(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
Dianne Welsh, UNC Greensboro
Theresa Michl, Munich School of Management
“shoulders of giants...”
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
Partial list of the 'suspects”
Residual claimant theory
Cobb-Douglas production functions
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
My biased (but correct)
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?
(And By WHAT Means??)
Sure sounds like a business model
Business Models 101
(what's the value and to whom?)
(how is delivered & by whom?)
(who gets 'paid' & how/where/when)
....and as Filipe shows, “capture” for SE's can
be, um, complicated
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....
(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
Another angle: Externalities
Also can be positive or negative or...
Certainly can have complex, differential
effects on various stakeholders
Any organization has multiple
Willingly or unwillingly
(even purely economic entrepreneurs,
If I think I'm one of your stakeholders...
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
[insert here a complex set-theoretic n-
dimensional production function with n-
dimensional output function;
Further assume fuzzy sets;
Represent via tensor calculus]
Beyond the For-Profit/Hybrid/non-
Does anyone think ventures are uniformly
distributed across the cells?
Should we be able to create multi-dimensional
taxonomy to categorize “entrepreneurial”
(per Tom L – maybe there's an added
dimension for process? “Entrepreneurial”
Analytic Tools? (quant?)
(insert another incredibly complex
(but probably fuzzy sets and definitely
Amenable to cluster analysis or profile
Which clusters/profiles are most prevalent?
Which are most effective?
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
How can I help YOU get
Global Entrepreneurship Week
(How can I help YOU get