Hot summer, hot SE news! Let’s catch the fresh news from YBD China together now. In this newsletter, we’ll not only provide updated SE news, innovative thinking pattern but also recommend recent book and activity for you. Hopefully, it’s helpful. YBDC News YBD Competition on the go Currently, finalists of the 1st –round YBD Competition have got enrolled in the newly launched on-line platform and matched with mentors from Oxford Said Business School . In this platform, participants can keep in touch with their mentors at any time and also get useful resources. SE News Social financiers merge at ‘most critical time in a generation’ Two of the big names in the world of social finance, Charity Bank and Investing for Good, will as of today work together in a strategic alliance. The partnership will create a full service social bank combining Charity Bank’s retail deposit and lending bank services with Investing for Good’s ability to provide investment advice and arrangements to wealth managers. 
Hayday: This will hasten the development of a broad range of social investment services at the most critical juncture for financial services in a generation | |
Charity Bank CEO Malcolm Hayday said: ‘The strategic fit with Investing for Good is very strong and our combined strengths will hasten the development of a broad range of social investment services at the most critical juncture for financial services in a generation.’Geoff Burnand, co-founder of Investing for Good, and now also Chief Investment Officer of Charity Bank, said: ‘If this sector is going to progress it needs to demonstrate collaboration and scale.
As part of the alliance Investing for Good’s other co-founder Caroline Mason, who is also a board member of the Social Enterprise Coalition and a Social Enterprise columnist, will become Charity Bank’s Chief Operating Officer. Both Charity Bank and Investing for Good will keep their individual brand names.
Resource: http://www.socialenterpriselive.com
Bridging the Gap Between Nonprofits and Traditional Businesses
The New York State Senate passed bill No. S7855 on Wednesday, June 16, that authorizes the incorporation of benefit corporations, bridging the gap between nonprofits and traditional businesses. A benefit corporation is one of a business structure with a social agenda, driven by more than just profits. Benefit corporations under this legislation would their consider stockholders, employees, suppliers’ workforce, customers, communities and the environment while making decisions, holding them to higher standards of corporate purpose.
The state legislature isn’t the only one promoting benefit corporations. This Sunday, June 27, the Grameen Creative Lab and the Social Enterprise Program are organizing a Social Business Lab. This event will bring in industry professionals from diverse backgrounds—including business leaders, artists, students, social business experts and NGOs—to share thoughts and ideas with the goals to: develop deep understanding of social business, Identify existing social needs in US society, exchange best practices of social businesses, connect people with similar ideas and aspirations.
Resource: http://www4.gsb.columbia.edu
SE Methodology
Avantage Venture’s View on Performance Metrics
A social enterprise may use metrics for self-evaluation purposes by looking at areas such as management, organization, and efficiency, for marketing purposes in order to attract funding, or for program evaluation purposes to assess their effectiveness. Investors, on the other hand, use metrics differently depending on the type of investor that they are. Investment-first social investors place more weight on traditional financial metrics. They require impact measurements that are simple and easy for the average investor to understand. Impact investors, on the other hand, place much more weight on social and environmental metrics. As such, they require more sophisticated impact measurements to quantify the impact of their investment, or in other words, how much good they have done.
Of the existing methodologies created by social entrepreneurship practitioners, we like the Base of the Pyramid (BOP) Impact Assessment Framework developed by Ted London for ventures to assess the impact their initiatives are having locally, both in the short-run and over time. The framework focuses on the impact on two main stakeholders, sellers and buyers as well as their communities, along three dimensions: their economic situation, their capabilities, and their relationships. The strength of this approach is that it is holistic and captures a wide variety of qualitative evidence of a social enterprise’s impact. However, due to the qualitative nature of the data collected, it is difficult to compare the impact of different social enterprises, which social investors demand when evaluating potential social investments.
Another methodology that we like, which we believe would complement Ted London’s BoP framework, is the Impact Reporting and Investment Standards (IRIS) Framework that defines, tracks, and reports the performance of impact capital. IRIS created a standard set of financial, operational, and sector-specific indicators to allow for comparison across different organizations that have social and environmental impact as their main driver. In addition to the ability to compare performance and impact across different social enterprises, we believe that another large benefit of the IRIS framework is that many industry leaders, from the Rockefeller Foundation to the Acumen Fund, are supporters of the IRIS framework. The social investment community is seeking a common language and methodology in which to measure the performance and impact of social investments, and more organizations are viewing IRIS as the framework seems for doing so.
Resource: http://www.avantageventures.com/marketplace/impact
SE Activity
Symposium Summit 2010
Theme: Social Entrepreneurship in the 21st Century: Creating New Values and Partnerships for Co-Development (tentative)
Date: 19th & 20th November 2010 (Friday and Saturday)
Time: 8:30 am – 6:00 pm
Venue: The Youth Square, 238 Chai Wan Road, Chai Wan, Hong Kong
Resource: http://www.social-enterprise.org.hk/
SE Books
MANAGEMENT FOR SOCIAL ENTERPRISE
Overviewing the key business topics required by social entrepreneurs, and managers in social enterprises Management for Social Enterprise covers strategy, finance, ethics, social accounting, marketing and people management.
Written in direct, accessible language by a team of authors currently teaching and researching in this sector, each chapter is fully supported with learning resources. Chapters include brief overviews, further reading, suggested web resources and, importantly, international case studies, drawing on real-life business examples.
This book is essential reading for students and practitioners of Social Entrepreneurship and Social Enterprise, but will also be of use to anyone with an interest in management, corporate responsibility, ethics or community studies.
Resource: http://www.bigapple1.info/asp%20page130.asp?detailid=50990
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"When you do the common things in life in an uncommon way, you will command the attention of the world." George Washington CarverWhat is Social Entrepreneurship?Statement of Faith
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