Fueling the Currency of Social Impact. Imagine a stock market where share price is based solely on the currency of creating social impact.
If you improve the lives of people in a community, identify a tangible solution or business model for a social problem, your stock goes up. The caveat is that the solution has to work, and has to demonstrate a measurable social impact to produce a return. Would you buy this stock? And if so, how much would you expect in return on your investment? This is a question that companies, foundations, non-governmental organizations—and even governments—have been increasingly tackling over the past decade. Green Business News, Resources, and Sustainability Career Tools.
Wp-content/uploads/2013/05/PhD-1pager-english.pdf. Social Business Center of Excellence? You're firm is getting the hang of becoming a socially enabled enterprise.
No longer doing isolated skunk works social media projects, your firm got organized – strategic, in fact. You have a clear handle on your social media accounts, tools, metrics, a governance policy and even an escalation path if things go awry. This is quite an accomplishment for your organization and its leadership, as you are well on your way to becoming a socially enabled enterprise. But this is not the end of the journey; in fact it is just the beginning.
The next big, exciting step is to create a social business center of excellence (COE). SocEnt Ethics. Promoting Sustainable Lives & Communities.
TRUST. Social Business. Social Business - Community. Welcome to the Sustainable Business Leader Program! How Can Big Data Have a Social Impact? Find us on Google+ facebook twitter linked-in Email Subscribe Login Debates & Series Up for Debate: How Can Big Data Have a Social Impact?
9 responses Big Data has the potential to transform development and accelerate social progress around the world, but there are issues surrounding understanding, ownership, privacy, capacity, measurement and more that need further dialogue and discussion. A New Type of Philanthropy: Donating Data Robert Kirkpatrick Director, UN Global Pulse, United Nations. Social-impact international. Investment Ready. The Investment Ready Program is an accelerator program for social entrepreneurs from Central and Eastern Europe (CEE) and aims to advance social entrepreneurship through capacity building and catalyzing investment into the sector.
Investment Ready has been initiated by Social-Impact International and the Impact Hub Vienna in fall 2011. Since August 2012 it is run by Impact Hub Incubation. The concept was originally inspired by the success of the proven Dasra Social-Impact program in India and then localized for CEE. The unique learning design involves international impact investors and regional partners to source, mentor and support participating ventures. The Beginning: Investment Ready has been launched successfully in November 2011, with a pilot cohort of 21 handpicked high potential social entrepreneurs participating in the first Warm-Up. Out of these, the 10 best ventures proceeded with the Investment Ready Academy from February to June 2012. The Vision: Lessons from a Failed Social Entrepreneur - Mike McGlade. By Mike McGlade | 9:00 AM February 11, 2013 During my first year at Harvard Business School, I decided to start a new business.
I set up a team, choose a name, secured a URL, and Zoosa was born. My theory was that by leveraging the collective expertise of skilled professionals, we could have a significant impact on the social sector. Zoosa was intended to be a platform where volunteers shared their activities and connected with others, creating a positive feedback loop.
To Grow, Social Enterprises Must Play by Business Rules - Alan Hirzel. By Alan Hirzel | 2:07 PM January 9, 2013 We can’t ask social enterprises to have a big impact if they can’t get the resources they need to grow bigger.
In Britain, for example, fewer than 10% of the tens of thousands of social enterprises generate more than £1 million in revenue. Why is that? One reason is that the scrappy, entrepreneurial approach that characterizes many of these organizations starts to break down as they pass that threshold. Normal business complexity sets in. And these organizations face a quandary—they are too small to support the growth they need and the impact they want to have. For-profit companies in the same situation can turn to a robust venture capital community that is focused on providing the management, financing and strategy that innovative companies need to scale up quickly.
Hoping to fill this need, my firm, Bain & Company and six other partners founded Social Business Trust (SBT) in the U.K. About BALLE. Within a generation, we envision a global system of human-scale, interconnected local economies that function in harmony with local ecosystems to meet the basic needs of all people, support just and democratic societies, and foster joyful community life.
