the william davidson institute. wdi’s mission to create, aggregate, and disseminate intellectual...
DESCRIPTION
WDI’s Major Activities Research –Base of the Pyramid –Social Enterprise –Globalization of Services Executive Education Development Consulting Services Educators’ Outreach Promoting International Activities at U-M –Business School –Supporting key international activities at other schools School of Public Health Medical School School of Natural ResourcesTRANSCRIPT
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The William Davidson The William Davidson InstituteInstitute
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WDI’s Mission
To create, aggregate, and disseminate intellectual
capital on business and policy issues in emerging
market economies
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WDI’s Major Activities• Research
– Base of the Pyramid – Social Enterprise– Globalization of Services
• Executive Education • Development Consulting Services• Educators’ Outreach• Promoting International Activities at U-M
– Business School– Supporting key international activities at other schools
• School of Public Health• Medical School• School of Natural Resources
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Knowledge CreationExp
erien
ces
Teaching/
Dissemination
Research Initiatives
Support for Int’l Activities- Students- Faculty
- Exec Education
- Educators Outreach
Research Support
Development Consulting
Conferences
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Convergence of the Sectors: Convergence of the Sectors: Social InnovationSocial Innovation
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Traditional Value Creation
For ProfitNon-Profit
Government
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For Profit
Blended Value Creation= Innovation
Non-Profit
Government
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Causes of ConvergenceSupply Side
• New Wealth/Philanthropists• Increased Visibility (popular
press coverage, celebrities• Technology• Attempt to reach new
markets• Improved transportation and
communication
Demand Side:
• Traditional Development Failures
• Increasingly Complex Social Problems
• Inability of government to provide public goods
• Foundations Requiring more Accountability/Innovation
• Scarcity of traditional resources (grants)
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The Social Entrepreneurship Landscape Has Become More
Complex
Community Development Corporations
Corporate Social Responsibility
VenturePhilanthropy
Social Stock Markets
Social EnterpriseThe Micros
Business/Social Hybrids
Community Foundations
Bottom of the Pyramid
SocialInvesting
Public Private Partnerships
Fair Trade
Social Entrepreneurs
Nonprofits (NGOs,CSOs)
Socially Responsible Business Leaders
Activists
Thought Leaders
The LandscapeSocial
Entrepreneurship
Foundations/MultilatsGovernments
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Results of Convergence:Hybrid Spectrum
NGO w/Income
-Generatin
g Activities
Nonprofit Enterpris
e
BoP Enterpris
eSocial
VentureSocially
Responsible Business
Corporate Social
Responsibility
Corporate
Strategy
Mission MotiveStakeholder Accountability
Income reinvested in social programs or overhead
Profit-making Motive
Profit redistributed to shareholders
Shareholder Accountability
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Results of Convergence:New Sector MotivationsCharacteristics and/or Perceptions
For Profit HYBRID Not for Profit
Competitive Collaborative
Private Good Social Good
Market Based Outside Market
Financial Motivation Social Motivation
Advantaged Disadvantaged
Independent Dependent
Individual Collective
Risk-taking Risk-averse
Create Wealth Distribute Wealth
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Results of Convergence:Social
Entrepreneurship/Innovation
• New Structures• New and Adapted Business Models• New Methods to Mobilize Capital• New Sector Stakeholders• New Fields and Terminology
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Social Innovation: Why?
• Exciting • Inspiring• Opportunities Abound• High Impact Possibilities• Fast Moving• Constantly Evolving
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QUESTIONS?QUESTIONS?
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Social Innovation: New Structures
• Partnerships/Strategic Alliances• For-profits with Embedded Social
Mission• Non-profits Generating Revenue• Non-profit Consulting
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Social Innovation: Adapted Business Models for Enhanced
Social Value
• Micros: finance, enterprise, franchise• Social Franchising• Non-profit Incubators• Base of the Pyramid• Fair Trade
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Social Innovation: New Methods of Mobilizing Social and Financial
Capital
• Foundations Supporting For-profits• Market Driven Philanthropy• Social Venture Capital/Investing• Venture Philanthropy• Adapted Private Sector Tools• Community Foundations• Corporate Volunteerism• Community Development Corporations
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Social Innovation: New Stakeholders
• For-profitsEmployees, Customers, Suppliers, Distributors, Communities, Non-profits
• Governments (Outsourced Services) Non-profits, For-profits, Communities
• Non-profits Donors (with expectations of higher, more accountable returns), Individual Investors, For-profits, Government
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Social Innovation: New Fields/Terminology
• Social Entrepreneurship• Social Enterprise• Base of the Pyramid• Micros• Social Investing• Venture Philanthropy• Fair Trade