Episode 1 – Social Entrepreneurship vs. Social Innovation

 

Join Jerrid and Courtney as they examine the fine, often interchangeable, line between social entrepreneurship and social innovation.  As Jerrid explains it, social entrepreneurship encompasses using business practices to create wealth and social value.

In some ways, social innovation can be thought of as the umbrella under which social entrepreneurship falls. This takes into account all of the people who may be socially innovative but not necessarily social entrepreneurs. To this end, the purpose of social innovation is for social progress and value creation. This purpose divulges ever so slightly from social entrepreneurship because social innovation may or may not have a wealth generating component.  Still with us?

Take this example. Jon Territo—true story—is a music professor at Valencia who wants to find ways to infuse social innovation into his courses. One idea is to have his choral groups and ensembles play at fundraisers so students can learn the benefits of giving back to their communities.  Or perhaps his students may perform at a concert where the admission is two can goods. Both options fall under the social innovation umbrella.

While seeds of social innovation may be planted in the course lessons of some faculty, the main focus of the work at Valencia is social entrepreneurship. The academic program helps students create businesses that do well and do good. Courtney is curious how Jerrid teaches such a broad topic to his students. As it turns out, Jerrid has plenty of resources in his toolkit which includes a systematic literature review he co-authored with Rollins College Professor Mary Conway Dao-on.

Jerrid, as does Courtney, likes to teach through examples. He spends the first 2 weeks on terminology then the class begins to narrow down the list and dissect the remaining definitions until a cohesive understanding emerges.

The show wraps up with the hosts sharing their extracurricular activities. Courtney was inspired by a workshop she attended at the Orlando Public Library that focused on seizing your dreams. She was also thrilled that the student club she co-advises, the Valencia East Book Nerds, received Program of the Year for their banned book trivia event.

Jerrid was also having a great week. He is also an advisor to a student club, the Social Entrepreneurship Student Organization (SESO). SESO hosted a successful event where social entrepreneurship extraordinaire, Eric Glustrum, was the guest speaker. An inspiration in the field, Eric Glustrum’s credentials include being an Ashoka Fellow, Echoing Green Fellow, Forbes 30 Social Entrepreneurship Under 30, and founder of Watson U.   

Teaching Change Shout-outs
For more information on topics discussed during the show, see the list below.

“The winding road of social entrepreneurship definitions: a systematic literature review” by Mary Conway Dato-on and Jerrid Kalakay  

http://www.watsonuniversity.org/

 

**Credit: The theme music for Teaching Change is provided by bensound.com.**

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