What's Social Entrepreneurship?

Part 2: Digging Deeper

"Social entrepreneurship isn't giving someone a fish or even teaching someone to fish. It is revolutionizing the fishing industry." - Bill Drayton

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Agenda

• 7:15 - 7:30 PM
• Discussion: definitions of social entrepreneurship

• 7:30 - 7:45 PM
• Social-entrepreneurship vs. other forms of service

• 7:45 - 7:50 PM
• Articles - Questions and Problems

• 7:50 - 8:15 PM
  
• Activity: Speed Dating

• 8:15 - 8:45 PM
• Video: Infinite Vision

• 8:45 - 9:00 PM
• Discussion: What qualities of social entrepreneurship do you see in Aravind Eye Care?

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Class Notes

Discussion: definitions of social entrepreneurship

• *mission*: ultimate motivation is social impact
• identifies social problem, changes it
  
• seeks to change pattern of how things are done, instead of one new service
• inspires imitators, creates ecosystem, does not seek to meet but seek to reduce need
  
• innovative
• does a lot with a little
• has long-term persistence
• sustainable
• bold, courageous, but realistic
• part of cycle of "creation and destruction" (Schumpetor)
• value generation
• takes direct (vs. indirect =social activism) action
• builds and builds on relationships

Social-entrepreneurship vs. other forms of service

	Existing system improved	New equilibrium created and sustained	Examples
Direct	social service	social entrepreneurship	Grameon, OneWorld Health, Kickstart
Indirect		social activism	MLK, Gandhi

1. Social service provision: improving current system for direct impact
2. Social activism: influence other actors to do service (petitioning, lobbying)
3. Social entrepreneurship: effecting change with your own skill

Articles - Questions and Problems

1. Insider vs. outsider perspective on social entrepreneurship
2. Accountability problem - multiple stakeholders

Activity: Speed Dating

• find out info about neighbor
• we are pretty much very cool people

Video: Infinite Vision

• Aravind Eye Clinic: set in India, started by Dr. V
  

• mission: eradicate needless blindness
• 80% of blindness is needless blindness, can be cured

Discussion: What qualities of social entrepreneurship do you see in Aravind Eye Care?

• sustainable

• financial model efficient

• impact great

• does a lot with limited resources

• direct work with the blind

• willingness to take risk
• involve different actors, e.g. three generations of Dr. V's family
  

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Assignments for 1/29

• read Now the Good News by Keith Hammonds, Fast Company
• revised: no reading questions
  
• skim sections of Investing in Society by Meehan, Kilmer, and O'Flanagan,Stanford Social Innovation Review
• sections: "The Social Capital Market", "The Efficiency Question", "Expect a Social Return", "What Impact, Efficiency?"
• no reading questions
  
• choose an organization (can be one of the 6 you originally researched) and post a short paragraph on the Organizations page on what makes it socially entrepreneurial
• revised: research Kevin Jones, Principal at Good Capital who will be the guest speaker for 1/29.
• post 2 questions for Mr. Jones

• further reading (optional)
• patient capital; social venture capital
• Patient Capital: The Next Step Forward?, Nonprofit Finance Fund
• Jacqueline Novogratz: Tackling poverty with "patient capital", TED Talks (video)
• The Restless Growth of 'Patient Capital', WorldChanging
• Capital Ideas and Social Goals, New York Times
• community development funds
• Community Investment in San Jose, New York Times
• These venture capitalists also hope to help poor communities,
  
• venture philanthropy
  
• If Pigs Had Wings: The Appeals and Limits of Venture Philanthropy, by Bruce Sievers, The Walter and Elise Haas Fund
  
• Venture Philanthropy Embraces Key Strategies of Venture Capitalists, Knowledge@Wharton
• Venture Philanthropy :The Future of Philanthropy or Misguided Hubris?, NESsT
• REDF resources page