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Educating Social Entrepreneurs MIESING • AGGESTAM THE BUSINESS Educating Social Entrepreneurs Principles for Responsible EXPERT PRESS Management Education Collection DIGITAL LIBRARIES From Business Plan Formulation to Implementation, Volume II Oliver Laasch, Editor EBOOKS FOR Editors BUSINESS STUDENTS Curriculum-oriented, born- Paul Miesing • Maria Aggestam digital books for advanced Educating Social Entrepreneurs: From Idea Generation to Business Plan business students, written Formulation appears at a time of unprecedented environmental by academic thought disasters, natural resources depletion, and significant failure of leaders who translate real- governments and global businesses to attend to worldwide social world business experience problems. In this era of downsizing, restructuring, and social Educating Social into course readings and changes, notions of traditional venture creation and the ways of reference materials for creating social values have been challenged. We draw on examples students expecting to tackle from various parts of the business world and societies to prepare Entrepreneurs students, scholars, and entrepreneurial managers to deal with the management and leadership challenges presented by a new and diverse business environment challenges during their to create business plan for a social venture. Illuminating trouble­ EDUCATING SOCIAL ENTREPRENEURS, VOLUME II VOLUME SOCIAL ENTREPRENEURS, EDUCATING From Business Plan professional careers. some aspects of the global social and business worlds, this POLICIES BUILT workbook comprises two volumes that covers key issues. Students, Formulation to BY LIBRARIANS scholars, and entrepreneurs who want to help a world of multiple disparities by dealing with social entrepreneurship will find this to • Unlimited simultaneous be beneficial reading. Implementation usage • Unrestricted downloading Paul Miesing is the founding director of UAlbany’s Center for and printing Advancement and Understanding of Social Enterprises. He has • Perpetual access for a published dozens of articles in both academic and practitioner Volume II one-time fee journals, including those listed in the Financial Times “top 45” • No platform or journals. He served on several peer review boards, including the maintenance fees Council for International Exchange of Scholars (CIES) and the • Free MARC records National Science Foundation. In 2013, he was the recipient of • No license to execute UAlbany’s inaugural Exemplary Community Engagement Awards for both the Small Enterprise Economic Development and Going Editors The Digital Libraries are a Green Globally programs. comprehensive, cost-effective Paul Miesing way to deliver practical Maria Aggestam studies entrepreneuring processes in various contexts such as in art­related industries, high­tech and biotech­ treatments of important nology businesses, and entrepreneurs within Swedish gastronomy. Maria Aggestam business issues to every Her research is cross­disciplinary, combining perspectives from student and faculty member. among the social sciences. She is research­affiliated to Sten K. Johnson Centre for Entrepreneurship at the Department of A CRME Publication Business Administration, Lund University, Sweden. She is also affiliated to Nelson Mandela African Institution of Science and For further information, a Technology where she serves on the teaching team on master free trial, or to order, contact: programme in entrepreneurship and innovation and also as an advisor to start­up enterprises. [email protected] Principles for Responsible www.businessexpertpress.com/librarians Management Education Collection Oliver Laasch, Editor ISBN: 978-1-63157-897-7 Educating Social Entrepreneurs Educating Social Entrepreneurs From Business Plan Formulation to Implementation Volume II Paul Miesing and Maria Aggestam Educating Social Entrepreneurs: From Business Plan Formulation to Implementation, Volume II Copyright © Business Expert Press, LLC, 2017. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means—electronic, mechanical, photocopy, recording, or any other except for brief quotations, not to exceed 400 words, without the prior permission of the publisher. First published in 2017 by Business Expert Press, LLC 222 East 46th Street, New York, NY 10017 www.businessexpertpress.com ISBN-13: 978-1-63157-897-7 (paperback) ISBN-13: 978-1-63157-898-4 (e-book) Business Expert Press Principles for Responsible Management Education Collection Collection ISSN: 2331-0014 (print) Collection ISSN: 2331-0022 (electronic) Cover and interior design by Exeter Premedia Services Private Ltd., Chennai, India First edition: 2017 10 9 8 7 6 5 4 3 2 1 Printed in the United States of America. Abstract Educating Social Entrepreneurs: