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How to invest for impact: Picking Winners
Paul C. Godfrey
William and Roceil Low Professor of Business Strategy
Marriott School of Management
Social Enterprise Crowd Funding Conference
September, 2013
Snowbird, Utah
Sooo many options
Horses or Jockeys?
Character, Competence, or Confidence?
Invest for impact!
Who creates impact?
Those who create self-reliance!
Self-reliance is . . .
A collection of Assets, acquired through
A set of defined behaviors, driven by
A set of cognitions
Cognitions = Beliefs, attitudes, and perspectives
3 are key
1. Responsibility
A moral obligation
2. Self-efficacy
A psychological trait
3. A long-term view
An intuitive perspective
Pick organizations that develop self-reliance!
How can I tell?
Responsibility: The 3 As
Autonomy
Agency
Accountability
Self-efficacy: The 3 Ts
Training
Talking
Time
Long Term View: The 3 Rs
Respect
Richness
Realism
Mission: The 3 Vs
Vocation
Vision
Values
Assessment: The 3 Ms
Mission Motivated Measures!
Diligence: the key to due diligence
Good Luck and Happy Hunting!

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Paul Godfrey Presentation at SECFC13

Notas del editor

  1. Recent HBS study: over 1.4 Million Non-profits. That doesn’t even include the thousands of for-profit social enterprises. If we look at the Census data for social entrepreneurship, we’d estimate about 1 Million for profits.
  2. A traditional maxim for choosing companies to back. Early stage, back jockeys, later stage, back horses.
  3. Another maxim for picking winners. Of the three, Character counts most, then competence, then confidence.
  4. Have you heard this one?
  5. Autonomy: A deep respect for the individuals or groups being served, not just people we are trying to help.
  6. Real choices. More than just to participate or not
  7. The only way to truly close the loop
  8. Training is the foundation of self-efficay
  9. Feedback
  10. Number of repetitions allowed to build mastery
  11. Respect for the past
  12. Rich details about current plans and challenges
  13. Realistic expectations and timelines for the future
  14. Passion. A sense of calling
  15. A clear direction
  16. Character and identity