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Could social entreprise reform capitalism?

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Could social entreprise reform capitalism?

  1. 1. Could social enterprise reform capitalism and solve some of the world’s biggest problems? SOCIAL ENTERPRISE BY NUMBERS © Copyright 2012 London Business School
  2. 2. THE THREE Ps 03 Many social entrepreneurs pursue a triple bottom line, aiming to deliver social, environmental and economic benefits (people, planet, profit) through the actions of the social enterprise. BUSINESS STRATEGY REVIEW 1
  3. 3. GLOBAL ASSOCIATIONS 1981 At the beginning of the 1980s, Bill Drayton founded Ashoka, a global association of social entrepreneurs. Since then this US headquartered organisation has elected some 3,000 leading social entrepreneurs as Ashoka Fellows, in over 70 countries, providing them with living stipends and professional support. Ashoka says that just over 80% of their Fellows have “changed a system at a national level in at least one way within 10 years of election”. Ashoka.org BUSINESS STRATEGY REVIEW 2
  4. 4. £600MILLION Big Society Capital, the world's first 'social investment market builder' was launched by the UK government in April 2012. The independent organisation was capitalised with £600 million to invest in social enterprise via social investment finance intermediaries. bigsocietycapital.com BUSINESS STRATEGY REVIEW 3
  5. 5. “Social investment empowers social entrepreneurs to help those whom our society leaves behind.” Sir Ronald Cohen, Chair of Big Society Capital BUSINESS STRATEGY REVIEW 4
  6. 6. Social workforce 800,000 Number of people working in UK social enterprises. Annual Survey of Small Businesses, UK 2010 BUSINESS STRATEGY REVIEW 5
  7. 7. £91.7BILLION With little consensus globally on how terms like social enterprise should be defined, or even if they are the appropriate terms at all, sector figures vary considerably. Some sources, for example, suggest there are about 213,000 broadly defined social enterprises in the UK, contributing £91.7bn to GDP each year. deltaeconomics.com BUSINESS STRATEGY REVIEW 6
  8. 8. MEASURED RESULTS £24BILLION The amount that social enterprise is said to contribute annually to the UK economy measured as Gross Value Added. Annual Survey of Small Businesses, UK 2010 BUSINESS STRATEGY REVIEW 7
  9. 9. 3.3MILLION The number of NGOs in India. Between 2006 and 2009 numbers grew by 10% a year. BUSINESS STRATEGY REVIEW 8
  10. 10. “A hand up, not a hand out.” Big Issue mission Statement BUSINESS STRATEGY REVIEW 9
  11. 11. TRADING PLACES $250MILLION Since its formation in 1999, the US-based Skoll Foundation has awarded over $250 million to individual social entrepreneurs, social enterprises and other “organisations creating a brighter future for underserved communities”. The Foundation was started by Jeff Skoll, philanthropist, social entrepreneur, and former president of eBay. skollfoundation.org BUSINESS STRATEGY REVIEW 10
  12. 12. MEASURED RESULTS $11.35BILLION The total amount of money disbursed by social enterprise Grameen Bank in microcredit loans as of October 2011. The Bangladesh-based bank was started in the 1970s by Nobel Peace Prize winner Muhammad Yunus, a pioneer of the microcredit methodology. Of the 8.35 million borrowers, 96% are women, and the borrowers own 95% of the bank. The loan recovery rate is just over 96%. grameen-info.org BUSINESS STRATEGY REVIEW 11
  13. 13. Trading places The number of subscribers to Grameenphone's mobile phone network in Bangladesh (one of the world's poorest nations). The endeavours of this social enterprise mean that 99% of the country's population, much of it rural, is within its EDGE/GPRS enabled network coverage. grameenphone.com BUSINESS STRATEGY REVIEW 12
  14. 14. MONEY men 1944 Some argue that the origins of social enterprise lie in the groups like the Diggers Protestant nonconformists led by Gerrard Winstanley in England in the 17th century. A more obvious connection, though, is with the Rochdale Society of Equitable Pioneers, founded in 1844, the prototype for the co-operative movement. forbes.com/billionaires BUSINESS STRATEGY REVIEW 13
  15. 15. PLAN B +500 The number of certified B Corporations across 60 industries in the United States. Benefit Corporations aim to benefit society as well as shareholders. grameenphone.com BUSINESS STRATEGY REVIEW 14
  16. 16. 687 MILLION There are 687 million mobile phone connections in Africa and 937 million in India. Of the six billion mobile subscriptions, some 3.4 billion are in low- and middle-income economies. grameenphone.com BUSINESS STRATEGY REVIEW 15
  17. 17. ENTERPRISING NUMBERS 68,000 The approximate number of social enterprises in the UK economy. Annual Survey of Small Businesses, UK 2010 BUSINESS STRATEGY REVIEW 16
  18. 18. This report was part of Business Strategy Review, Volume 23 Issue 4 - 2012 Visit the website www.london.edu/bsr BUSINESS STRATEGY REVIEW 17

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