Trail-blazing social entrepreneurs are tackling the world’s most pressing problems that government, business, or charity have failed to solve. They are creating businesses with a primary mission of social change. Scott Boyer is one such social entrepreneur. This 28-year veteran of Big Pharma left a six-figure salary to start OWP Pharmaceuticals and the ROW Foundation. This commercial business and non-profit organization exist in a symbiotic relationship we call a "tandem hybrid social enterprise." This model combines a multimillion dollar business with a foundation that’s on track to become the largest funder of projects serving people with epilepsy and associated psychiatric disorders in the world.
The tandem hybrid incorporates the principles learned by Scott and others for building a truly unique social enterprise from the ground up; one that is:
- Driven by a compelling social mission
- Financed by commercial success
- Structured to retain control
- Scalable and sustainable for the long haul
Powering Social Enterprises With Profit And Purpose offers a detailed blueprint that has proven commercially and philanthropically successful and that can be replicated in most business sectors.
Part I: Commercial and Social Enterprises 1. For-Profit: Commercial Enterprises 2. For-Purpose: Social Enterprises 3. Combining Profit and Purpose: Hybrid Social Enterprises 4. The Next Level: Tandem Hybrid Social Enterprises Part II: Building Tandem Hybrid Social Enterprises 5. Driven by a Compelling Social Mission 6. Financed by Commercial Success 7. Structured to Retain Control 8. Scalable and Sustainable for the Long Haul Part III: Lessons from History 9. The Hershey Company and Mars Inc. 10. Hormel Foods Corporation and Tyson Foods 11. H. Lundbeck & Co and Novo Nordisk 12. AstraZeneca and The Upjohn Company 13. Move the Needle: How You Can Advance the Social Enterprise Movement