THEORETICAL OVERVIEW
Introduction to Social Entrepreneurship
To understand what a social entrepreneur is, it is relevant to establish by what means the available literature defines the concept.
Social entrepreneurship is a term conceptualized a few decades ago; therefore, there is a lack of a formal or precise definition. Different realms have defined the concept resulting on several interpretations according to the divergent perspectives of the available research of social entrepreneurship (Short, Moss, & Lumpkin, 2009).
After reviewing the crafted definitions from several authors (Short et al., 2009), (Mirabella & Young, 2012), (Martin & Osberg, 2007) in different domains suchlike management, philanthropy and entrepreneurship, I have …show more content…
Poverty has been studied and defined by multiple disciplines and approaches. It represents a widely studied subject as it is one of the biggest problems of the human kind, and will continue to be. Its complexity is due to the fact that poverty does not only represent an economic problem; it also comprises social, cultural and political challenges.
The United Nations Educational, Scientific and Cultural Organization (UNESCO) has developed several definitions and measurements for poverty (Poverty, 2016):
• Income poverty - Occurs when a family 's income fails to meet a federally established threshold. This measurement differs across countries and is adjusted according to the number of persons in a family.
• Extreme poverty – This category is set to the possession of less than $1 dollar a day.
• Absolute poverty - Measures poverty in relation to the amount of money necessary to meet basic needs such as food, clothing, and …show more content…
The Theory of Change Template
Once the Theory of Change is defined, students will move forward to the creation of a Business Model. For the purpose of this course and specially due to the fact that students will be developing social business models, thet will develop a business model with Alex Osterwalder’s Business Model Canvas.
The Swiss strategist and business theorist developed this revolutionary template on 2008; companies and entrepreneurs use it worldwide as it allows describing, designing, challenging, and pivoting a business model in a very graphic and practical fashion. Osterwalder has developed as well the Value Proposition Canvas and other strategic management and execution tools and processes that students can implement while designing their business model (Osterwalder, 2016).
Figure 7. Alex Osterwalder’s Business Model Canvas
Along with Osterwalder’s template, students will work with the Social Business Model Canvas, a modified version created by the Center for Social Innovation to help detail the process of starting a social venture. This modified version includes specific elements required for social ventures: beneficiary segments, social value proposition, impact measures and
Introduction to Social Entrepreneurship
To understand what a social entrepreneur is, it is relevant to establish by what means the available literature defines the concept.
Social entrepreneurship is a term conceptualized a few decades ago; therefore, there is a lack of a formal or precise definition. Different realms have defined the concept resulting on several interpretations according to the divergent perspectives of the available research of social entrepreneurship (Short, Moss, & Lumpkin, 2009).
After reviewing the crafted definitions from several authors (Short et al., 2009), (Mirabella & Young, 2012), (Martin & Osberg, 2007) in different domains suchlike management, philanthropy and entrepreneurship, I have …show more content…
Poverty has been studied and defined by multiple disciplines and approaches. It represents a widely studied subject as it is one of the biggest problems of the human kind, and will continue to be. Its complexity is due to the fact that poverty does not only represent an economic problem; it also comprises social, cultural and political challenges.
The United Nations Educational, Scientific and Cultural Organization (UNESCO) has developed several definitions and measurements for poverty (Poverty, 2016):
• Income poverty - Occurs when a family 's income fails to meet a federally established threshold. This measurement differs across countries and is adjusted according to the number of persons in a family.
• Extreme poverty – This category is set to the possession of less than $1 dollar a day.
• Absolute poverty - Measures poverty in relation to the amount of money necessary to meet basic needs such as food, clothing, and …show more content…
The Theory of Change Template
Once the Theory of Change is defined, students will move forward to the creation of a Business Model. For the purpose of this course and specially due to the fact that students will be developing social business models, thet will develop a business model with Alex Osterwalder’s Business Model Canvas.
The Swiss strategist and business theorist developed this revolutionary template on 2008; companies and entrepreneurs use it worldwide as it allows describing, designing, challenging, and pivoting a business model in a very graphic and practical fashion. Osterwalder has developed as well the Value Proposition Canvas and other strategic management and execution tools and processes that students can implement while designing their business model (Osterwalder, 2016).
Figure 7. Alex Osterwalder’s Business Model Canvas
Along with Osterwalder’s template, students will work with the Social Business Model Canvas, a modified version created by the Center for Social Innovation to help detail the process of starting a social venture. This modified version includes specific elements required for social ventures: beneficiary segments, social value proposition, impact measures and