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Big Problem, Small Solution: Can Do-It-Yourself Processing Machines Help Combat Plastic Pollution?
From the viral video of a diver swimming in a sea of plastic, to National Geographic’s major focus on the topic this year, there’s growing public attention on the problem of plastic waste. So there was plenty of excitement when a Dutch engineer’s do-it-yourself plastic recycling machines started gaining traction around the world. Could the devices empower a global army of small entrepreneurs to turn plastic waste into revenue-generating products? The solution sounds appealing, but when Bali-based social enterprise Kopernik assessed its effectiveness, they came across one small problem.
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- Environment, Impact Assessment, Social Enterprise, Technology
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Navigating Change: A Step-By-Step Approach to Revising a Social Enterprise Business Plan
By 2018, EarthSpark International had already built two micro-grids in Haiti, sold around 18,000 clean energy products, and invented the leading meter for micro-grids, which sold 40,000 units in 22 countries. The company seemed to be primed for a successful future. But EarthSpark faced significant problems, both in terms of profitability and social impact. To achieve its mission, it needed to make major changes to its model. Social business pioneer Eric Carlson describes how the company revised its business plan, using the paradigm from his new book, Building A Successful Social Venture.
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- Energy, Social Enterprise
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The Missing Link in the Blockchain: The Need for Trust in a ‘Trustless’ System
Blockchain has become the ultimate tech buzzword, and development organizations are seeking to apply it in projects of every stripe. But as Rose Davis discovered in researching the technology’s social impact applications for Stanford, reliable digital identification is an essential precursor to many blockchain initiatives. Does a distributed ledger that has supposedly transcended the need for centralized oversight actually require some form of verification from trustworthy authorities? And if so, who should provide it? Davis explores these questions in this thought-provoking post.
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- Technology
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Three Ways Inclusive Businesses Can Become More Customer-Centric
In any successful business, the customer always comes first. However, impact-focused enterprises often paint customers at the base of the pyramid with wide brush strokes, overlooking nuances in culture, location and literacy. Christian Jahn, Executive Director of the Inclusive Business Action Network, understands the desire to "help" poor people – but notes well-intended social entrepreneurs risk ignoring what their customers really want. Instead, Jahn recommends businesses develop a holistic view of customer needs, viewing them through a realistic lens for more meaningful impact.
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- Social Enterprise
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Finding the Right Financial Partner: Lessons Learned from One Startup’s Success in the Funding World
Kinnos was founded during the Ebola outbreak of 2014, marketing an innovative chemical product that allows even untrained workers to apply disinfectant correctly. Its founders (then students at Columbia University) quickly received more than $750,000 in grants and prizes. But as their company grew, they had to learn to navigate the risky landscape of startup investment. According to Christina Tamer at VentureWell, the Kinnos team's success in this area—they have raised $1 million in venture funding from angel investors—offers a number of key lessons for other entrepreneurs.
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- Health Care, Investing, Social Enterprise
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Cracking the Nut: How a Cashew Enterprise Empowers Women in Rural Bali
Each day, East Bali Cashews (EBC) processes about 800 pounds of raw cashews, preparing them for snack production. The Indonesian company was launched about five years ago after a health care volunteer saw the impoverished conditions many agricultural workers face, and it now employs 400. But the statistic that most impresses Nadia Putri, an MBA candidate at the University of Michigan’s Ross School of Business, is that more than 80 percent are women. After interning there this summer, Putri details how EBC works to advance women by providing training in everything from English to Excel.
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- Social Enterprise
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The Least Sexy Approach to Development: Why We Need to Focus on Systems Change
Even within the systems-change sector, people joke that it is one of the least “sexy” facets of development work. Focused on addressing the faults in social, economic and political systems that lead to problems like poverty, the approach can be overwhelmingly complex, which has limited its widespread implementation. But as Lexi Doolittle at S3IDF explains, a market-based approach that nudges these systems towards greater inclusivity and productivity is a vital tool to catalyze social change – one that we cannot afford to overlook.
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- Investing, Social Enterprise, Uncategorized
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The Benefits of Conflict: Why the Tension Between Profit and Purpose is Actually Good for Social Enterprise
Social entrepreneurship is on the rise, yet many entrepreneurs still struggle to convince investors that they can turn a profit while advancing their missions. In researching several social enterprises, Eli Etzioni found that this conflict between profit and purpose is often an obstacle. But his studies also revealed some surprising ways it can lead to “moments of balance, creativity and ingenuity.” He explores how three entrepreneurs leveraged the tension between money and mission for the benefit of their businesses.
- Categories
- Social Enterprise