chemical entrepreneurship #5 - building a successful ... exchange of scholars ... • florence...
TRANSCRIPT
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
6/20/2013
2
If you enjoy ACS Webinars every Thursday…
please support the program!
3
Find the many benefits of ACS membership!
www.join.acs.org
ACS Network (search for group acswebinars)
www.communities.acs.org
4
6/20/2013
3
American Chemical Society
ACS INTERNATIONAL CENTER (IC)
The ACS International Center Webinar Series presents:
2014-15 Fulbright Scholar Opportunities for Academics and
Professionals in the STEM Fields
Featuring speakers from the Fulbright Scholar Programs Council for
International Exchange of Scholars
Thursday, June 27, 2013; 2:00-3:00PM (EST), Free
•Fulbright Scholar Programs organization
•Information on long-term and short-term grants
•Opportunities for Visiting Scholars to the U.S.
•Overview of other Fulbright Programs
6 Contact ACS Webinars™at [email protected]
www.acswebinars.org/most-popular
Enjoy our most popular ACS Webinars !
TM
6/20/2013
4
How has ACS Webinars benefited you?
Be a featured fan on an upcoming webinar! Write to us @ [email protected]
Fan of the Week
7
“allowing me to attend seminars on a
broader range of topics without having to
leave my desk. It also improves access to
cutting edge research for scientists who
would not otherwise have access to the
resources to see such speakers.” Dr. Beth McClure
Postdoctoral Chemist
Physical Biosciences Division
Lawrence Berkeley National Laboratory
TM
8
See all of our ACS Webinets on YouTube at
http://bit.ly/acswebinets
“Feeling short on time? ACS Webinets are 2
minute segments that bring you valuable
snippets from some of our most popular full
length ACS Webinars ”
Q: “Hungry for a brain snack?”
A: on
TM
TM
TM
6/20/2013
5
Upcoming ACS Webinars™
www.acswebinars.org
Thursday, June 27, 2013
Strange Tales from the Periodic Table:
The Disappearing Spoon
Mr. Sam Kean, Author of The Disappearing Spoon
Dr. Darren Griffin, Professor of Genetics, University of Kent
Thursday, July 11, 2013
Chemistry & the Economy:
Mid-Year Update
Mr. Paul Hodges, Chairman, International eChem
Dr. Dave Harwell, Director, ACS Careers
Contact ACS Webinars™ at [email protected] 9
Upcoming ACS Webinars™ www.acswebinars.org
“Everyone today must think like an entrepreneur whether it’s in your own
business, a large corporation or a nonprofit organization.”
Continues Thursday, July 18, 2013 @ 2PM EST
Learning how to develop the next big start-up has never been so entertaining!
ACS members who attend 7 out of 9 sessions get a Certificate of Completion.
Contact ACS Webinars™ at [email protected] 10
6/20/2013
6
Acknowledgement:
The 2013 Chemical Entrepreneurship Series is
co-produced by UC San Diego von Liebig
Entrepreneurism Center.
11 Contact ACS Webinars™at [email protected]
http://www.jacobsschool.ucsd.edu/vonliebig
Stay tuned for your chance to win!
12
“Success, failure, joy, pain and rejection. Neil
Senturia shares the ups and downs of his
entrepreneurial life and the lessons-rules-that
he’s learned and how they apply to all of our
lives. The book reads like Neil talks (with the
occasional four letter word!). Be prepared for a
humorous and insightful read.”
Find I’m There For You, Baby on http://www.imthereforyoubaby.com
6/20/2013
7
Building a Successful Social Enterprise
Barbara Bry
COO, Blackbird Ventures
13 Co-produced with UC San Diego’s von Liebig Center
Dr. Teresa Smith
Founder,
Dreams for Change
Dr. Stephen Conroy
Director, Center for Peace
and Commerce UCSD
Slides available now! Presentation available ONE WEEK after the webinar:
http://acswebinars.org/chemical-entrepreneurship-2013
ACS WEBINAR: SOCIAL
ENTREPRENEURSHIP
14
Stephen J. Conroy, Ph.D.
Professor of Economics
Faculty Director, Center for Peace and Commerce
University of San Diego
June 2013
6/20/2013
8
What You Will Learn Today
• Overview of Social Enterprise
• Origins of Social Enterprise
• Origins of Modern Social Enterprise
• Models
• Social Enterprise Space Diagram
• Social Impact v. Financial Impact Diagram
• 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
15
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.
16
6/20/2013
9
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.
