careers in social enterprise
Post on 22-Sep-2014
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Welcome to the Evisors Webinar
Visit us online at www.evisors.com
Careers in Social Enterprise
Abhilash Mudaliar
Hosted by: Career Advisors on Demand..com/webinars
Agenda
About AbhilashIntro to Social EnterpriseIndustry StructureExamples of FirmsDebates in the SectorGetting a Job in the SectorQ&A
Hosted by: Career Advisors on Demand..com/webinars
About me
• Started career at Bain & Company, but moved into social enterprise in 2005
• Worked in various roles in social enterprise, primarily in microfinance and education sectors
• Regional Manager in charge of expansion for Unitus
• Social VC investor at Elevar
• Education researcher at AP RESt
• Entrepreneur at Hippocampus
• Consultant at Dalberg (internship)
• MPA/ID from Harvard Kennedy School; BA / BCom from University of Melbourne
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Agenda
About AbhilashIntro to Social EnterpriseIndustry StructureExamples of FirmsDebates in the SectorGetting a Job in the SectorQ&A
Hosted by: Career Advisors on Demand..com/webinars
What is ‘social enterprise’?
• Using market-based solutions and / or business principles to address social challenges
• “Fighting poverty with profitability”
• Can be for-profit, not-for-profit or hybrid
• A fast-growing sub-sector within ‘international development’
• Key moment: Fortune at the Bottom of the Pyramid by C. K. Prahalad
• ‘Intent’ is very important: in addition to generating a financial return, a core focus is the generation of some social return / impact
• Philosophy: the poor are not ‘beneficiaries’ or ‘charity-cases’ but rather are ‘customers’ and ‘clients’ and ‘producers’
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Agenda
About AbhilashIntro to Social EnterpriseIndustry StructureExamples of FirmsDebates in the SectorGetting a Job in the SectorQ&A
Hosted by: Career Advisors on Demand..com/webinars
Key industry players
Social Enterprises
Funders
Professional Services Firms
Industry Level Organisations
Firms that directly sell products or services to customers at the BoP (typically for-profit, but also some non-profit)
Those that provide capital to social enterprises, including grant-makers, Angel and VC investors and lenders
Includes firms that help SEs raise funds, that help investors place funds, and firms that consult to SEs
Includes ratings firms, research organisations, policy and advocacy bodies, industry bodies, etc.
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Industry structure
Social Enterprises
BoP
Sell socially-critical products or services to customers at the BoP
Produce products for SEs to market; provide labour to SEs
Funders, Professional Services Firms, Etc.
Fund SEs, consult to SEs, promote industry more broadly, etc.
Return capital. Provide data, market insight, and info on social impact.
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Agenda
About AbhilashIntro to Social EnterpriseIndustry StructureExamples of FirmsDebates in the SectorGetting a Job in the SectorQ&A
Hosted by:See the rest at evisors.com/webinars/webinar/43
Social enterprises (1 of 2)
Sector Description Sample firms
Health Access to a range of health services for BoP populations, often leveraging mobile technology
Deworm the World; Mera Doctor; Click Diagnostics; Naya Jeevan; Dimagi
Education Providing children at the BoP with access to basic education materials, but also setting-up entire chains of low-cost schools and tuition centres
Bridge International Academies; Hippocampus Learning Centres; Educate!; Teach For All; First Book
Microfinance Provision of efficient financial services to the BoP. Started with credit, but recent expansion of savings, insurance, etc.
Grameen Bank; SKS; Compartamos; Banco Sol; Ujjivan
Agriculture Largely focused on helping farmers in developing world improve yields
Moksha Yug Access; One Acre Fund; Driptech; Farm Builders
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Social enterprises (2 of 2)
Sector Description Sample firms
Skills Training Focused on skilling-up and placing unemployed youth in gainful employment
The Indalo Project; Hapinoy; Medha
Water Focused both on improving quality of water that BoP have access to, and improving ways in which they can access
Water Health International; Village Forward; Water.org; AquaNation; Sarvajal
Energy Access to more cost-effective, more reliable, more sustainable and less harmful energy sources in poor areas
Simpa; D-Light; Husk Power Systems; Promethean Power; Selco
Housing Improving supply of quality low-cost housing in slums; also land rights
Jamii Bora; Saiban; Ansaar Management Company
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Girl studying with help of D.Light solar lantern, India
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Bridge International Academies classroom, Kenya
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Funders
Grant-makers Early-stage investors
Social VCs Lenders Crowd-sourced Platforms
• Dell Foundation
• Rockefeller Foundation
• Villigro• Unitus Seed
Fund• Acumen
Fund• UnLtd• First Light
• Elevar Equity• Omidyar
Networks• Leapfrog
Investments
• Root Capital• E + Co
• Start Some Good
• Unreasonable Institute
• MicroPlace• Kiva• Prosper
• Many of these operate across multiple columns, e.g. MSDF provides grants and equity
• Some of these operate across sectors (e.g. Elevar); others are focused on just one sector (e.g. Leapfrog)
• Social VC funds have really mushroomed in recent years; today stiff competition chasing very few investable opportunities
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Professional services firms
Social Investment
Banks
Investment Advisory Firms
Consultants Evaluation Firms
Description • Help SEs raise funds
• Help impact investors do deals
