transforming lives and communities through social entrepeneurship
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Transforming lives and communities through social entrepreneurship
Keston Perry Founder, KUMBA Consulting Group/ New Maroons Media
JCI Seminar SeriesThursday September 12, 2013
Kelvin ‘DJ Focus’ Doe in Sierra Leone
© 2013 KUMBA Consulting Group. All Rights Reserved.
Creativity
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Entrepreneurship defined
• 3 dimensions of entrepreneurship • Create value (generate profit or social benefit)
• Implement an original idea or incrementally significant idea
• Coordination of resources (social, financial and human)
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Rights Reserved.
Entrepreneurship / Innovation nexus
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Qualities of a social entrepreneur
• Ambitious: tackle major social issues; social vision ; – Organisational forms: Innovative nonprofits, Social-purpose ventures, hybrid
organizations that mix elements of non-profit and for-profit organizations.
• Mission driven: Generating social value —not wealth—is the central criterion of a successful social entrepreneur.– promoting systemic social change.
• Strategic: opportunities to improve systems, create solutions and invent new approaches that create social value.
• Resourceful: limited access to capital and traditional market support systems.
• Results oriented: produce measurable returns. These results transform existing realities, open up new pathways for the marginalized and disadvantaged, and unlock society’s potential to effect social change.
(Martin & Osberg, 2007)
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Challenges
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Challenges • Learning and Physical
Disability• Crime / Juvenile Delinquency • Poverty / vagrancy • Illiteracy• Cultural disengagement • Digital Divide • Lifestyle diseases • Governance / People
participation • Unemployment • Family dysfunction
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Social Enterprise Cases
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Financing • Social Entrepreneurship Program
– MIF/IADB
• Ministry of Labour, Small and micro-enterprise Development
• Ministry of Community Development
• Corporate Social Responsibility initiative – e.g. Repsol
• International Support – Canadian High Commission, British Council © 2013 KUMBA Consulting Group. All
Rights Reserved.
Community Involvement
• Support system / network• Community-driven and
owned • Listening, learning and
action Strategic and long-term
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Sustainability • The ability to endure into the
future through effectively catalysing networks, resources and creating long term positively impact on the community.
• Funding model – trading or selling a product; donations; contracting services
• Reinvestment © 2013 KUMBA Consulting Group. All
Rights Reserved.
Thank You
www.thenewmaroons.com
@kestontnt
© 2013 KUMBA Consulting Group. All Rights Reserved.