17
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-
83DBE855FDD9.html#!7AD57DAA-4E36-4098-B43A-83DBE855FDD9 )
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/)
18
6/20/2013
10
Origins of Social Enterprise
In a way, Social Enterprise is very old:
• 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)
Sources: Bornstein (2004); https://www.ashoka.org/social_entrepreneur; http://xnet.kp.org/newscenter/aboutkp/historyofkp.html
19
Origins of Modern Social Enterprise In another way, Social Enterprise is very new (about 25 years old):
• David Bornstein. 2004. How to Change the World: Social Entrepreneurs and the Power of New Ideas
• C.K. Prahalad. 2004. The Fortune at the Bottom of the Pyramid: Eradicating Poverty Through Profit
• Muhammad Yunus. 2007. Creating a World without Poverty: Social Business and the Future of Capitalism.
• Muhammad Yunus. 1995. Banker to the Poor
20
6/20/2013
11
Origins of Modern Social Enterprise
• Fazle Abed, Founder of BRAC, Bangladesh (1972) http://www.brac.net/
• Muhammed Yunus, Founder of Grameen Bank, Bangladesh (1976) http://www.grameen-info.org/
• Prof. Wangari Maathi, Founder of The Greenbelt Movement (1977) http://www.greenbeltmovement.org/
• Bill Drayton, Founder of Ashoka: Innovators for the Public (1980) https://www.ashoka.org/
• Paul Rice, Founder of Fair Trade USA (1998) http://www.fairtradeusa.org/
• Jeff Skoll, Founder of Skoll Foundation (1999) http://www.skollfoundation.org/
• Jacqueline Novogratz, Founder of Acumen Fund (2001) http://acumen.org/
21
Model 1: Social Enterprise Space Diagram
Social Enterprise
Traditional For-Profit
Government Traditional Non-Profit (Charity)
22
*Profit-Max*
*Social
Impact* *Public Goods*
“Benefit
Corporation”
6/20/2013
12
Model 2: Social Impact vs. Financial Impact
Diagram
23
Social
Impact
Financial
Sustainability
(+)
(+)
(-)
(-)
I II
III IV
Model 2: Social Impact vs. Financial Impact
Diagram-Highlighted Quadrants
24
Social
Impact
Financial
Sustainability
(+)
(+)
(-)
(-)
I II
III IV
(Sweet Spot)
(“Bads”)
6/20/2013
13
Social Impact vs. Financial Impact Diagram
• Where would you place the following companies?
25
Company Quadrant
ExxonMobil ____
Grameen Bank ____
St. Vincent DePaul/Fr. Joe’s ____
Kewaunee Nuclear Power Plant ____
First Solar, Inc. ____
http://www.nytimes.com/2013/05/08/business/energy-environment/kewaunee-nuclear-power-plant-shuts-
down.html?_r=0; http://finance.yahoo.com/q?s=FSLR&ql=1;
http://files.shareholder.com/downloads/FSLR/2512320542x0x652470/631B77BE-8719-4641-A482-
0098DA503926/Final_Annual_Report_Bkmk.pdf
Types of Social Enterprise Business Models
• 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/)
26
6/20/2013
14
What Social Enterprise Looks Like Today
• 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.
27
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/
• Ecological Restoration Programs
• Accion Verde (Colombia) http://www.accionverde.org.co/accion_verde/reforestacion_redd_mdl.php
• Tree People (Los Angeles) http://www.treepeople.org/
28
6/20/2013
15
Some Basic Examples (Cont.):
• Buy One, Give One To the Poor
• Tom’s Shoes* http://www.toms.com
• Impact Investing
• Abacus Wealth Partners http://www.abacuswealth.com/ and
http://www.bcorporation.net/community/abacus-wealth-partners-llc
• Promotion of rights of subsistence farmers through trade
• Fair Trade USA http://www.fairtradeusa.org/
Modern Social Enterprise Business Models
29
*See http://thepublicqueue.com/2012/the-tragedy-of-toms-shoes/ for a critique
Modern Social Enterprise Business Models
Some Basic Examples (Cont.):
• Production of products and services that have low/zero
environmental impact
• El Dot Designs http://eldotdesigns.com/
30
*See http://thepublicqueue.com/2012/the-tragedy-of-toms-shoes/ for a critique
6/20/2013
16
Specific Examples of Social Enterprises
• There are many, many examples!
• For an excellent starting point, there is a designation
program called “B-Corporation certification” or
designation (It is to social enterprise what Fair Trade and
LEED are to their industries) (http://www.bcorporation.net/)
• Currently 775 B corporations in 27 countries
• Emphasis on taking care of all stakeholders in business:
• http://www.bcorporation.net/community
• http://www.bcorporation.net/community/find-a-b-corp
31
Specific Examples of Social Enterprises
• 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/
32
6/20/2013
17
Specific Examples of Social Enterprises
• 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/
33
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.