• Help LPs (HNWs and institutions) place funds
• Support SEs; both technical and strategic consulting
• Attempt to measure end impact of SEs, and advise accordingly
Examples • Unitus Capital• Intellecap• D. Capital
• Imprint Capital• Impact Assets
• Micro Save• Affordable
Housing Inst.• Accion• Endeavor
• ID Insight• Bankable
Frontier• Policy
Innovations
• Again, some of these operate across sectors; others are focused on just one sector• Lots of growth potential in these segments
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Industry-level organisations
‘Cheerleaders’
Data Aggregators
Ecosystem Developers
• The Skoll Foundation and the Schwab Foundation for Social Entrepreneurship are two of the most well known entities that “celebrate” and “promote” SE
• Also check-out Echoing Green, which is perhaps the most popular social enterprise business plan contest
• MIX Market aggregates and analyses data from over 2,000 MFIs around the world, and is typically the first-stop for anyone seeking information on MFIs
• The Global Impact Investing Network (GIIN) is the industry body for impact investment vehicles worldwide
• Gray Matter’s Capital works to develop the entire ‘ecosystem’ for ‘affordable private schools’
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Agenda
About AbhilashIntro to Social EnterpriseIndustry StructureExamples of FirmsDebates in the SectorGetting a Job in the SectorQ&A
Hosted by:See the rest at evisors.com/webinars/webinar/43
Important debates in the space
• ‘Social enterprise’ versus ‘social business’
• Balance between different objectives
• Measurement of non-financial metrics, and whether SEs should be held accountable for these, just as firms are with financial results
• Role of philanthropy: Needed to reach poorest-of-poor or can market forces reach even the very poorest?
Customers getting water from a Sarvajal water filtration system
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Agenda
About AbhilashIntro to Social EnterpriseIndustry StructureExamples of FirmsDebates in the SectorGetting a Job in the SectorQ&A
Hosted by:See the rest at evisors.com/webinars/webinar/43
What do I need to figure out?
• How close to the end customer do I wish to be?
• What types of functions interest me?• What type of lifestyle do I desire?• Any sectoral or geographic
preferences?
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What are organisations looking for?
• A genuine commitment to the field / passionate about social problems
• Make sure you’re well read about the industry and relevant issues
• Belief in the ability of market forces to address development challenges
• Empathy and Humility
• Belief that poor are rational, capable actors, that they are not poor because they’re stupid or lazy, but rather because they don’t have access to opportunities
• Comfort with ambiguity
• Private sector experience / MBAs are highly valued
• Willingness to travel and get into the ‘the field’
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How to get a job in the space
• Individual company websites – most post jobs• Set-up coffees or informational calls with people at different firms to learn
more and build networks• Attend conferences (there are plenty!) to network
• E.g. Skoll World Forum, SOCAP, Emerge (Oct 27-28)• Plenty of job sites, Google Groups, LinkedIn Groups, etc.
• Net Impact• Idealist• Devex• Devnet• Next Billion• ClearlySo
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Agenda
About AbhilashIntro to Social EnterpriseIndustry StructureExamples of FirmsDebates in the SectorGetting a Job in the SectorQ&A
Hosted by:See the rest at evisors.com/webinars/webinar/43
Questions & Answers
Question 1:
What were your experiences with social enterprise within Sub-Saharan Africa?
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Questions & Answers
Question 2:
What are the pros and cons of choosing a for-profit/non-profit status for their company?
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Questions & Answers
Question 3:
To what extent do governments intervene and slow down the process for social entrepreneurship?
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Questions & Answers
Question 4:
What can we expect in terms of remuneration range for non-profit organizations?
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Questions & Answers
Question 5:
Are there any notable trends in computing technology that increase the effectiveness of social enterprise?
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Questions & Answers
Question 6:
What are some of the greatest challenges to be addressed in providing healthcare to emerging countries?
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Questions & Answers
Question 7:
What are the most important skills to develop when moving into social enterprise?
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Questions & Answers
Question 8:
Where do you see yourself in 20 years with your career?
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Questions & Answers
Question 9:
What is your perspective of CSR? How difficult is it to join the CSR department within a company? What kind of profiles are they looking for?
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Questions & Answers
Question 10:
How are you truly able to identify with the social projects you have worked for?
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Questions & Answers
Question 11:
Has the evolution within information technology provided clarity in defining non-financial metrics applicable to social enterprise firms?
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Thanks for Joining & Good Luck!
• If you have any questions you can contact me on [email protected]
• You can also book a session with me at http://www.evisors.com/expert/1076
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