Recapping a Fantastic Year

Now that we have handed out diplomas, said our goodbyes, and are closing out the academic year, we wanted to take a moment to reflect on the year.

We started off with a grand celebration of our 10 year anniversary – complete with cake cutting and TED-style talks from:


Net Impact Presidents, Abigail & Elana

We ran a multitude of student programs, showcasing the incredible passion and intellect of our students.  We welcomed two new CASE Scholars (Jennifer Fluder and Michelle Kirby), had six fantastic CASE Fellows, and 41 Fuqua on Board Fellows working with 21 local nonprofits.

Our incredible Net Impact Club exceeded expectations again – winning Graduate Chapter of the Year from Net Impact National and putting on a variety of programs and events throughout the year, including “Week in Cities” (a career trek in which students met with representatives from organizations in education, social finance, social sector consulting, and more) and the 8th annual Sustainable Business and Social Impact conference, featuring 400 attendees, 50 speakers and 11 panels.


CASE i3 Fellows & Associates

 

The CASE Initiative on Impact Investing (CASE i3) launched a new CASE i3 Fellows program with 37 Fellows and associates, programming throughout the year, and multiple projects – including one with 2013 ESI Award winner, Riders for Health.

CASE i3 also launched a new website, taught a session on impact investing in Global Institute (meaning that every Fuqua first year was exposed to impact investing during their first classes at Fuqua), and launched a new Daytime MBA course on impact investing to complement the existing courses on social entrepreneurship.


We continued our efforts in thought leadership, for example:


The SEAD Symposium kicks off!

Of course, our year’s recap would not be complete without mentioned of the launch of the Social Entrepreneurship Accelerator at Duke (SEAD).  With a $10 million award from USAID, Duke will identify and support social entrepreneurs who are scaling solutions to global health challenges in low- and middle-income countries.

We welcomed our first cohort of 13 social entrepreneurs (read about them here), held the inaugural Symposium on Scaling Innovations in Global Health, and launched a new website.


And much, much more! None of these accomplishments would have been possible without the amazing CASE team, led by Matt Nash.

It’s been a great year and we’re even more excited for the year to come. View our 10 year anniversary video to learn more about what is to come:

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Leading a Unique Life: A Message to our Graduates

CASE students at graduation

Another year, another set of bittersweet goodbyes as our graduates throw their caps and hold their diplomas in hand.

We send them off in to a world full of challenges that are ever changing and growing in complexity. But also a world that is brimming with innovation and possibilities.  A world that can really use smart, energetic, impact-oriented graduates to help lead the way to a better tomorrow.

We are lucky enough to share deeply in two years of our students’ journeys towards becoming “leaders of consequence.” And we look forward to continuing to be a part of that journey, as they find the place where they want to use their skills and talents to have an impact.

As they go off and begin their careers as leaders, we hope that they never stop growing and learning.  Earlier this year Tom Tierney, co-founder of The Bridgespan Group, came to campus and met with our students.  He had many sage words of advice and so we wanted to leave our graduates with his “three lessons on leadership” from a Huffington Post interview (note: the following quote is edited for length, see the full version in Rahim Kanani’s interview with Tom Tierney):

1)    Aim High, Aim Long: Don’t waste effort on little stuff: aspire to achieve significance. Important results can take years, even decades.  Persistence and unbending commitment matter.

2)    Get Better: If you are not a more effective leader this year than you were last year, then you are failing to truly confront the “Am I getting better?” question. The best leaders develop acute self-awareness, seek constant feedback from multiple sources (especially constructive negative feedback), and build assiduously on their natural strengths.  They never get comfortable; they take risks and learn from the inevitable shortfalls. They are confident, but no matter how accomplished they might be, they always believe that they have a lot to learn.

3)    It’s Not About You: Stay focused on the ultimate beneficiary and on the ends you are striving to achieve.  Recognize others (not yourself); give credit (don’t take it); listen incessantly (you will learn more). We can so easily get trapped in a world where perceptions matter more than reality; where we are supposed to climb some invisible ladder; where we are preoccupied with building our resume more than leading our unique life; where we concern ourselves with our span of control rather than our span of influence.  If it is not about you, if you develop trust and mutual respect with those upon whom you depend, then people will respond to your leadership, they will collaborate and contribute and then you will succeed.

