Over the past few weeks, we have looked at how to construct
a viable idea in terms of social innovation. An idea in social innovation
should respond to a pressing need, should solve a problem in a better way than
previously done, and should have a framework for sustainability. While ideas
are the start of any good initiative, it is important to recognize the
complexity and challenges of going on to the next phase: creating and designing
an actual venture.
The material in this class had a special place in PPIA’s
latest alumni panel featuring three professionals working in international
development. Alumnae Ermine Teves, Lingling Zhu, and Jenna Knapp, spoke about
their experiences at their respective organizations, Tech Bridge World, Idea
Foundry, and Thread International. Their
experiences showed how businesses could be designed and modeled in a way that “do
good” for society. Tech Bridge World looks towards solving unique problems
facing individuals with disabilities in the developing world through robotics
and technology. The Idea Foundry
provides investment, training, and guidance to new businesses. Finally, Thread International
provides job opportunities for people in Haiti and Honduras by collecting trash
in order to produce textiles.
All these businesses and organizations provide unique
examples to put Paul Bloom’s guidelines in “How to Take a Social Venture to
Sale” into perspective. Bloom’s points were present in Teve’s, Zhu’s, and Knapp’s
stories and experiences.
Bloom’s points about staffing for example, resonate with
Thread International’s journey: “It is hard to take a venture to the next level
without knowing how to recruit, train, and retain talented people.” Knapp, as
one of the founding members of the company, emphasized that when starting a
business, you need “staff and money”, two scarce resources at the infant stages
of a business. The Idea Foundry connected Thread with experts, which allowed
Thread to make use of this service even though they did not have staff with
specific experience.
The Idea Foundry, Thread, and Tech Bridge World all embody
Bloom’s point about replication. As a research organization, Tech Bridge World
continues to look at ways to use technology to serve the needs of individuals
with disabilities. They research with the hopes of replicating these solutions
around the world. Providing the necessary resources for businesses to grow, the
Idea Foundry must be able to adapt its services with each case and must be able
to replicate its results.
Bloom’s guidelines about stimulating market forces also
resonated with the speakers’ insight about how to create sustainable change.
Knapp and Zhu talked about how social awareness is now shaping the way
individuals consume products. Form eating locally to buying fair trade, these
consumer movements shape the demands of certain products. Thinking back to one
of the core questions of this course—how do we create sustainable change?—Bloom’s
article and the alumnae’s experiences imply that influencing the market, rather
than work against it, could create positive, long-term results.
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