Managing Editor Eric Nee spoke with Self-Help’s founder and CEO, Martin Eakes, about the subprime loan crisis and its impact on the poor.
Critics of microfinance institutions (MFIs) ask them to choose between helping the poor and making money for investors, but this is a false choice. MFIs can have their impact and profit, too, says the author, the CEO of the Grameen Foundation. He sketches a new vision of microfinance as a platform, not a product; one that relies on high volumes, not high margins, and that uses limits on private benefit, holistic performance standards, and third-party certification to help MFIs meet both their bottom lines. —By Alex Counts
“Cause-related” video games don’t go far enough in helping to solve social problems.
Financial aid discourages innovative solutions to poverty. —By Liisa Välikangas & Michael Gibbert
Polak offers entrepreneurial solutions to poverty in Asia and Africa. Review by Paul S. Hudnut
The cofounder of a microlending outfit says entrepreneurs need to "wake up each day and say, 'Now what?'"
Education Everytime, a venture that uses music to direct students through class transitions, got a huge boost last month when 6 students helped the company win $50,000 in funding at The Idea Village’s New Orleans Entrepreneur Week.
A Stanford GSB student's new company could make voting decisions more like online shopping.
There are all manner of approaches to 'green investing,' and the folks at Carbon Lighthouse — recipients of an $80,000 Social Innovation Fellowship from the Center for Social Innovation at the Graduate School of Business — manage to combine two of them under the same roof.
James Gutierrez, MBA '05, discusses how he built Progreso Financiero, where he gets his best ideas, and the best advice he's ever received.
Socially responsible brands that merge with multinationals may be abandoning their principles. —By Dara O'Rourke
Larger social service organizations may result in less innovation.
How the Union Bank of California attracts lower-income people to traditional banking. —By Laura Beaudin
Social entrepreneurship has come to be synonymous with the individual visionary – the risk taker who goes against the tide to start a new organization to create dramatic social change. The problem with focusing so much attention on the individual entrepreneur is that it neglects to recognize and support thousands of other individuals, groups, and organizations that are crafting solutions to troubles around the globe. —By Paul C. Light
Jim Collins outlines how lessons for becoming the best can translate from companies to social organizations. Review by Robert Gertner
The long-term strength of our nation relies on the level of commitment we have toward innovation. Influx of talent, new mindset and new network technologies are the new convergence of innovation. President Obama must broaden the focus across and among the private, public, and nonprofit sectors—to seek and spark the most promising innovations whether they come from commercial or social entrepreneurs, executives or line workers, community leaders, public servants, researchers, or citizens who don’t fit into any of these categories.
The White House is about to announce the creation of the Office of Social Innovation.
This blog is the last of Marcia Stepanek’s coverage of the Skoll World Forum 2009 at Oxford University.
Reporting from the 6th annual Skoll World Forum for social innovation
“There’s no question: with public trust in CEOs and corporations at rock-bottom and the change mantra out of Washington [and Davos] and this week’s TED2009 still freshly potent, cause-wired social entrepreneurs have never had a better opportunity to boost traction globally for their Web-powered ideas.” - the author
Dean Kamen has literally changed the world by turning breakthrough ideas into practical products. In this audio interview with Globeshakers host Tim Zak, Kamen discusses the power of technology to change society. He also talks about what it takes to persevere in the face of public and professional resistance toward inventions and technology that can actually make people's lives better.
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The nonprofit sector delivers social value and the for-profit sector delivers economic value, right? Wrong! Speaking at Bridging the Gap, the 2005 Stanford Net Impact conference, Jed Emerson argues that value is non-divisible, whole, and blended. In this audio lecture, he invites us to think beyond philanthropy, corporate social responsibility, social enterprise, and other limiting mindsets.
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David Bornstein is a leading expert on the global rise of "social entrepreneurism." In this audio interview, Globeshakers host Tim Zak asks how we would know a social entrepreneur if we saw one on the street. More important, why should we care? Who invests in social enterprise and what is at stake for our world if we don't?
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"Moving the World" is a partnership between logistics company TNT and the United Nations World Food Programme, the world's largest humanitarian aid agency. Together they provide food aid to an average of 90 million people, including 56 million hungry children, in more than 80 countries. Speaking at the Stanford Effective Disruption Management Seminar, Moving the World Director Ludo Oelrich explains in this audio lecture how the benefits of this association play out both ways.
