US-Saudi Women's Forum on Social Entrepreneurship

WORKING TOGETHER TO SOLVE SOCIAL ISSUES USING BUSINESS AND LEADERSHIP SKILLS

Mission Statement

The US-Saudi Women’s Forum on Social Entrepreneurship aims to enrich the lives of women and their communities through the application of business and leadership skills to social needs, while generating societal and economic value.

Working Together to Solve Issues Using Business and Leadership Skills 2

Partners

Dar Al Hekma College Jeddah, Saudi Arabia Babson College Boston, Massachusetts ICF International Washington, D.C.

Wellesley Center for Women Boston, Massachusetts 3

Social Entrepreneurship

 Approach social and community issues using:    Entrepreneurial spirit and vision Business principles Leadership skills Working Together to Solve Issues Using Business and Leadership Skills 4

Three Major Events



Introductory Seminar

 April 2009  Dar Al Hekma College (Jeddah, Saudi Arabia) 

Symposium on Social Entrepreneurship

 July 2009  Babson College (Boston, United States) 

Social Entrepreneurship Fair

 December 2009  Jeddah, Saudi Arabia 5

Mentor Program

   Purpose: To provide students with professional guidance locally When? April - December 2009 Where? Jeddah, Saudi Arabia  Will partner Saudi businesswomen with students participating in the Symposium on Social Entrepreneurship 6

Online Tools

 US-Saudi Women’s Forum Blog  www.us-saudiwomensforum.blogspot.com

 US-Saudi Women’s Forum Social Networking Site  www.us-saudiwomensforum.ning.com

Working Together to Solve Issues Using Business and Leadership Skills 7

Stay Connected

• Through the BLOG – Comments section – Send Emily • Through the NETWORK – Discussion groups – Communicate directly with faculty from DAH and Babson – Communicate directly with ICF project management team • Questions/concerns? Email: – [email protected]

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Introductions

Who is in the room?

Introductions to Women’s Leadership and the Learning Process

Module 1: Session 2

Framework for Creating Social Impact Social Need Mission Social Impact Strategies Operating Model Social & Economic Impact Indicators Organizational & Program Performance Indicators Vision of Success

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Introductory Seminar Overview

1. What is Social Entrepreneurship 2. How to be a Social Entrepreneur 3. How to Plant the Seeds for your Social Enterprise 4. How to Communicate your Vision 12

Introduction to Social Entrepreneurship

Module 1: Session 3

Objectives

• After this session, you will be able to: – Explain the meaning of social entrepreneurship – Recognize examples of different types of organizations – Identify characteristics of a social enterprise 14

Agenda

• Can we define Social Entrepreneurship? • Explore types of organizations • Learn how you can get involved 15

The Grameen Bank

A vision to end poverty

Vision of an Improved World

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Characteristics of Entrepreneurship

seize new opportunities risky innovative measurable results 18

Female Entrepreneurs

Lubna Olayan Olayan Financing Company Saudi Arabia Mrs. Huda Janahi Global Freight and Passenger Services Bahrain Nadia Dajani Founder of Jewelry Firm Jordan

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Characteristics of Social Entrepreneurship

seize new opportunities risky

social impact

innovative

social mission

measurable results 20

Examples of Social Entrepreneurship Soraya Salti Injaz Jordan and Gulf Raghda El-Ebrashi Alashanek ya Balady Association for Sustainable Development Egypt Lynn Freiji Wadi Environmental Science Centre

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Egypt

Characteristics of Social Enterpreneurship

1. Pursue a

social mission

2. Use

innovative

social issues 3. Are

accountable

approaches to address community members), not shareholders 4. Measure

impact

to stakeholders (e.g., with social return 5.

Reinvest

the mission 6. Are income and profits to pursue

sustainable

– financially and in impact

Adapted from Greg Dees (2001) The Meaning of Social Entrepreneurship and David Bornstein (2004) How to Change the World

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Social Entrepreneurship @ Babson

The process of organizing resources and providing leadership to identify and act on

people

and

planet opportunities

to create societal and economic value.

Educating mission-driven entrepreneurs to build and grow businesses for a better world.

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Social Entrepreneurship Addresses “People and Planet” Challenges

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What is a Social Enterprise?

Traditional NGO Enterprising NGO Social Enterprise Socially Responsible Business Corporate Social Responsibility Traditional For-Profit

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What is a Social Enterprise?

Traditional NGO Enterprising NGO Social Enterprise Socially Responsible Business Corporate Social Responsibility Traditional For-Profit Social purpose Mission Profit Stakeholders Mission Social Indicators Impact Shareholders Shareholders $$$ Lasting Social Impact $$$

26

Defining the Need

Need Root Cause Approach

6 % of children in Saudi Arabia cannot read -Lack of access to books -Lack of access of people to read to them and teach them to read -Increase access to books -Recruit & train reading tutors 27

Social Entrepreneurship Differs from Other Approaches Community Service Social Enterprise Zakat Activism

• Write editorials • Not directly providing books or tutors • Donate books • Not sustainable; doesn’t provide tutors • College students volunteer to tutor children • Not sustainable; doesn’t provide children with books 28

Summary

Entrepreneurship has often been cited as the engine of economic growth. Today, economic growth is still necessary, but no longer sufficient. Social entrepreneurship is the engine of positive, systemic change that will alter what we do, how we do it, and why it matters.

(Neck et al., 2008, p. 6)

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How do I Select a Concept for My Social Enterprise? Access Passion Assets Social Entrepreneurship Community Need Skill/Talent Knowledge

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Social Entrepreneurship in Saudi Arabia

Module 1: Session 4

Conclusion

Module 1: Session 5