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It doesn't take an MBA - or does it?
Hosted by Charles (Hipbone) Cameron (May 2010)

What exactly is a social enterprise?
Is it a business? Is it a business, plus? Or is it something else entirely, something new, perhaps even something not yet defined?
The question we're looking at this week echoes one that came up at a recent career development session at the Haas School of Business at the
The coach for that session made an interesting observation: that students in the liberal arts believe their careers should leverage their appetite for passion and contribution (to the world we live in, and the world our children will inherit) while MBA students believe in the importance of resources (read: dollars) and competences (read: expertise).
Two groups, two streams of students who will shortly be entering the workforce -and four significant considerations that motivate their career choices:
Resources. Expertise. Passions. Contribution.
Let me take a wild swing at this -don't hold me to it too closely, it's a first draft, a rough outline, a broad strokes approach - and suggest that "resources plus expertise" represents the business or entrepreneurial outlook, while "passions plus contribution" puts the social component into play.
So can social entrepreneurs succeed with passions plus contribution alone?
Or do they need resources plus expertise too?
How about resources plus expertise by themselves?
Will that combination alone ever change society?
Victor tweeted from that Berkeley-Haas session:
@dallant Liberal arts grads care about passion & contribution. MBA's
believe in expertise & $. Ideal: include all four in prof life #HaasReunion
Can a social enterprise be just a business?
Does it need to be more than that? How much more?
Is it, perhaps, something entirely new and different?
Are social enterprises more a matter of passion and contribution in the beginning, when they're small -- and does the resources plus expertise factor come into play most at the point when they scale up?
Is it time for the liberal arts folk to invade the MBA programs?
How do we merge the two mindsets to arrive at the strengths of both?
Please join Charles (Hipbone) Cameron as we discuss how to configure the best of both worlds.


It takes all four
I think that it's important to understand that building a business is the constant application of effort, resources, learning, vision, purpose and pasion over a period of time. In the Jim Collins "Good to Great" books, and in many other business books, this process of getting better over time is reinforced over and over.
Thus, it's possible that a liberal arts student may start out at a disadvantage compared to an MBA student, in terms of planning growth, or leveraging business process thinking for building an enterprise.
However, an MBA student may never tackle some of the most difficult challenges, because they don't have the passion, or may not be willing to "jump in" until all the resources are in place.
I'd like to find someone doing a survey of social innovators after they have been involved for at least 10 years in one effort, to learn which of the four attributes they feel have been most helpful to them. In my own case, I have a liberal arts background, and one of the weaknesses of my organization may be the lack of someone with the business/MBA skills to help us find the resources to grow.
I hope lots of MBA students and alumni, as well as liberal arts students, from the Midwest are following this, because I want to invite them to come to the Tutor/Mentor Leadership and Networking Conference at Loyola University in Chicago on May 27 and 28 where they can meet you and attend a workshop that you will be leading. The conference web site is http://www.tutormentorconference.org
If we had not met in this forum many years ago, and if both of us had not been persistent in participating and building a relationship, we never would have reached the point where you are now an active participant in the work I'm doing.
I think this is a lesson for others. You have to invest time in network building. I'm not sure if they teach this in MBA school, or in liberal arts classes. However, if your goal is to do something that makes this a better world, it's essential to have people who will help you, and to have strategies that enable you to find and connect with such people.