Qualities of an Entrepreneur
• Sees Opportunities                            COMPETITION
                                 ...
Social Entrepreneur
                                        • Sees Opportunities to Improve the Lives of
                 ...
Entrepreneurship / Nonprofit
Organizations / Social Enterprise
        “Entrepreneurship is the essence of
    free enterp...
*Number of Nonprofit Organizations in
       the United States, 1996 - 2006

                                            1...
Pioneers
           for Social Entrepreneurship
• William Dryton founded Ashoka 1980 (international)

• Gregory Dees – 198...
Why Social Entrepreneurship?
• Creates a process that encourages change, both
  economic and social, through leadership an...
Social Enterprise

•   May be a for-profit company that has incorporated a
        social mission into their way of doing ...
Types of Businesses
              for Social Enterprise
   Social Corporate Responsible Business

• Limited Liability Comp...
Examples
                                Social Enterprise
Newman’s Own
Ben & Jerry’s
Greyston Bakery
Goodwill Industries
...
Examples cont’d

                                      Goodwill Industries –


  Social Mission with a
     Retail Store?
...
Examples cont’d
           Stonehenge Limited

"tie one on" before driving. Support of MADD
and its efforts to change Amer...
Examples, cont’d


     eBay founder donates $100 Million to
  Tufts University for social entrepreneurship

  “Tufts will...
Personal Note




 Social Entrepreneurship
is the humanitarian side of
       sustainability.
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Social Entrepreneruship

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This PowerPoint was presented during a Maymester class at EARTH University in Costa Rica 2009. The purpose of the presentation is to share some interesting facts, partnership, similarities and differences associated with entrepreneurship, social entrepreneurship, social enterprise, and philanthropy. It was created to stimulate thought and discussion on the subject of economic and social return on investment.

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Social Entrepreneruship

  1. 1. Burton D. Morgan Center for Entrepreneurship Social Entrepreneurship – Costa Rica EARTH University May 18 – June 10, 2009 Nancy Clement nic@purdue.edu 765.494.9884 Copyright© 2009 Nancy Clement-Purdue University
  2. 2. Overview • Entrepreneurship/Philanthropy/Social Entrepreneurship • Entrepreneurship/nonprofit/Social Enterprise • Statistics on Nonprofits • Pioneers in Social Entrepreneurship • Why Social Entrepreneurship? • Social Enterprise • Types of Business for Social Enterprise • Examples
  3. 3. Defining Entrepreneurship – The process by which one organizes, manages, and assumes the risks of a business or enterprise for personal gain. Philanthropy – Giving to promote human welfare, without expectation of receiving something in return. Social Entrepreneurship – The art of simultaneously pursing both a financial and a social return on investment.
  4. 4. Qualities of an Entrepreneur • Sees Opportunities COMPETITION competition • Risk Taker • Accepts Responsibility competition competition • Make Money competition • Wants to be Rich • Protects IP • Aspires towards IPO • Independent IP • Own Boss • Maintains Control 2009 copyright nancy clement
  5. 5. Social Entrepreneur • Sees Opportunities to Improve the Lives of others IP • Risk Taker • Accepts Responsibility IP • Make Money for Sustainability of Mission • EnRiches others • Shares Protected IP IP IP • Aspires to Achieve IPO - Community Wide • In dependence with Others IP • Boss of Own Destiny IP • Relinquishes Control IP IP IP 2009 copyright nancy clement IP
  6. 6. Entrepreneurship / Nonprofit Organizations / Social Enterprise “Entrepreneurship is the essence of free enterprise because the birth of new businesses gives a market economy its vitality.” (Bygrave, 2004) Social service spending make up about 15% of the GDP and 2/3 of the Federal Budget. (2007 US Census) Social Enterprise is a combination of free enterprise and the “love of mankind.”
  7. 7. *Number of Nonprofit Organizations in the United States, 1996 - 2006 1996 2006 # of Orgs % of # of Orgs. % of change Orgs Orgs All Nonprofits Organizations 1,084,939 100% 1,478,194 100% 36.2% 501(c)(3) Public Charities 535,930 49.4% 904,313 61.2% 68.7% Private Foundations 58,774 5.4% 109,852 7.4% 86.9% * IRS Business Master File 01/2007 – National Center for Charitable Statistics
  8. 8. Pioneers for Social Entrepreneurship • William Dryton founded Ashoka 1980 (international) • Gregory Dees – 1989 Duke University “the meaning of social entrepreneurship.” (www.fuqua.duke.edu) (non-profit) • Skoll Foundation was created by Jeff Skoll in 1999 to pursue his vision of a world where all people, regardless of geography, background or economic status, enjoy and employ the full range of their talents and abilities. • Schwab Foundation – 2000 – Applying practical, innovative and sustainable approaches to benefit society, with and emphasis on those who are marginalized and poor.” • Muhammad Yunus – 2006 Nobel Peace Prize for Social Entrepreneurship (Grameen Bank-international)
  9. 9. Why Social Entrepreneurship? • Creates a process that encourages change, both economic and social, through leadership and business practices while maintaining the focus on the organization’s mission. • Provides income opportunities for many people held in the grips of poverty. • A process by which nonprofit organizations explore income generating businesses that provide sustainable income and focus on the double bottom line”.
  10. 10. Social Enterprise • May be a for-profit company that has incorporated a social mission into their way of doing business. • May work directly with a non-profit organizations. • May have a legal agreement which secures an income stream to a non-profit • May provide a service that enhances the non-profits mission. • May have an environmental mission.
  11. 11. Types of Businesses for Social Enterprise Social Corporate Responsible Business • Limited Liability Company (or Partnership) – Lowprofit Limited Liability Companies (L3C) • Corporations: – C-Corporation – S-Corporation – B-Corporation
  12. 12. Examples Social Enterprise Newman’s Own Ben & Jerry’s Greyston Bakery Goodwill Industries University Research Private Foundations Jerry Greenfield explains “It’s not that business is evil or bad, it is mainly without values.” He stresses that business values should be socially conscious or mission-based. The Purdue Series on Corporate Citizenship and Ethics-November 29,2005
  13. 13. Examples cont’d Goodwill Industries – Social Mission with a Retail Store? Retail Store with a Social Mission? Retrieved from - http://www.goodwill.org/page/guest/about/whatwedo
  14. 14. Examples cont’d Stonehenge Limited "tie one on" before driving. Support of MADD and its efforts to change America's attitude toward drinking and driving, introduced "The Molecular Expressions™ Cocktail Collection men's neckwear. Recreate the molecular structures of alcoholic beverages.
  15. 15. Examples, cont’d eBay founder donates $100 Million to Tufts University for social entrepreneurship “Tufts will not lend money directly to entrepreneurs. Instead, it will make a variety of large investments, mostly loans at first, in private partnerships and investment firms. They, in turn, will support as many as 10,000 non-profit and for profit groups.” Source USA Today, November 4, 2005
  16. 16. Personal Note Social Entrepreneurship is the humanitarian side of sustainability.

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