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Play affects children's quality of life. Yet, in many communities, schools, and families, this element has been pushed to the back burner. In an audio interview with Globeshakers host Tim Zak, Darrell Hammond envisions a great place to play within walking distance of every child in America. Since 1995, KaBOOM! has used its innovative community-build model to bring together business and community interests to construct more than 850 new playgrounds and skateparks, and renovate 1,300 others nationwide.
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In turbulent times like ours, we need “hard-edged hope,” says Jacqueline Novogratz, the much-celebrated founder of the Acumen Fund. Affirming that the world is indeed a better place now than it was 40 years ago, she traces her own journey from a childhood witnessing racial inequities all around her in Detroit to a career leading the field of social impact investing. Novogratz rallies the community of Stanford business graduates to be part of the new generation of innovative problem solvers.
Jane Chen, MBA '08, has a vision of a place “babies no longer die from being cold, where people no longer die from preventable causes. And where every person has the ability to choose [his or her] own fate.”
What if games were used to solve real-world problems?
How can we design for the ripple effect so that small acts of goodness trigger big ones?
Missions of social impact and profit do not need to be opposed, say social entrepreneurs. In fact, bringing the two together in a double bottom line can create dynamic new opportunities.
Have you ever thought about launching your own social venture? Are you curious if you have what it takes to become a social entrepreneur? What funding sources are available to you? What are the challenges of running a social venture? This panel discussion brings together people from both sides of the "start-up" fence--those who started with large financial backing and those who had none.
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Three social-venture experts share the process and tools they use to evaluate the impact and viability of aspiring change-makers' ideas in this panel discussion from Bridging the Gap, the Stanford 2005 Net Impact Conference organized by the Stanford Graduate School of Business. A must-hear for anyone planning on starting a social or environmental enterprise.
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To be effective, nonprofits cannot operate in isolation, but must engage with other organizations across the various sectors. Talking at the 2007 Nonprofit Boot Camp, Kevin Danaher delivers an energizing call for the next generation of leaders to make connections with business, government, nongovernmental organizations--and even the wisdom of nature itself in their quest to transform the world.
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In this audio lecture, Nonprofit Executive of the Year Jan Masaoka shares practical advice on how to start and develop a career in the nonprofit sector. Speaking at the 2007 Nonprofit Boot Camp, she answers questions on which degrees to pursue, how to write a resume, and how to prepare for an interview. She also addresses how to make your own job description, why volunteering matters, what compensation to expect, which fields are getting the funds, whether to start your own organization, and how to grow into leadership roles.
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Can business add value to the education field? Pioneers and market leaders who have built successful businesses around the many unmet needs in education talk about the business opportunities in education today in this panel discussion from Bridging the Gap, the Stanford 2005 Net Impact conference organized by the Stanford Graduate School of Business.
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This case details the founding story of Kiva, with particular focus on the way that Jessica Jackley and Matt Flannery have stayed true to the original mission by telling authentic stories about entrepreneurs in East Africa, and how those stories have influenced lenders and fellows.
This case details the innovative work of business executive Tom Siebel, who launched the Meth Project in 2005 to 'unsell' meth to first time users in Montana. The program used an innovative research-based marketing campaign and has since scaled to other states.
The CEO of Gardenburger, a seller of veggie burger products and other food alternatives to meat, considers the company’s advertising strategy. He aims to take the company from the small health-food niche to the consumer mainstream.
Various economic and environmental issues face the owners of a cruise business in the Galapagos Islands. The case gives special attention to the efforts of locals to preserve and enhance their own ecotourism business prospects.
As Green as It Gets was a nonprofit economic development organization supporting small, independent producers in disadvantaged Guatemalan communities. The founder pondered how to grow and sustain the organization.
Worldstock, Overstock.com’s socially responsible initiative, which marketed handicrafts produced by developing nation artisans to the United States, was suffering losses. Some stakeholders wondered if Worldstock would be shut down or spun off if the situation did not improve.
Equity Bank, a microfinance services provider, experienced a remarkable turnaround in the early 1990s. What strategy did the CEO pursue to accomplish such a feat?
Two social ventures collaborated with each other to help expand one’s solar energy services from southern Brazil into the Amazon region. The case highlights the core factors that led to the project’s ultimate outcome.
This strategy case discusses a number of challenges facing nonprofit managers. These include establishing a sustainable and self-supporting operating model, generating corporate-sector support, and managing through a financial crisis.
