Beyond Baumol...
(or... Moving Past 'Productive', 'Unproductive' &
'Destructive': How Social Entrepreneurship Helps
Us Gen...
“shoulders of giants...”
Jill Kickul
Jennifer Woolley & Maija Renko (from Wed!)
Johanna Mair (& Christian Seelos from Thur...
Partial list of the 'suspects”
Baumol's typology
Rents
Social rents
Externalities
Residual claimant theory
Tensor calculus...
What Do We Mean by...
“I intend to be a social entrepreneur”??
As noted frequently thus far...
Who is gaining rents? (or n...
My biased (but correct)
assumptions
For good entrepreneurs, entrepreneurship isn't about
YOU; it's about creating value fo...
Baumol's trichotomy
Productive
Unproductive
Destructive
BUT....
For WHOM?
(FROM Whom?)
(And By WHAT Means??)
Sure sounds like a business model
topic...
Business Models 101
Value Proposition
(what's the value and to whom?)
Value Delivery
(how is delivered & by whom?)
Value C...
Rents
Speak to 'sustainability'
Can be positive or negative
Can be economic or non-economic
Can be multi-dimensional (but....
Social Rents
(Colleen Robb & Jeff Stamp, ICSB 2010)
More than merely non-economic
Or Bosse's mix of economic & non-economi...
Externalities
Another angle: Externalities
Also can be positive or negative or...
Mixed (multi-dimensional)
Certainly can ...
Stakeholders
Any organization has multiple
stakeholders
Willingly or unwillingly
(even purely economic entrepreneurs,
Tom!...
Why Not a Model to
Make Paul Light Happy?
Assume that Entrepreneurs (of any type):
(Value Proposition Set)
INTEND to Devel...
Production function
[insert here a complex set-theoretic n-
dimensional production function with n-
dimensional output fun...
Beyond the For-Profit/Hybrid/non-
Profit Continuum?
Does anyone think ventures are uniformly
distributed across the cells?...
Analytic Tools?
Baumol Trichotomy versus Stakeholders
Stakeholder Rents/Externalities Map
(economic & non-economic)
Ecosys...
Analytic Tools? (quant?)
(insert another incredibly complex
mathematical formula)
(but probably fuzzy sets and definitely
...
Implications for Measurement?
Tie measurement to rents? (externalities??)
What did we INTEND?
What did we ACHIEVE?
How did...
s: 17
es: 14,007
How can I help YOU get
involved?
www.StartupWeekend.org
Global Entrepreneurship Week
Nov 15-22
www.UnleashingIdeas.org
(How can I help YOU get
involved?)
Contact us!
 Norris
– norris.krueger@gmail.com
 @entrep_thinking
 also LinkedIn, Facebook
 Theresa
– michl@lmu.de
 Di...
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2010 nyu2pdf

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so what ARE the 'flavors' of social entrepreneur?

