SEE Core Lecture 7 Slides Scaling impact CVS Flashcards
What is a social enterprise and how is its dominant
logic different to that of an enterprise with a for-profit motive?
1) It focusses on achieving wider social, environmental, or community objectives
2) It is motivated by the dual mission to achieve economic and societal value creation
What is a social enterprise and how is its dominant
logic different to that of an enterprise with a for-profit motive? (Based on barriers)
1) They will encounter a more complex array of barriers to growth
2) They face barriers to achieving financial sustainability as well as barriers to creating social value
What is the difference between scaling up and scaling out?
Scaling up: A greater number of users receive the same type of benefit
Scaling out: Widening the types or scope of impacts
What are the barriers to social enterprise growth?
Value based barriers:
Ethical value differences
Growth philosophy
Ethical principles
Business model barriers:
Access to finance
Access to human capital
Identify authentication
Institutional barriers:
Consumer culture
Business norms
What are the responses to the barriers?
1) Value-based decision making
2) Leveraging social mission
3) Leveraging social mission
Which business model is easier to scale?
Business model with a higher ability to capture economic value
Which business model is harder to scale?
Business model with less ability to capture economic value (positive externalities)
Which challenges did Hynes identified from his research?
1) Access to finance
2) Communicating the benefits and impact
3) A lack of understanding of the concept of a social enterprise by financial and non-financial stakeholders and the general public
4) Pricing and services
5) Recruiting and retaining staff
6) Personal issues