1. Social Entrepreneurship Defined Module 1 Copyright © 2011-2012 VENTURE HIGHWAY

2. Before today you should have: Registered on the Venture Highway site Reviewed the Syllabus Read Module 1 Completed the Review Exercises Module 1 Copyright © 2011-2012 VENTURE HIGHWAY

3. What Makes a Social Entrepreneur? Not just young people Relentless, like any entrepreneur Motivation is the differentiator “people who cannot stand to watch others suffer, people who cannot stand to see others missing opportunities they should have.” Copyright © 2011-2012 VENTURE HIGHWAY

4. What Makes a Social Entrepreneur? Ashoka Foundation criteria:  Creativity  Entrepreneurial Quality – This is an intangible – what does it mean to you?  The Social Impact of the Idea  Ethical Fiber Copyright © 2011-2012 VENTURE HIGHWAY

5. Social Entrepreneurship Is… Depends on who you ask Entrepreneurship refers to the person – the innovator The Social Enterprise is the entity Copyright © 2011-2012 VENTURE HIGHWAY

6. Social Entrepreneurship Is… Common Threads of various definitions:  Sustainable solution to a social problem (sustainable meaning a long-term solution, addressing the cause of the problem)  Applying business principles/entrepreneurial processes  Some revenue from some activities  Social Value Creation – creating value for society, not just an individual Copyright © 2011-2012 VENTURE HIGHWAY

7. Social Innovation A Broader Concept:  Innovating to solve a social problem  Can be a social enterprise or:  An idea that spreads  Legislation  A social movement Copyright © 2011-2012 VENTURE HIGHWAY

8. Types of Social Entrepreneurship Social Enterprise is the broad term to encompass social entities that operate using business principles to achieve a social goal.  Social firm – Enterprise founded to employ those with barriers to employment  Social Business – Specific type of enterprise as defined by Muhammad Yunus: the enterprise is self-sustaining with revenue, but no one profits. Profits are reinvested. Copyright © 2011-2012 VENTURE HIGHWAY

9. Types of Social Entrepreneurship  Social Intrapreneurship – Socail innovation from within a for-profit company  Venture Philanthropy – Venture Capitalists investing in social entrepreneurs for a return – financial or social return  Non-profits with revenue – They add some activity unrelated to their mission in order to generate revenue – does this make them a social enterprise? Copyright © 2011-2012 VENTURE HIGHWAY

10. Types of Social Entrepreneurship  Cooperatives – Collective of organizations that share resources  Traditional non-profit – If they use business principles to operate successfully, are they a social enterprise?  Can you think of any others? Copyright © 2011-2012 VENTURE HIGHWAY

11. Types of Social Entrepreneurship  Cooperatives – Collective of organizations that share resources  Traditional non-profit – If they use business principles to operate successfully, are they a social enterprise?  Can you think of any others? What is not social entrepreneurship:  Social Activism  Social Services  Do you Agree? Copyright © 2011-2012 VENTURE HIGHWAY

12. Is All Entrepreneurship Social? Entrepreneurs solve a problem for some group of customers, they help create wealth, and they create jobs. Therefore entrepreneurship is good for society – all entrepreneurs create positive social change. So, is all entrepreneurship social? Copyright © 2011-2012 VENTURE HIGHWAY

13. History and Emergence of SE Early Social Entrepreneurs:  Florence Nightingale  Mahatma Ghandi  Dr. Maria Montessori Can you think of others? Copyright © 2011-2012 VENTURE HIGHWAY

14. History and Emergence of SE Social Entrepreneurship is a growing movement – why now?  More people have freedom  Increased wealth  Increased life spans  Access to education  Decreased racial and gender barriers  Access to information What else? Copyright © 2011-2012 VENTURE HIGHWAY

15. The Big Picture Social Entrepreneurs can solve every social problem. 1. Do you believe this to be true? 2. What can be done to support social entrepreneurs (by anyone in any way)? Copyright © 2011-2012 VENTURE HIGHWAY

16. Class exercise In order to create a system in which social entrepreneurs are best able to address social problems, what can the following entities do?  Governments  Private companies  Investors/Venture Capitalists  Schools and universities  Individuals  Foundations  Other Copyright © 2011-2012 VENTURE HIGHWAY

17. For Next Class Read Module 2 Complete review exercises Copyright © 2011-2012 VENTURE HIGHWAY