To our graduates – follow your passions, never stop learning, and lead your one and only unique life to the fullest. And, of course, keep in touch – we’ll miss you!


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Lock, Stock and Anchor for Maximum Impact

Screen Shot 2013-05-08 at 12.35.49 AM

Cathy Clark and Matt Allen of CASE i3, Bonny Moellenbrock of the SJF Institute, and Chinwe Onyeagoro of O-H Community Partners recently released a report,Accelerating Impact Enterprises: How to Lock, Stock and Anchor Impact Enterprises for Maximum Impact.

This report explores the “demand” side of the impact investment marketplace – the evolution, potential, and needs of domestic for-profit impact enterprises (IEs) who may be the recipients of impact investment capital.  The report addresses three main questions and recommends that IEs LOCK, STOCK and ANCHOR to accelerate their impact:

1. How has the overall market of impact enterprises evolved over time?

Since an initial national survey of impact enterprises was done by Cathy Clark in 2003, we have seen a significant rise in the number of certifications and commitments – such as certified B Corps and legal forms like Benefit Corporations and L3Cs – that IEs have available to them.  What is truly interesting is that the data shows that the IEs that have pursued these product or company certifications show strong correlation with overall business growth and success. The study’s authors therefore recommend that IEs should LOCK in their mission through certification which resolves ambiguity and correlates with greater business success.

2. What impact enterprise segments have the most potential for impact?

The IEs in the study were mapped by “pace of growth” and “impact commitment,” showing a positive correlation, on average, between high growth and high impact.  This of course varies by industries – e.g., agriculture/food and financial services show higher growth and impact, whereas manufacturing and transportation show a weaker correlation between the two.  It also varies by population served with companies focused on underserved populations showing slower growth on average, regardless of the industry segment. The authors recommend that IEs should take STOCK of the enterprise’s impact targets, as they may influence growth trajectory.

3. What do impact entrepreneurs need to succeed?

The study showed that IEs are most successful when part of a community of practice that may include centers of excellence around common issues in each industry or stage of maturity, or peer networking. And, of course, IEs need access to capital – but the right kinds of capital at the right time in their growth trajectory.  The authors point out that IEs will be most successful when they ANCHOR within strong communities of practice.

Want to learn more about the study and its findings?:

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Motorcycles, Africa and Healthcare

This post was written by Nicole Hawkins, a rising second year student at Fuqua and a CASE Fellow.

Andrea and Barry Coleman with the CASE team

What do motorcycles, Africa and healthcare have in common?  The 2013 CASE Enterprising Social Innovation (ESI) Award winners, Riders for Health!

Riders is a non-profit organization that manages and maintains motorcycles and vehicles for health-focused partners in sub-Saharan Africa.  Currently operating in seven countries across Africa, Riders is working with ministries of health, various NGOs, private organizations, and religious groups.  Its impact has been huge:

  • improved access to healthcare for 12 million people across Africa,
  • health workers can see nearly 6 times more people, reaching nearly 4 times further and doubling the time they can spend in communities, and
  • 2.9 million extra people interact with health professionals each year.

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“Be A Social Entrepreneur” with Greg Dees

This post originally appeared on Southern New Hampshire University’s Be a Social Entrepreneur blog. To read the original post, click here.

J. Gregory Dees has been the recipient of the Ashoka and Aspen Institute Lifetime Achievement Award in Social Entrepreneurship and continues to share his knowledge in the classroom and the world.

How did you get started in social entrepreneurship?
I was drawn into social entrepreneurship way back in 1986 when I was teaching at the Yale School of Management. At that time, the school covered business, nonprofit, and government all in one program. I was asked to develop and teach a new course on New Ventures. Naturally, given the scope of the program, I had to include all kinds of new ventures: nonprofits, for-profits, cooperatives, and hybrid structures. The students had to develop business plans, and many of them developed ventures with some kind of social mission in education, health care, the environment or poverty alleviation. This was before the term “social entrepreneurship” was widely embraced, but that is what many of them were doing. I thought it was fascinating. I was gripped by the distinctive challenges of achieving social impact and making the economics work. I was also hooked by the passion of the students.