34
6/20/2013
18
Helpful Websites
• http://www.skollfoundation.org/ (Skoll)
• https://www.ashoka.org/ (Ashoka)
• http://socialcapitalmarkets.net/ (SOCAP)
• http://www.ssireview.org/ (Stanford Social Innovation
Review)
• https://www.se-alliance.org/ (Social Enterprise Alliance)
• http://socialenterpriseconference.org/ (Social Enterprise
Conference at Harvard)
• http://www.dellchallenge.org/ (Dell Social Innovation
Challenge)
35
The keyword to verify attendance for the 5th
installment of the 2013 Chemical Entrepreneurship
Series is…
36
Please note you will need to provide the keyword via email at
[email protected] for ONLY THE RECORDED presentations
that you watch. If you tune in LIVE we do not need a keyword
confirmation because your attendance is confirmed automatically.
6/20/2013
19
Fresh Food Truck Teresa Smith
American Chemical Society
June 20, 2013
http://www.dreamsforchange.org/
Fresh Food Truck
"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.
6/20/2013
20
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.”
6/20/2013
21
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.
Share with us your best caption to win the book!
42 Facebook.com/acswebinars or [email protected]
“Group Portrait in a Chemist’s House” by Cornelis de Man, 1670’s
Caption 1
Caption 2
Caption 3
6/20/2013
22
Building a Successful Social Enterprise
Barbara Bry
COO, Blackbird Ventures
43 Co-produced with UC San Diego’s von Liebig Center
Dr. Teresa Smith
Founder,
Dreams for Change
Dr. Stephen Conroy
Director, Center for Peace
and Commerce UCSD
Slides available now! Presentation available ONE WEEK after the webinar:
http://acswebinars.org/chemical-entrepreneurship-2013
Acknowledgement:
The 2013 Chemical Entrepreneurship Series is
co-produced by UC San Diego von Liebig
Entrepreneurism Center.
44 Contact ACS Webinars™at [email protected]
http://www.jacobsschool.ucsd.edu/vonliebig
6/20/2013
23
Stay Connected…
LinkedIn (search group for acswebinars)
www.twitter.com/acswebinars
www.facebook.com/acswebinars
Contact ACS Webinars™at [email protected] 45
Upcoming ACS Webinars™
www.acswebinars.org
Thursday, June 27, 2013
Strange Tales from the Periodic Table:
The Disappearing Spoon
Mr. Sam Kean, Author of The Disappearing Spoon
Dr. Darren Griffin, Professor of Genetics, University of Kent
Thursday, July 11, 2013
Chemistry & the Economy:
Mid-Year Update
Mr. Paul Hodges, Chairman, International eChem
Dr. Dave Harwell, Director, ACS Careers
Contact ACS Webinars™ at [email protected] 46
6/20/2013
24
Upcoming ACS Webinars™ www.acswebinars.org
“Everyone today must think like an entrepreneur whether it’s in your own
business, a large corporation or a nonprofit organization.”
Continues Thursday, July 18, 2013 @ 2PM EST
Learning how to develop the next big start-up has never been so entertaining!
ACS members who attend 7 out of 9 sessions get a Certificate of Completion.
Contact ACS Webinars™ at [email protected] 47
American Chemical Society
ACS INTERNATIONAL CENTER (IC)
The ACS International Center Webinar Series presents:
2014-15 Fulbright Scholar Opportunities for Academics and
Professionals in the STEM Fields
Featuring speakers from the Fulbright Scholar Programs Council for
International Exchange of Scholars
Thursday, June 27, 2013; 2:00-3:00PM (EST), Free
•Fulbright Scholar Programs organization
•Information on long-term and short-term grants
•Opportunities for Visiting Scholars to the U.S.
•Overview of other Fulbright Programs
6/20/2013
25
Share with us your best caption to win the book!
49 Facebook.com/acswebinars or [email protected]
“Group Portrait in a Chemist’s House” by Cornelis de Man, 1670’s
Caption 1
Caption 2
Caption 3
If you enjoyed this ACS Webinar today…
please support the program!
Find the many benefits of ACS membership!
www.join.acs.org
ACS Network (search for group acswebinars)
www.communities.acs.org
50
6/20/2013
26
ACS Webinars™ does not endorse any
products or services. The views expressed in
this presentation are those of the presenter
and do not necessarily reflect the views or
policies of the American Chemical Society.
51 Contact ACS Webinars™at [email protected]
Upcoming ACS Webinars™
www.acswebinars.org
Thursday, June 27, 2013
Strange Tales from the Periodic Table:
The Disappearing Spoon
Mr. Sam Kean, Author of The Disappearing Spoon
Dr. Darren Griffin, Professor of Genetics, University of Kent
Thursday, July 11, 2013
Chemistry & the Economy:
Mid-Year Update
Mr. Paul Hodges, Chairman, International eChem
Dr. Dave Harwell, Director, ACS Careers
Contact ACS Webinars™ at [email protected] 52