In this lesson, discover the diverse landscape of revenue models that fuel social entrepreneurship. We’ll explore how social enterprises generate income, from serving large volumes of low-income customers to implementing differential pricing, leveraging various forms of cross-subsidization, and even considering cost reduction as a primary strategy. Understand the spectrum of financial viability approaches, including hybrid models and grant-based systems, and see how traditional businesses can also integrate social impact.
🎯 Learning Objectives
• Identify and differentiate between high volume, low-cost and differential pricing revenue models.
• Explain various forms of cross-subsidization, including the “Buy One, Give One” model, and their implications.
• Understand how hybrid/mixed models and grant-based approaches contribute to financial viability in social entrepreneurship.
• Recognize cost reduction as a key strategy for financial sustainability within social ventures.
• Explore the concept of responsible business within the social entrepreneurship spectrum.
📚 About the Course
Have you ever wondered what it would be like to create real change? You don’t have to start your own organization to make a difference in the world. Everyone can learn the social entrepreneurship mindset and skillset to build social impact. In this course, you will immerse yourself in a social or environmental challenge you want to tackle. You’ll start by researching your topic of choice, talking to people, and ideating a potential solution that you can contribute. Then, you’ll build a business model around that solution, understanding concepts like measuring social change, ensuring financial viability, funding and pitching.
This course is a safe space to experiment and explore. You’ll be guided by a ten stage framework to help structure your journey. Along the way, you’ll hear from social entrepreneurs around the world through case studies and campus conversations. These include Yale alumni, members of the New Haven community, and global changemakers. Everyone is welcome to join this course! You can apply your lived, learned, or professional experience to discover how you’re going to make a difference.
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