At the Business Alliance for Local Living Economies, BALLE [bawl-EE], our work is focused on creating real prosperity by connecting leaders, spreading solutions that work, and driving investment toward local economies. BALLE equips entrepreneurs with tools and strategies for local success, and we provide the national forum for the most visionary local economy leaders and funders to connect, build their capacity and innovate. In Search of the Hybrid Ideal. In the first large-scale, quantitative study of nascent social entrepreneurs, researchers from Harvard Business School and Echoing Green examine the rise of hybrid organizations that combine aspects of nonprofits and for-profits and the challenges hybrids face as they attempt to integrate traditionally separate organizational models.
(Illustration by Justin Renteria) Recent news coverage of Hot Bread Kitchen reads as if it were written about two different organizations. The New York City bakery is widely acclaimed for its innovative selection of international breads, but it is simultaneously an award-winning workforce development program. Hot Bread Kitchen is a hybrid organization: Its employees, mostly low-income immigrant women, bake bread inspired by their countries of origin, while learning job skills that can lead them to management positions in the food industry. Www.partneringforglobalimpact.com/sites/default/files/2012/PGI Glossary_FINAL.pdf. Www.schwabfound.org/pdf/schwabfound/Governance_Social_Enterprises.pdf.
A guide to Social Business by Banksy. What is Social Business?
There are many definitions and there will be many more to come as the social space evolves. It is certainly not a new business concept but it is still very new to most companies. And in the absence of a definite guide to social business, many continue to struggle to understand it. And some definitions are just a bit airy fairy and open to too many interpretations. Banksy, THE street artist from the UK, however has put it in words like no other. VIA This isn't Happiness I have read this blurb many times and think Banksy hits the nail on the head with this article. Rule #1: Banksy writes that advertising people “butt into your life, take a cheap shot at you and then disappear”. Rule #2: Advertising, as Banksy puts it “bullies and laughs at you”.
Rule #3: Advertisers hide behind “trademarks, intellectual property rights and copyright law” and prevent the community from speaking up. Rule #4: Advertisers “re-arranged the world to put themselves in front of you”. The Social Enterprise Emerges in China. Social enterprises in China are being shaped by several interconnecting forces: the country’s cultural and linguistic history, new state approaches to economic and social development, and the strategic framing of social enterprises by leaders and supporters.
“In foreign countries, the charity has developed for hundreds of years and then the social enterprise organically came up. In China, we have everything within a few decades. We now have grassroots nonprofit organizations, social enterprises, venture philanthropy funds, and so on—all of a sudden.” So explained Li Fan, co-founder of the Global Links Initiative, the first social entrepreneur membership organization in China.
The State of Social Enterprise Infographic. Four Social Incubators That Can Rock Your Startup World. Sparked.com Microvolunteering. Skilled Online Volunteering. Www.connect4climate.org/slideshow. Distilled Wisdom, Annotation 2: Open Innovation and Globalisation. Heifer International charity gifts. Global Impact Investing Network. Measuring Impact Measuring Impact and the Guidelines for Good Impact Practice were developed by the Impact Measurement Working Group of the Social Impact Investment Taskforce established by the UK’S presidency of the G8.
It was co-chaired by the GIIN and New Philanthropy Capital (NPC). GIIN Webinar Series on the Social Impact Investment Taskforce and Working Groups Introducing the Impact Investing Benchmark The GIIN and Cambridge Associates launch the Impact Investing Benchmark, the first comprehensive analysis of the financial performance of market rate private equity and venture capital impact investing funds.
New J.P. Morgan and GIIN Survey Released Eyes on the Horizon, the 2015 edition of the GIIN and J.P. Global Impact Investing Network. Www.static-ubs.com/global/de/wealth_management/philanthropy_valuesbased_investments/_jcr_content/rightpar/teaser_a5b7/linklist/link_324f.2124835608.file/bGluay9wYXRoPS9jb250ZW50L2RhbS91YnMvZ2xvYmFsL3dlYWx0aF9tYW5hZ2VtZW50L3BoaWxhbnRocm9weV92YWx1ZXNiYXNlZF. Home. Get our email newsletter! Follow us on Twitter. Like us on Facebook.
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