6/20/2013 1 We will start momentarily at 2pm ET Contact ACS Webinars™at [email protected]Slides available now! Presentation available ONE WEEK after the webinar: http://acswebinars.org/chemical-entrepreneurship-2013 1 Have Questions? Use the Questions Box! Or tweet using #acswebinars Contact ACS Webinars™at [email protected]2 Slides available now! Presentation available ONE WEEK after the webinar: http://acswebinars.org/chemical-entrepreneurship-2013
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Chemical Entrepreneurship #5 - Building a Successful ... Exchange of Scholars ... • Florence Nightingale (U.K.): ... •Muhammed Yunus, Founder of Grameen Bank, Bangladesh
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• Types of Social Enterprise business models (e.g., For-
Profit vs. Non-Profit)
• What Social Enterprise looks like today
• Modern Social Enterprise Business Models
• Specific Examples of Social Enterprises
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Overview of Social Enterprise
What is Social Enterprise?
• Short Def: Enterprise for the greater good.
• Longer Def: Business that is focused on solving
social or environmental problems to make the
world a better place.
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Overview of Social Enterprise What others are saying?
Social Enterprise Alliance:
Social enterprises are businesses whose primary purpose is the common good. They use the methods and disciplines of business and the power of the marketplace to advance their social, environmental and human justice agendas. (www.se-alliance.org)
Wikipedia:
A social enterprise is an organization that applies commercial strategies to maximize improvements in human and environmental well-being, rather than maximising profits for external shareholders. Social enterprises can be structured as a for-profit or non-profit, and may take the form of a co-operative, mutual organization, a social business, or a charity organization.
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Overview of Social Enterprise
Related Concepts…
Social Innovation: “Creativity for the Greater Good” (WSJ Online, 5/25/11: http://online.wsj.com/article/7AD57DAA-4E36-4098-B43A-
Social Entrepreneurs: “Just as entrepreneurs change the face of business, social entrepreneurs act as the change agents for society, seizing opportunities others miss and improving systems, inventing new approaches, and creating solutions to change society for the better. While a business entrepreneur might create entirely new industries, a social entrepreneur comes up with new solutions to social problems and then implements them on a large scale.”
(https://www.ashoka.org/social_entrepreneur ) *Note: Very similar to a definition posted on Skoll Foundation’s web site: http://www.skollfoundation.org/about/skoll-awards/skoll-award-for-social-entrepreneurship-glossary/)
• Susan B. Anthony (U.S.): Fought for Women's Rights in the United States, including the right to control property and helped spearhead adoption of the 19th amendment (19th & 20th Century).
• Dr. Maria Montessori (Italy): Developed the Montessori approach to early childhood education (19th & 20th Century).
• Florence Nightingale (U.K.): Founder of modern nursing, she established the first school for nurses and fought to improve hospital conditions (19th Century).
•
• St. Francis of Assisi (Italy): Founded three (and inspired many more) enterprises that have served the poor throughout the world (13th Century).
• Henry J. Kaiser and Sidney Garfield (U.S.) Founders of Kaiser Permanente Health Care in 1945.
• John Muir (U.S.): Naturalist and conservationist, he established the National Park System and helped found The Sierra Club. (19th & 20th Century)
• For-Profit: Firm is structured like any other for-profit business, though it also values social impact. (Trade off profit for impact.)
• Non-Profit: Firm is structured like any other non-profit business, though with an emphasis on a sustainable business model, not donations/grants.
• Hybrid (“Social Business”): Muhammad Yunus, Firm is for-profit though it should not generate huge profits – “no loss, no dividend.” (E.g., Grameen Danone, 2006) http://en.wikipedia.org/wiki/Grameen_Danone )
• Benefit Corporation: A legal designation for firms that “(create) a material positive impact on society and the environment.” These firms have an expanded fiduciary requirement to consider nonfinancial interests, including providing annual reports on the “overall social and environmental performance using recognized third party standards.” (source: http://benefitcorp.net/)
• Social Enterprise is now a large and growing space of businesses that are dedicated to making a social or environmental impact while generally trying to remain at least financially sustainable.
CSR v. Social Enterprise • CSR (Corporate Social Responsibility) has become very popular,
especially post-Enron . . . But this is essentially taking a firm that does well and trying to ensure that it also does good (or at least no harm to stakeholders).
• SE firms’ major raison d’etre is to do good . . . and--what sets it apart from traditional charity is--they hope to do well in the process.
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Modern Social Enterprise Business Models
Some Basic Examples:
• Microfinance—granting financial products to those who are
traditionally “unbanked” to help reduce poverty
• Grameen Bank http://www.grameen.com/
• Accion San Diego http://www.accionsandiego.org/
• La Maestra Community Health Centers http://www.lamaestra.org/
• Accion Verde is a Colombian for-profit enterprise that obtains revenues by producing positive social and environmental impacts, by planting trees in strategic places of Colombia, calling on third party Social Responsibility resources. http://www.accionverde.org.co/
• El Dot Designs makes “mindful furniture and accessories” using renewable resources such as bamboo. Their products “. . . are handmade and finished without the use of harmful materials, are created in collaboration with artisans at home and abroad, contribute to personal wellbeing while benefiting our local & global community.” http://eldotdesigns.com/
• Peeled Snacks makes healthy, all-natural snacks. “We strive to
bring you natural, premium ingredients so you can feel good
about snacking. We believe a healthy diet includes a balanced
mixture of protein, fiber, and carbohydrates to help you stay fit
and active. Eating well doesn't have to mean eating tasteless,
bland foods. It does, however, mean eating a healthy, wide range
of foods from every food group.” http://www.peeledsnacks.com/
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Additional Reading
• Bornstein, David. (2004). How to Change the World: Social Entrepreneurs and the Power of New Ideas. Penguin Books.
• Bornstein, D., & Davis, S. (2010). Social Entrepreneurship: What Everyone Needs to Know. Oxford University Press, USA.
• Prahalad, C. K. (2010). The Fortune at the Bottom of the Pyramid: Eradicating Poverty through Profits. Wharton
• Schwartz, B. (2012). Rippling: How Social Entrepreneurs Spread Innovation Throughout the World. Jossey-Bass
• Scofield, R. (2011). The Social Entrepreneur's Handbook: How to Start, Run and Build a Business that Improves the World. McGraw-Hill
• Smillie, Ian. (2009). Freedom from Want: The Remarkable Success Story of BRAC, the Global Grassroots Organization That’s Winning the Fight against Poverty. Kumarian Press.
• Yunus, Muhammad. (2007). Creating a World Without Poverty: Social Business and the Future of Capitalism. Public Affairs.
• Yunus, Muhammad. (1995). Banker to the Poor: Micro-Lending and the Battle Against World Poverty. Public Affairs.
"The intention is to feed the homeless. We provide cheap, healthy, hot meals where they can use their CalFresh benefits," Teresa Smith, Dreams for Change, CEO.
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Fresh Food Truck Customers
One can get a full meal under $4 with drinks costing as low as 25 cents.
Fresh Food Truck Worker
“Our goal is really to train homeless individuals and their workforce skills to go out and operate their own trucks.”
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Fresh Food Truck Workers
The food truck travels in Downtown San Diego with its main location across the Neil Good Day Center on 16th Street and Imperial Avenue.