2nd Edition

Social Entrepreneurship Building Impact Step by Step

By Teresa Chahine Copyright 2023
278 Pages 69 B/W Illustrations
by Routledge

278 Pages 69 B/W Illustrations
by Routledge

278 Pages 69 B/W Illustrations
by Routledge

Social Entrepreneurship provides a 10-stage framework for building impactful ventures within and across new and existing organizations. The book summarizes the basic steps and tools needed to understand a social or environmental challenge of your choice, develop potential solutions, build a business model, measure outcomes, and grow your impact. This fully updated second edition builds on... Read more

Introduction

How to Use This Book

Definitions

Attributes of Social Entrepreneurship 

Social Entrepreneurship as a Path to Sustainable Development

Institutions Supporting Social Entrepreneurs

Case Study: Practicing Extrapreneurship through Collaborative Jujitsu

Next Steps

Chapter Assignment

Notes

1  Researching Your Topic

Understanding a Social Challenge

Data is Power

Approaching Your Research

Diving into Research: Identifying Your Challenge

Diving into Action: Characterizing Your Challenge

Tracking and Interpreting Your Investigation

Case Study: Health Leads

Next Steps

Chapter Assignment

Notes

2  Talking to People

Understanding the Lived Experience

What Is a Community?

Knowledge Equity 

Stakeholder Analysis

Community-Driven Research 

Reaching Out to People

After You Talk to People: Piecing It Together

Case Study: Ciudad Saludable

Next Steps

Chapter Assignment

Notes

3  Designing a Solution

Innovation and Design Thinking 

A Design Process to Try 

During and After the Design Process

Tools for Testing and Refining Your Social Impact Idea

Beyond Design 

Incremental Innovation and Disruptive Innovation 

Case Study: Hippocampus Learning Centers 

Next Steps

Chapter Assignment

Notes

4  Developing Your Idea Further

Getting Your Idea Out There

Articulating Vision, Mission, and Values

How It Works

Evaluating Your Idea

Case Study: Daily Table 

Next Steps

Chapter Assignment

Notes

5  Measuring Outcomes

Social Outcomes versus Social Impact

Thinking about Your Success Metrics

Challenges and Best Practices in Measuring Social Outcomes

Building Systems for Data Collection and Analysis 

Do's and Don’ts of Success Metrics 

Case Study: Soufra

Next Steps

Chapter Assignment

Notes

6  Ensuring Financial Viability

Sources of Revenue

Payment Models

Distribution Models 

Operational Efficiency across Delivery Models

Financial Forecasting

Case Study: Aravind Eye Care Systems

Next Steps

Chapter Assignment

Notes

7  Funding Your Endeavor

Overview of the Social Investing Spectrum

Sources of Funding

Financial Vehicles

Evolution of Social Investment

Finding the Right Fit at Different Stages of Your Endeavor

Nonfinancial Support

Creating Your Resource Dashboard

Next Steps

Chapter Assignment

Notes

8  Structuring as an Organization

People

Process

Governance

Legal Structure

Considerations for Growth

Next Steps

Chapter Assignment

Notes

9  Pitching and Communications Strategy

Packaging and Pitching Your Business Plan 

Building a Communications Plan 

Evaluating Your Communications

Next Steps

Chapter Assignment

Notes

10  Expanding Your Reach

Thinking beyond Your Endeavor

Case Study: Catalyst 2030

Handing Off

Chapter Summary

Chapter Assignment

Notes

 

Biography

Teresa Chahine is the inaugural Sheila and Ron ’92 BA Marcelo Senior Lecturer in Social Entrepreneurship at Yale School of Management, USA. Her research and teaching focus on social and environmental drivers of public health outcomes, and on the role of social entrepreneurship as a potential pathway toward achieving the public health mission. She hosts the podcast Impact & Innovation, and teaches a publicly available course on social entrepreneurship through Coursera. Connect with her on Twitter at @teresachahine, and visit www.socialentrepreneurshipbook.com to learn more about resources for teaching and learning social entrepreneurship. 

"A timely contribution that equips people in organizations and more broadly in society with the tools, language, and frameworks to effect change and contribute to building a greener, fairer, and more just society. At once a primer on the social enterprise movement and a translation of academic research into practitioner action, this book demonstrates why we must all become social entrepreneurs to face today’s pressing challenges. At a time of multidimensional crises globally, this is an immensely useful companion for moving from ideas to impact."

Julie Battilana, PhD, Joseph C. Wilson Professor of Business Administration, Harvard Business School, USA; Alan L. Gleitsman Professor of Social Innovation, Harvard Kennedy School, USA; Founder and Faculty Chair, Social Innovation and Change Initiative, USA.

"Social entrepreneurship and innovation are all about finding new ways to address tough problems, creating value, defying constraints, and identifying opportunities – exactly the transformational work required to shift the status quo. By outlining the social entrepreneurship skill set and mindset, this book empowers individuals to become changemakers and take up the cause of advancing social justice and equity through the dynamic framework of social entrepreneurship."

Cheryl Dorsey, President, Echoing Green, USA.

"Everybody is a changemaker! We can teach and learn skills that help us make more effective and lasting changes. This textbook is a valuable guide to get that journey started. What are you waiting for?"

Bill Drayton, JD, Founder, CEO, and Chair, Ashoka, USA.

"Are you working to build a more just, sustainable, and equitable world? Teresa Chahine has assembled an indispensable, practical manual for the aspiring social innovator. This book will take you on a journey to shape your strategy, advance your skill set, and demystify the different approaches to driving transformational social change."

Don Gips, MBA, CEO, Skoll Foundation, USA.

"From launching innovations to measuring outcomes, Teresa Chahine breaks down every critical step of social entrepreneurship and challenges us to think more deeply and powerfully about our impact. Anyone not satisfied with the state of the world (which should be all of us!), needs to read and apply her lessons."

Seth Goldman, MPPM, Co-founder of Honest Tea and Eat the Change; Board Chair of Beyond Meat, USA.

"With the world never having been as polarized as it is today, it is no longer business as usual. The need for social entrepreneurship has never been as significant, and Chahine’s book is a timely and invaluable guide to social entrepreneurship for veterans and newcomers alike. She explains how they can mobilize their resources in innovative and daring ways to make a real difference in tackling today’s challenges, thereby leaving a lasting impact on the communities they serve."

Lubna Olayan, Chair of Executive Committee and Deputy Chairperson of Olayan Financing Company, Saudi Arabia; Chair of the Board of Trustees, Alfanar Venture Philanthropy, London, UK.

"A super helpful and comprehensive introduction to the field of social entrepreneurship. Such a wonderful guide to teach students that their innovations can make a difference in the world!"

Laurie Santos, PhD, Professor of Psychology, Yale University, USA; instructor on "The Science of Well-Being" course on Coursera; Host of The Happiness Lab Podcast.

"Social business is a special form of social entrepreneurship where the business is devoted entirely to solving human problems. Chahine's book will make it easy to understand the whole spectrum of social entrepreneurship."

Professor Muhammad Yunus, 2006 Nobel Peace Laureate, Chair, Yunus Centre; Founder, Grameen Bank, Bangladesh.