Skip to 0 minutes and 7 secondsIn Week 1 we discussed social innovation which is a new, useful solution to social problems. We also covered social entrepreneurship which helps social innovation can be designed and implemented to make social changes. In Week 2 we discussed how to measure and manage impact, which is the result of social innovation. We also talked about Theory of Change, which can be used to analyze the process of making impact. In Week 3 we discussed CSR, CSV, and Collective Impact. These concepts would be very helpful when you collaborate with the private sector, mobilizing its resources and expertise to address social problems together. In Week 4 we discussed impact investing.

Skip to 1 minute and 6 secondsEven when you have a wonderful idea or nice solution to resolve social problems, you can do little without sufficient resources. Therefore it is vital to mobilize financial resources, and thus, understanding impact investors’ perspective and motivation would be very useful.

Skip to 1 minute and 32 secondsThis week we discussed social business model canvas, which is useful to organize your ideas and solutions not just for yourself but for other stakeholders around you. For example, if you want to explain your social business model internally to your colleagues or employees or persuade outside members like big firms, governments, or investors to work together, you should be able to communicate with them in an efficient and effective manner. SBMC would be of great help in that regard. Hope you enjoyed today’s session. Next week we will discuss key factors for becoming successful in social ventures. Have a wonderful day and see you soon!

Review and Final Discussion

So far we have reviewed interesting cases of Social Business Model Canvas.

In Week 1 we discussed social innovation which is a new, useful solution for addressing social problems. In Week 2 we discussed how to measure and manage impact. And we also talked about Theory of Change. In Week 3 we discussed CSR, CSV, and Collective Impact. In Week 4 we discussed impact investing.

This week we discussed social business model canvas, which is useful to organize your ideas and solutions not just for yourself but for other stakeholders around you.

Hope you enjoyed today’s session. Next week we will discuss key factors for becoming successful social ventures. Have a wonderful day and see you soon!

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This video is from the free online course:

Social Innovation in South Korea

Hanyang University