The Problem and The Opportunity Social Entrepreneurship Training Day 2 Session 2

The Problem and The Opportunity

What specific problem does your idea solve?

The Problem Why is it important? What is the scale of the problem? What are the contributing factors to the problem? Created by Stacey Childress in March 2002, Harvard Business School. Revised November 2006

The Opportunity Why is it solvable? What would the world look like if you solved it?

Incorporating SE Elements

Sourcing of Materials Buy your materials from local producers, marginalized groups such as farmers, small producers rather than the large ones Buy environmentally friendly materials rather than the traditional ones, especially in packaging your product

Production Process Incorporate environmentally friendly practices into your production process, e.g., less use of energy if possible Use more labor, rather than machines and ensure payment of decent wages and benefits Provide autonomy and participation of your workers in the different processes of the social enterprise

Marketing Promote and market your products truthfully – do not exaggerate about your product just to be able to sell Give the information that the customer needs to know to make an informed decision on the product

Profits/Surplus Give back some of your profit to pay forward to a good cause Provide scholarships/training opportunities for others Support socially relevant advocacies

Workshop: Develop your social enterprise idea What Social Problem are you addressing? Why is it important? What is the scale of the problem? What are the contributing factors to the problem? What Opportunity arose from the social problem? Why is it solvable? What would the world look like if you solved it?

Thank you! This presentation is a property of the Leadership and Social Entrepreneurship “LSE” Program of LSE Consortium. Should you wish to use this material, please contact the LSE Secretariat: LSE Manila Secretariat info.flsemnl@gmail.com