Social Business Model Canvas
Let’s talk about social venture’s business model.
Social Business Model Canvas (SBMC) is not much different from BMC. Yet, three distinct elements can be observed when it comes to SBMC. First, Social Business Model should have both financial and social value proposition. Second, BM only cares about customers who benefit from your products/services and pay for them. However, in SBM, both beneficiaries and payers should be analyzed and appropriately addressed. Third, social enterprises should monitor and evaluate their performance based on two dimensions- profit and impact.
In the following sections, we will discuss interesting cases of social ventures in Korea. Please examine those cases by using SBMC framework and share your thoughts and ideas on how to further improve their social business.
Reach your personal and professional goals
Unlock access to hundreds of expert online courses and degrees from top universities and educators to gain accredited qualifications and professional CV-building certificates.
Join over 18 million learners to launch, switch or build upon your career, all at your own pace, across a wide range of topic areas.
