This document discusses social entrepreneurship and how social entrepreneurs make an impact. It defines key terms like social innovation, social entrepreneur, and social enterprise. It explains how social entrepreneurs identify problems and develop innovative solutions to create social value. The document also discusses strategies for improving and scaling social solutions, as well as emerging models for impact investing that support social entrepreneurs.

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INNOVATIVE THINKING
SOCIAL ENTREPRENEURSHIP:
to Build a Better North Texas

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How Social Entrepreneurs
Make an Impact
July 8, 2015
SUZANNE N. SMITH, MBA • suzanne@socialimpactarchitects.com

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Photo: Goodwill Industries/Herald Times

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S
ENTREPRENEURS?
C AL
Photo: Grameen Foundation

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For-profit
entrepreneurs
Social
Entrepreneurs
Name these entrepreneurs:
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3
4
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Photo: TROSA

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S C AL INNOVATION
Social
Innovation
= IDEAMayors Challenge • Worldwide
• Innovation: Competition that encourages cities to
come up with innovative ideas to solve major
challenges
• Enterprise: In Barcelona, the city is using digital
and low-tech strategies to create a “trust
network” for each at-risk elderly resident
Photo: Bloomberg Philanthropies

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S C AL ENTREPRENEUR
SocialEntrepreneur
= PERSON
Source: Outside Inc
Vodafone • Africa
• Innovation: New money transfer system
that enables banking opportunities in
Africa
• Entrepreneur: Vodafone team of
intrapreneurs

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S C AL ENTERPRISE
Pioneer Human Services & Boeing • Seattle, WA
• Innovation: Boeing provides training for
Pioneer employees to manufacture parts for
aircraft
• Enterprise: Pioneer Human Services operates
manufacturing facilities that employ individuals
recently released from prison
Social
Enterprise
= MODEL
Photo: Pioneer Human Services
Services

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Photo: Women’s Bean Project

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Social Alchemy
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In Focus: Innovate
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• Start with the problem,
not the solution
• Use secondary research
to find best practices,
competitors/comparables
and market conditions
DO DON’T
• Fall in love with your
idea
• Assume that “if you build
it, people will come”
• Focus on the problem
• Gather all the facts
• Resist assumptions
• Generate ideas for
solutions using
disciplined process
PURPOSE

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In Focus: Improve & Impact
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• Ensure the solution you
implement is having a
positive impact on those
you serve
• Be focused and flexible
DO DON’T
• Get caught in analysis
paralysis
• Rely on anecdotal results
to prove impact
• Get caught in activity
trap
• Test and refine
hypotheses based on
real world knowledge
• Focus on continuous
improvement and results
• Ensure positive effects
PURPOSE

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In Focus: Scale
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• Use a logic model to
distill the essential
components of your
enterprise that generate
your results – fewer
components  easier to
replicate results
DO DON’T
• Scale without conducting
a feasibility assessment
on growth opportunities
• Assume that scale is only
bricks and mortar
• Expand successful ideas
to benefit more
individuals
• Understand what really
matters
PURPOSE

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Social Focus Profit Focus
Nonprofit For-profit
Traditional
Nonprofits
“Enterprising
Nonprofits”
Double/Triple
Bottom Line
Companies
Traditional For-
profit Businesses
Traditional Philanthropy
Impact Investing
Traditional Investing
MPACT NVEST NG
Source: Case Foundation

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Investors
Intermediary
Service Provider Government
Investor Risk
Make long-term
investment
Fund & oversee
evidence-based
prevention programs
Produce improved outcomes that reduce demand
for remedial services
Pay only for programs
that achieve results;
retain % of savings
Repay principal +
interest
1
2
3
4
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PAY FOR SUCCESS
Source: Social Finance US

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EVERYONE CAN BE A
CHANGEMAKER
Photo: Texas Capitol News

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socialimpactarchitects.com/wp
CHECK OUT THESE BLOGS:
HOW TO CHOOSE YOUR VENTURE
socialimpactarchitects.com/wp/how-to-
chose-your-own-venture
LEAN START-UP: SOCIAL SECTOR EDITION
socialimpactarchitects.com/wp/the-lean-
start-up-social-sector-edition
CONFESSIONS OF A SOCIAL
INTRAPRENEUR
socialimpactarchitects.com/wp/confession
s-of-a-social-intrapreneur-part-one
LEAN IN FOR THE SOCIAL SECTOR
socialimpactarchitects.com/wp/lean-in-
for-the-social-sector-3-ways-we-hold-
ourselves-back
SOCIAL IMPACT BONDS
socialimpactarchitects.com/wp/are-social-
impact-bonds-the-right-financing-tool-for-
my-organization

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Suzanne Smith, MBA
Founder & Managing Director, Social Impact Architects
National Member
• Senior Policy Advisor, Social Enterprise Alliance
• Consultant Member, Society for Organizational Learning
• Research Fellow, Center for the Advancement of Social
Entrepreneurship at Duke University (CASE)
• Alumni Council, Fuqua School of Business at Duke University
Local Leader
• Adjunct Professor – University of North Texas
• Dallas, Texas – South Dallas/Fair Park Trust, Mayor’s Task Force
on Poverty, Dallas Business Club, Entrepreneurs for North Texas,
Leadership Dallas, Leadership North Texas & Junior League
• Cincinnati, Ohio – Flywheel: Social Enterprise Hub
Awards & Honors
• Dallas Regional Chamber, Young ATHENA Award, 2014
• Huffington Post’s Top 10 Social Sector Blog, 2014
• Dallas Business Journal’s 40 Under 40 Award, 2012
• Next Generation Social Entrepreneurs Award, 2010
SocialImpactArchitects
@snstexas @socialtrendspot
company/social-impact-architects
in/suzannesmithtx
suzanne@socialimpactarchitects.com
www.socialimpactarchitects.com