from 2010 NYU Satter conference

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2010 nyu2pdf

  1. 1. Beyond Baumol... (or... Moving Past 'Productive', 'Unproductive' & 'Destructive': How Social Entrepreneurship Helps Us Generalize Baumol's Typology) OR... How social entrepreneurs can teach entrepreneurs, part 47.. ?? Norris Krueger, Entrepreneurship Northwest (norris.krueger@gmail.com @entrep_thinking) Dianne Welsh, UNC Greensboro Theresa Michl, Munich School of Management (but......).
  2. 2. “shoulders of giants...” Jill Kickul Jennifer Woolley & Maija Renko (from Wed!) Johanna Mair (& Christian Seelos from Thurs!) Sophie Bacq (& Frank Janssen) Filipe Santos; Jeff Robinson; Geoff Kistruck Sharon Alvarez; Tom Lumpkin (not just Thurs) Colleen Robb (Post) & Jeff Stamp Doug Bosse; Jon Entine; Sandy Gough Marc Gruber, Carina Lomberg, Jana Thiel and of course... Will Baumol
  3. 3. Partial list of the 'suspects” Baumol's typology Rents Social rents Externalities Residual claimant theory Tensor calculus Cobb-Douglas production functions Entrepreneurial lntentions!
  4. 4. What Do We Mean by... “I intend to be a social entrepreneur”?? As noted frequently thus far... Who is gaining rents? (or not?) What's the revenue model? Who is delivering the value? Etc. etc. (thus...) Nonprofit-Hybrid-ForProfit dimension is far from sufficient
  5. 5. My biased (but correct) assumptions For good entrepreneurs, entrepreneurship isn't about YOU; it's about creating value for others. Great entrepreneurs act like social entrepreneurs. “Entrepreneurs Pay Themselves Last” Residual Claimant model: Entrepreneurs generate value for customers, suppliers, employees, community, etc., etc. And THEN get paid So What Can Social Entrepreneurs Teach Us?
  6. 6. Baumol's trichotomy Productive Unproductive Destructive
  7. 7. BUT.... For WHOM? (FROM Whom?) (And By WHAT Means??) Sure sounds like a business model topic...
  8. 8. Business Models 101 Value Proposition (what's the value and to whom?) Value Delivery (how is delivered & by whom?) Value Capture (who gets 'paid' & how/where/when) ....and as Filipe shows, “capture” for SE's can be, um, complicated
  9. 9. Rents Speak to 'sustainability' Can be positive or negative Can be economic or non-economic Can be multi-dimensional (but...) In theory, they are objective but....
  10. 10. Social Rents (Colleen Robb & Jeff Stamp, ICSB 2010) More than merely non-economic Or Bosse's mix of economic & non-economic More than the aggregation of individual rents Think supernormal social impact
  11. 11. Externalities Another angle: Externalities Also can be positive or negative or... Mixed (multi-dimensional) Certainly can have complex, differential effects on various stakeholders
  12. 12. Stakeholders Any organization has multiple stakeholders Willingly or unwillingly (even purely economic entrepreneurs, Tom!) If I think I'm one of your stakeholders... I am!
  13. 13. Why Not a Model to Make Paul Light Happy? Assume that Entrepreneurs (of any type): (Value Proposition Set) INTEND to Develop Rents for Stakeholders (Value Delivery Set) Have an intended production function that allocates rents & externalities to stakeholders
  14. 14. Production function [insert here a complex set-theoretic n- dimensional production function with n- dimensional output function; Further assume fuzzy sets; Represent via tensor calculus] OR....
  15. 15. Beyond the For-Profit/Hybrid/non- Profit Continuum? Does anyone think ventures are uniformly distributed across the cells? Should we be able to create multi-dimensional taxonomy to categorize “entrepreneurial” ventures? (per Tom L – maybe there's an added dimension for process? “Entrepreneurial” versus “Bureaucratic”?)
  16. 16. Analytic Tools? Baumol Trichotomy versus Stakeholders Stakeholder Rents/Externalities Map (economic & non-economic) Ecosystem (Stakeholder) Map? JW map?
  17. 17. Analytic Tools? (quant?) (insert another incredibly complex mathematical formula) (but probably fuzzy sets and definitely multiplicative) Amenable to cluster analysis or profile analysis: Which clusters/profiles are most prevalent? Which are most effective?
  18. 18. Implications for Measurement? Tie measurement to rents? (externalities??) What did we INTEND? What did we ACHIEVE? How did we implement? (Can we look to others in 'our' cluster for BPs?)
  19. 19. s: 17 es: 14,007 How can I help YOU get involved? www.StartupWeekend.org
  20. 20. Global Entrepreneurship Week Nov 15-22 www.UnleashingIdeas.org (How can I help YOU get involved?)
  21. 21. Contact us!  Norris – norris.krueger@gmail.com  @entrep_thinking  also LinkedIn, Facebook  Theresa – michl@lmu.de  Dianne  dhwelsh@uncg.edu

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