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Best Practices in Impact Investing Emerge at Oxford

This post was written by Greg Payne, a second year Duke MBA student as well as a CASE and CASE i3 Fellow.

The overcast sky and 45′F weather in Oxford could not dim the excitement and anticipation of the Impact Investor project’s convening. Held on Wednesday, April 10, 2013, directly prior to the 10th annual Skoll World Forum, the three-hour interactive session featured preliminary insights from the third phase of the Impact Investor research project (a partnership between CASE, InSight at Pacific Community Ventures, and ImpactAssets) which, when completed, will include a compilation of case studies featuring best practices from impact investing funds around the world.

As the CASE i3 Fellow leading our work on this project, I welcomed nearly 80 session attendees representing the diverse and growing landscape of impact investors and intermediaries — from large philanthropies to small venture funds, banks, and government agencies focusing on issues ranging from sustainability to workforce development to poverty alleviation.

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Education, Global Health & Community Development at SBSI 2013

This post was written by Maddy Devine, a first year student at Fuqua and one of the track managers for the 2013 SBSI conference.  Read more about the conference in the previous post here.

As one of the track managers of the Net Impact Club’s Sustainable Business & Social Impact conference, I had been tasked with pulling together three panels that encompassed the vast “social impact space.” The task was daunting. I looked to my classmates and fellow Net Impact Cabinet members to source areas of interest for panels and finally arrived upon three, covering education, global health, and community development.


“How is Education Reform Really Happening?” (podcast)

As a former Teach For America Corps Member, I was thrilled to invite speakers with such rich and diverse experiences in education to join us at SBSI. The panel opened with a tough question from our moderator, Executive Director of the Education Pioneers Southern Office and 2009 Fuqua alum John Troy, “What does education reform mean to you?”

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Reaching Beyond the Bottom Line at SBSI 2013

This post was written by Kirsten Hagfors, one of this year’s conference co-directors. Kirsten will soon graduate from Duke with a joint MBA/MEM (Master of Environmental Management) degree.

This past February the Duke MBA Net Impact Club held its signature event: The Duke Conference on Sustainable Business and Social Impact (SBSI). 400 people came together to think outside of traditional business roles and brainstorm what it means to have a mission that is “Beyond the Bottom Line.”

SBSI occurred during Fuqua’s Green Week, a week dedicated to promoting sustainability, so the conference had even more incentive to embrace sustainable and waste-reducing initiatives. Thanks to donations of Counter Culture Coffee and Rainforest Alliance Certified Lipton Teas, the audience was energized to start the day. Most of our attendees downloaded the conference program as a free mobile application through Guidebook, who donated this electronic, paper-saving feature to the event.

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Building the Impact Investing Space in Latin America

This post was written by Karina Pena of the Americas Society / Council of the Americas (AS/COA).  Read the original post on their website.

On March 6, AS/COA held an expert panel on impact investing and social entrepreneurship in Latin America. Discussion focused on the differences between impact investing and philanthropy, the role of risk in these investments, and how to build the impact investing ecosystem.

Impact Investing vs. Philanthropy

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Inaugural Duke Symposium on Scaling Innovations in Global Health

CASE is excited to announce the inaugural 2013 Duke Symposium on Scaling Innovations in Global Health.

The Symposium is open to the public.  Activities will include networking opportunities, panel discussions and an exposition of SEAD global healthcare innovators.

Date: Friday, April 5th 1:00 – 5:00pm
Audience: Open to Duke and the Triangle communities
Location: Fuqua – HCA Conference Room
RSVP and additional information:
http://seadsymposium.eventbrite.com or email Carolyn Kent at carolyn.kent@duke.edu

CASE is participating in this Symposium through our work with the Social Entrepreneurship Accelerator at Duke (SEAD).  SEAD brings together interdisciplinary partners through a coordinated effort across Duke University and leverages institutional relationships and networks to create an integrated global health social entrepreneurship hub for diverse stakeholders across the globe. Funded by the U.S. Agency for International Development (USAID), SEAD is a joint initiative aiming to provide social entrepreneurs in global health with the knowledge, systems, and networks needed to succeed.

This event is affiliated with Duke’s Global Health Week.  For more information about other events that week, please visit:  http://globalhealthweek.wordpress.com.

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