From Idea Generation to Business Plan Formulation appears at the time of unprecedented environmental disasters, natural resources depletion and significant failure of governments and global business to attend social problems occurring around the globe. In the world of downsizing, restructuring and social changes, notions of traditional ven- ture creation and the ways of creating social values have been challenged. Drawing from contributions by scholars of social entrepreneurship from Europe, North and South America, and Africa, this edited volume reveals interdisciplinarity of entrepreneurship research. To assist the read- ers, students, and teachers in understanding some dilemmas of our time, the contributors to these collections adopt an array of theoretical frame- works that all examine a multitude of societal and business issues in which the social entrepreneur surfaces. This Social Entrepreneurship book draws examples from various parts of the global business world and various societies and prepares students, scholars, and entrepreneurial managers to deal with the challenges pre- sented by a new and diverse business environment. It is our belief that these two volumes endorse the importance of social entrepreneurship in the competitive business landscape and prepare students of business and other faculties to create their own business plan for a social venture. Illuminating troublesome aspects of the global social and business worlds, this Social Entrepreneurship book comprises two volumes and covers key issues such as defining social entrepreneurship; contexts for social entrepreneurship; pitching and communicating social opportuni- ties; and also implementing social opportunities that covers the areas of organizational structures and hybrid organization for social enterprises; mobilizing resources to fund social ventures; scaling the social ventures; and ecopreneuring as social enterprises. Students, scholars, and entrepreneurs who want to prepare themselves to help the poverty-stricken world and deal with social entrepreneurship will find this to be beneficial reading. Keywords case studies, entrepreneurship, social business plan, social entrepreneurship Contents Introduction ������������������������������������������������������������������������������������������xi Part IV Organizational Structures and Hybrid Organizations for Social Enterprises �������������������������� 1 Chapter 17 Legal Structures Available to Social Enterprises: An Overview ...................................................................3 Helen Takacs Chapter 18 Examining the Ethics of Organizational Legal Forms: Lessons from the Social Enterprise Movement ..............19 Rae André Chapter 19 The “Benefit Corporation”: A Viable Option for Social Entrepreneurs? ..............................................33 Raymond Brescia Chapter 20 International Case Studies in Social Entrepreneurship: A Focus on Brazil .............................63 Claudia G� Green, Casey Frid, and Imran Chowdhury Chapter 21 Aquamariner Project: A Path for Food Self-Reliance? ................................................................75 Adele Santana and Soren Hultman Chapter 22 ECO Kitchen ...............................................................83 Ester Barinaga Chapter 23 Worksheet for “Organizational Structures and Hybrid Organizations for Social Enterprises” ................93 Paul Miesing Part V Mobilizing Resources to Fund Social Ventures ��������� 95 Chapter 24 Financing Modes of Social Entrepreneurship ................97 Bogdan Prokopovych and Davis Plotnieks viii CONTENTS Chapter 25 Microfinance: Models and Implications for Social Entrepreneurship ..............................................117 Wonhyung Lee Chapter 26 Crowdfunding ............................................................131 Stephanie Black and Lynda de La Vina Chapter 27 What’s on the Menu? Feeding Your Social Enterprise ...149 Elizabeth A�M� Searing Chapter 28 How to Crowdfund Your Venture ...............................159 Stephanie Black Chapter 29 Communicating for Funding ......................................163 Marie Löwegren Chapter 30 Volu: Validating the Business Case ..............................169 Chris McCarthy, Anthony Richichi, and Gary E� Shaheen Chapter 31 Worksheet for “Mobilizing Resources to Fund Social Ventures” ..........................................................177 Paul Miesing Part VI Scaling the Social Venture �������������������������������������� 179 Chapter 32 Systems Thinking for the Social Entrepreneur .............181 Eliot Rich Chapter 33 Made in Carcere: Scaling a Social Enterprise Business Model ...........................................................203 Luca Mongelli, Pietro Versari,
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