Social Entrepreneurship for the 21st Century ─ Innovation Across the Nonprofit, Public, and Private Sectors

A former McKinsey consultant gives policymakers, investors, and non-profits valuable new insight into the impact of social entrepreneurship in society and business to help them direct future efforts for maximum success


Reveals the radical effects social entrepreneurship has had in the way we think about'and work toward'social change in the nonprofit, public, and private sectors
Georgia Levenson Keohane is a Fellow at the Roosevelt Institute, where she works on economic policy, and a research scholar at Columbia Business School
The author writes regularly for Harvard Business Review, The Nation, Slate, and The American Prospect and other publications and advises a range of poverty-fighting organizations, including the Robin Hood Foundation, New York City Charter School Center, Civic Builders, and The Aspen Institute


Table of contents

Acknowledgments vii

I SOCIAL ENTREPRENEURSHIP IN THE NONPROFIT SECTOR 7
1 What Is Social Entrepreneurship' 9
2 Early Social Entrepreneurship: The Service Organizations 17
3 Early Social Entrepreneurship: The Funders 29
4 New Philanthropy and the Value of Evaluation 37
5 Technology as a Force for Good 47
6 The Pull of Prizes 55
7 Activist Assets 61
8 From Entrepreneurship to Enterprise 71

II SOCIAL IMPACT IN THE PRIVATE SECTOR 83
9 The Investor Perspective: Impact Investing 85
10 International Impact Investing 91
11 Case Study: The Microcredit Story 101
12 Impact Investing in the United States 107
13 The Enterprise Perspective: Shared Value Capitalism 121

III SOCIAL INNOVATION IN THE PUBLIC SECTOR 129
14 The Case of New York City: Social Innovation the Bloomberg Way 133
15 The Obama Administration in Theory: Social Innovation Goes to Washington 151
16 The Obama Administration in Practice: Unleashing the Innovation Mojo 159
17 Shaping Markets: Social Impact 173

IV ROOM FOR DEBATE 183
18 Social Entrepreneurship Revisited 185
19 New Views on Philanthropy and Government 199
20 Commercialization and Its Discontents 211
21 Social Entrepreneurship for the Twenty-First Century 219

Notes 235
Index 255

Georgia Levenson Keohane is a Roosevelt Institute Fellow, an adjunct professor at the Columbia Business School, and a former McKinsey consultant. She writes regularly for Harvard Business Review, The Nation, Slate, and The American Prospect, while advising a range of poverty-fighting organizations. She holds a BA from Yale, an MBA from Harvard, and an MSc from the London School of Economics, where she was a Fulbright Scholar.

Acknowledgments vii

I SOCIAL ENTREPRENEURSHIP IN THE NONPROFIT SECTOR 7
1 What Is Social Entrepreneurship' 9
2 Early Social Entrepreneurship: The Service Organizations 17
3 Early Social Entrepreneurship: The Funders 29
4 New Philanthropy and the Value of Evaluation 37
5 Technology as a Force for Good 47
6 The Pull of Prizes 55
7 Activist Assets 61
8 From Entrepreneurship to Enterprise 71

II SOCIAL IMPACT IN THE PRIVATE SECTOR 83
9 The Investor Perspective: Impact Investing 85
10 International Impact Investing 91
11 Case Study: The Microcredit Story 101
12 Impact Investing in the United States 107
13 The Enterprise Perspective: Shared Value Capitalism 121

III SOCIAL INNOVATION IN THE PUBLIC SECTOR 129
14 The Case of New York City: Social Innovation the Bloomberg Way 133
15 The Obama Administration in Theory: Social Innovation Goes to Washington 151
16 The Obama Administration in Practice: Unleashing the Innovation Mojo 159
17 Shaping Markets: Social Impact 173

IV ROOM FOR DEBATE 183
18 Social Entrepreneurship Revisited 185
19 New Views on Philanthropy and Government 199
20 Commercialization and Its Discontents 211
21 Social Entrepreneurship for the Twenty-First Century 219

Notes 235
Index 255