APS1015 Class 11: Emerging Issues in Social Entrepreneurship
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APS1015 Class 11: Emerging Issues in Social Entrepreneurship

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This class focuses on understanding some of the emerging issues and opportunities currently facing the field of social entrepreneurship. The lecture will also provide students with a sense of the ...

This class focuses on understanding some of the emerging issues and opportunities currently facing the field of social entrepreneurship. The lecture will also provide students with a sense of the career opportunities available to them.

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APS1015 Class 11: Emerging Issues in Social Entrepreneurship APS1015 Class 11: Emerging Issues in Social Entrepreneurship Presentation Transcript

  • APS 1015: Social Entrepreneurship Class 11: Emerging Issues in Social Entrepreneurship Wednesday, July 17, 2013 1 Instructor: Norm Tasevski (norm@socialentrepreneurship.ca) Karim Harji (karim@socialentrepreneurship.ca)
  • © Norm Tasevski & Karim Harji Agenda •  Guest Speaker – Joyce Sou (MaRS Centre for Impact Investing) •  Break •  Course Recap •  Reminder on Final Presentations 2
  • Guest Speaker – Joyce Sou 3
  • Course Summary… 4
  • © Norm Tasevski & Karim Harji Class 1 – Intro to Social Entrepreneurship In the beginning… 5 Then… Private Sector •  Earn $ •  Pay tax •  Donate to charity Public Sector •  Collect tax •  Run programs •  Grant to charity Nonprofit Sector •  Receive donations/grants •  Run programs Nonprofit Sector •  Donations •  Grants •  Sustainability Response? Nonprofit Sector Private Sector Activities
  • © Norm Tasevski & Karim Harji 6
  • © Norm Tasevski & Karim Harji Class 2 – Systems Mapping 7 Poverty ResultEffect Hunger Cause (Proximate) Can’t grow enough food Cause (Ultimate) Bad soil? Soil erosion? Not enough water? Not enough labour? Over-used soil? Don’t know how to prevent it Rains too hard Changing rain patterns? No irrigation resources? People sick?
  • © Norm Tasevski & Karim Harji Class 3 – Gap Analysis •  Current State vs. Future Stage –  Current State: The amount of “stock” between two elements in a system –  Future State: The ideal level of stock between elements in a system •  Inflows vs. Outflows –  Inflows: An increase in stock –  Outflows: A decrease in stock •  Correcting Loops –  The mechanisms for controlling the inflows and outflows within a social system to maintain an ideal state •  Parameters –  Factors that affect inflow and outflow 8
  • © Norm Tasevski & Karim Harji Class 3 – Gap Analysis •  PESTEL Analysis –  Political: The degree to which government intervenes in a system –  Economic: The degree to which economic factors affect a system –  Social: Cultural factors that affect a system –  Technological: Technological factors found in a system –  Environmental: Ecological and environmental factors in a system –  Legal: The man-made laws governing a system 9
  • © Norm Tasevski & Karim Harji Class 4 – Intervening in a System Leverage Point: An intervention that addresses a gap in a system Types: 1.  Slowing down or speeding up a correcting loop that already exists in a system 2.  Building resiliency in a system through self-organization 10
  • © Norm Tasevski & Karim Harji Class 5 – Idea Jam 11
  • © Norm Tasevski & Karim Harji Class 6 – Market Validation 12 Idea Brainstorm Internal Screen External Screen Validated Solution # Ideas = Dozens # Ideas < 10 # Ideas = 1 to 3 The Idea Funnel
  • © Norm Tasevski & Karim Harji Class 6 – Market Validation 13 Call key industry players (suppliers, competitors, etc) Search databases (industry, scholastic, etc) Conduct web search (Google, etc) Ask people!!! (friends, potential customers, etc)
  • © Norm Tasevski & Karim Harji Class 6 – Market Validation Leverage Point: An intervention that addresses a gap in a system Types: 1.  Slowing down or speeding up a correcting loop that already exists in a system 2.  Building resiliency in a system through self-organization 14
  • © Norm Tasevski & Karim Harji 15 Class 7 – SE Considerations Business Model Generation
  • © Norm Tasevski & Karim Harji Class 7 – SE Considerations 16 ID office building to serve as a “Delivery Hub” ID merchants within the “Delivery Zone” Merchants market the service to customers 1st 2nd 3rd Professionals in Sick Kids will have access to the delivery service Professionals at Sick Kids can receive deliveries from the hot dog vendor, Subway and Starbucks, but not Freshii or Tim Hortons We   Deliver!   An SSO delivery person picks up and delivers the food to the professional Storyboarding
  • © Norm Tasevski & Karim Harji Class 7 – SE Considerations For-Profit Corporation! Non-Profit Corporation! Charity!Partnership! Sole Proprietorship! Co-Operative Corporation!
  • © Norm Tasevski & Karim Harji Class 8 – SE Workshop 18
  • © Norm Tasevski & Karim Harji Class 9 – Managing for Impact 19 +   +   -­‐   -­‐   $  
  • © Norm Tasevski & Karim Harji Class 9 – Managing for Impact! 2020 1.  Identify your social goals –  Theory of Change (defining your social value) –  Embed them within/across your operations 2.  Measure the social value created –  How do you measure your goals? –  Address the common challenges in measurement 3.  Communicate your impact –  Know what to say and who your audience is –  Be creative around your message
  • © Norm Tasevski & Karim Harji Class 10 – Scaling SE The point in time when you have a critical choice: grow substantially larger, stay purposely small, or quit 21 The Scale Opportunity
  • © Norm Tasevski & Karim Harji Class 10 – Scaling SE 2222 IDEA DEVELOPMENT PROOF OF CONCEPT START-UP SCALE REPLICATION EXIT •  Few/no critical decisions made about business model •  Pre-revenue (no product, no customers) •  Timing – typically a few months •  Preliminary business model identified, but may change quickly/fundamentally •  Pre-revenue (product to be validated, customers to be validated) •  Timing – typically <1 year •  First business model decided upon (but could still change) •  First revenues (first product launched, first customers ID’d) •  Timing – 1-2 years (or more) •  Business model solidifies (& new business opportunities emerge) •  Stable revenues (product established, mature understanding of customers) •  Timing – ongoing •  Business model in flux (minor/ major changes made regularly) •  Revenues in flux (inconsistent) •  Timing - ??? (varies) The Scale Opportunity
  • © Norm Tasevski & Karim Harji Guest Speakers 2323
  • Reminder – Your Presentations… 24
  • © Norm Tasevski & Karim Harji Presentation guidelines •  Due Dates –  Investment Pitch: Midnight on Sunday, July 21st •  Format –  PowerPoint deck •  Time Allotment –  12 min presentation (strict) – will give you 5 and 2 minute warnings –  6 min Q&A •  Grading –  To be done by Karim and Norm –  Judges will inform me, but not assign your grades •  Feedback from Judges –  Norm will email his and judges’ feedback shortly after the class to integrate into angel investor pitch 25
  • © Norm Tasevski & Karim Harji Timing •  Arrive by 6:30pm!! •  Group order will be assigned on the Monday prior to the presentation •  At the end of the pitches, the judges will deliberate (for 10 minutes) •  Judges will then provide feedback to the entire class (and I will provide individual group feedback) 26