Unitus focuses on accelerating the growth of the microfinance industry. This first case describes the Unitus business model for microfinance and whether or not the company should expand the capital it provides to partners through a debt or equity fund.
This case details the founding story of Kiva, with particular focus on the way that Jessica Jackley and Matt Flannery have stayed true to the original mission by telling authentic stories about entrepreneurs in East Africa, and how those stories have influenced lenders and fellows.
This case details the innovative work of business executive Tom Siebel, who launched the Meth Project in 2005 to 'unsell' meth to first time users in Montana. The program used an innovative research-based marketing campaign and has since scaled to other states.
The CEO of Gardenburger, a seller of veggie burger products and other food alternatives to meat, considers the company’s advertising strategy. He aims to take the company from the small health-food niche to the consumer mainstream.
Various economic and environmental issues face the owners of a cruise business in the Galapagos Islands. The case gives special attention to the efforts of locals to preserve and enhance their own ecotourism business prospects.
As Green as It Gets was a nonprofit economic development organization supporting small, independent producers in disadvantaged Guatemalan communities. The founder pondered how to grow and sustain the organization.
This seminal paper defines the term social entrepreneurship and helps shape, what was in 1998, the nascent field of social entrepreneurship.
The goal of this seminar is to investigate how social technology (e.g., blogs, websites, podcasts, widgets, community groups, social network feeds) can change attitudes and behaviors in ways that cultivate social change. We study the strategies and tactics used by companies and causes that have successfully catalyzed social persuasion.
This course focuses on the efforts of private citizens to create effective responses to social needs and innovative solutions to social problems. It equips students with frameworks and tools that will help them be more effective as a social entrepreneur.
This course explores the challenges and opportunities related to social entrepreneurship. Students study nonprofit, for-profit, and hybrid organizational forms, and examine issues from a variety of perspectives, including that of entrepreneur, CEO, funder, and board member.
Students apply engineering and business skills to design product prototypes, distribution systems, and business plans for entrepreneurial ventures in developing countries. The aim is to address challenges faced by the world's poor.
This course is designed to help students understand and manage human systems, exercise leadership, and work effectively with other people, specifically within the context of culturally diverse groups and organizations. The underlying premise is that diversity can present unique challenges and opportunities.
A grassroots student effort led by Caroline Mullen, MBA ’12, Catha Mullen, MBA ’13, and Monica Lewis, MBA ’12, now has even more impact through a merger with Pachamama Coffee Cooperative.
It was the suicide of a young man that turned Vivek Garg toward using business as a means of fostering peace and reconciliation.
The March/April edition of Stanford magazine features a profile of alumnus Jeff Skoll, one of only 20 people who've ever given away $1 billion. He hopes to engage everyone in the planet's survival by leveraging the power of Hollywood.
Yohei Iwasaki and mOasis are enabling farmers to grow more crops from less water and to cultivate previously underutilized land, producing a sustainable environment that significantly reduces food and water shortages.
Jane Chen's passion for helping others has taken her on an incredible journey from doing social work in China to founding Embrace, a company that sells premature infant incubators.
How the Freelancers Union is modernizing the labor movement for independent workers. —By Amy Wilkinson
How is New Orleans rebuilding after Hurricane Katrina? In this Stanford Center for Social Innovation sponsored presentation at the Social Enterprise Alliance 2009 Summit, Louisiana Lieutenant Governor Mitch Landrieu discusses the role of tourism in the city's rehabilitation with Root Cause founder, Andrew Wolk. Landrieu details his work to found the nation's first government-run Office of Social Entrepreneurship, and emphasizes how New Orleans and the entire state are being strengthened by the development of their cultural assets.
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With the Obama administration's focus on social enterprise as a means of solving some of our most pressing problems, the social entrepreneur has emerged as the chief change agent of our time. In this panel discussion, part of the Stanford 2009 Entrepreneurship Week, leaders of several vital organizations talk about the motivations, successes, and challenges associated with running a social enterprise. They consider what the economic downturn has meant to their missions, and they offer practical advice to aspiring entrepreneurs.
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Dave DeForest-Stalls wants to help kids stay out of gangs. He's providing mentorship and hip ways to keep youth on the straight and narrow.
To be a successful entrepreneur you need to ignore your naysayers and have a passion bordering on obsession.