4.23 social innovatioan enterpreneurship
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ENTE3534_Week25-Lecture.pptxENTE3534 – Social Innovation & Entrepreneurship
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Week 25: Scaling Social Ventures
Dr Samuel Olutuase
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Explain the rationale for scaling social ventures
Introduce different types of scaling strategies
Point towards additional assignment support.
Learning Objectives
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Why Seek Growth?
The purpose of scaling is to grow social impact to match magnitude of the need or problem a social venture seeks to address
Investors want their grant dollars to achieve as much social mission as possible.
High-impact social entrepreneurs & philanthropists are expected to use venture capital models that focus on maximizing social return on investment (SROI)
The emerging paradigm for nonprofit, for-profit or hybrid ventures is to strive to expand the bottom line (social impact, positive environmental impact, and/or profits).
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Challenges to Growth
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Inertia-based resistance: the staff and board of the social venture do not see the urgency for growth.
Threat-based resistance: internal culture feels growth would detract from its mission.
Venture’s board of directors does not support entrepreneur’s vision for growth.
The stakeholder community does not support the entrepreneur’s impetus for change.
The venture cannot demonstrate measurable success in achieving its mission.
The venture lacks the necessary human resources and skill sets to support growth.
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Capacities Required for Growth Strategies
Having a clear mission
Creating an appropriate structure
Modeling what works
Developing a unified and supportive culture
Good and germane data
Having the necessary physical resources and human assets
Having effective leadership capability and a functional governance apparatus.
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Analysing Data for Growth
Data can be used:
To identify and document new needs on the part of target beneficiaries that require expansion into new geographical or program areas.
To document the success of the social venture, justifying the scaling of its impact.
To market the social venture to attract material & political support and pave the way for growth.
To identify program or service delivery weaknesses that can be improved to prepare the venture for successful scaling.
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Strategies for Growth
Dissemination
Involves making a social venture’s services and intellectual property widely available to people and organizations who want to use them
Has the advantages of cost, speed of adoption, maximizing mission accomplishment, and/or fostering relationships with social sector players
Has disadvantages in the lack of control over the quality of the product or service, and the loss of possession of intellectual property (IP).
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Strategies for Growth (contd.)
Branching
Achieves growth by creating multiple offices in locations other than the headquarters
Is attractive to some social entrepreneurs because it maximizes control
Is not an efficient approach to growth in that it requires buying or leasing additional facilities and office equipment, hiring and training additional staff, and managing from a distance.
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Strategies for Growth (contd.)
Branching
Achieves growth by creating multiple offices in locations other than the headquarters
Is attractive to some social entrepreneurs because it maximizes control
Is not an efficient approach to growth in that it requires buying or leasing additional facilities and office equipment, hiring and training additional staff, and managing from a distance.
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Strategies for Growth (cont’d)
Affiliation
Achieves growth by creating a relaxed connection with outlying locally-managed offices
Is less expensive to implement because the self-sufficiency of local affiliates.
Social Franchising
Is a hybrid strategy of branching and affiliation involving a parent venture, the franchisor, and affiliated ventures, the franchisees
Permits scaling at a faster rate and a lower cost while maintaining control over quality and the brand.
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Strategies for Growth (cont’d)
Networking (Social Capital Building)
With whom should I build alliances?
Why is networking necessary and beneficial under the present circumstances?
How should I approach successful alliance building?
Reasons for Networking
Resource scarcity
Growing competition for resources
A growing societal appetite for greater efficiency
Increasing demand for documented performance.
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Successful networks:
Share similar missions that makes it easier for social ventures to work together effectively
Have partners with shared values, vision, and negotiated common goals
Have members whose roles are clearly defined such that each member understands his role relative to other member’s roles
Have the leadership necessary to move forward
Are in place when required during a particular stage in the venture’s life cycle.
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Building Effective Social Entrepreneurship Networks
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Any Questions??
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How to ask for extensions or deferrals
Fill out the online forms via ASK BAL available through our faculty’s Student Advice Centre (SAC) https://balstudents.our.dmu.ac.uk/ask-bal-extensions-and-deferrals/
Rule of thumb:
Extensions: Up to 10 working days
Deferrals: Submissions in summer (re)assessment period Note: deferrals will delay your graduation to winter
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Appendices
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Tips for Assignment 2
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Please refer to the assignment for:
Assessment Preliminaries
Objectives
Marking criteria
Key Issues:
Structure
Formatting
Sample reports
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Tips for Assignment 2 (contd.)
Executive summary (200 words).
Use headings & include a table of contents
Include appropriate figures, tables, and/or appendices (which should be referred to in the text!). Remember, these need to serve a clear purpose in your report.
Please note: this report is not a business plan.
The (main part of the) report needs to start with an introduction section and finish with a conclusion section.
For the main body, you can decide the best way to structure your points, using headings of your choice.
Within the report, most likely just before the conclusion, you are expected to include a reflective section.
You should aim to be insightful, present your own individual views but please do not felt forced to reveal sensitive personal information.
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Tips for Assignment 2 (contd.)
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You may follow this Formatting Guide
Font: Arial; Size: 12 for in-text; size 14 for title
Bold sub-headings
The text must be double spaced.
It is OK to use first person; however, do keep your writing style formal & academic.
Include word count on your front cover page. Please note: cover page, executive summary, table of contents, reference list, and appendices do not count towards the word limit.
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Ahead of Week 29 – Samples
Read Sample Report that will be provided in week 27
Mark sample report & come to Seminar week 29
Week 29 Assessment Support
Three samples of past student submissions are provided to guide you
You may want to read each sample and consider the feedback
Please note: This is NOT a perfect report. There are some errors, which are intended to enrich the marking process during the Week 25 live session.
BUT do not attempt to copy and paste phrases of this sample report as part of your own report. This will be flagged automatically.
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