Powering Social Enterprise with Profit and Purpose: The Tandem Hybrid

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Trail-blazing social entrepreneurs are tackling the world’s most pressing problems that government, business, or charity have failed to solve. They are creating businesses with a primary mission of social change. Scott Boyer is one such social entrepreneur. This 28-year veteran of Big Pharma left a six-figure salary to start OWP Pharmaceuticals and the ROW Foundation. This commercial business and non-profit organization exist in a symbiotic relationship we call a "tandem hybrid social enterprise." This model combines a multimillion dollar business with a foundation that’s on track to become the largest funder of projects serving people with epilepsy and associated psychiatric disorders in the world.

The tandem hybrid incorporates the principles learned by Scott and others for building a truly unique social enterprise from the ground up; one that is:

    • Driven by a compelling social mission

    • Financed by commercial success

    • Structured to retain control

    • Scalable and sustainable for the long haul

    Powering Social Enterprises With Profit And Purpose offers a detailed blueprint that has proven commercially and philanthropically successful and that can be replicated in most business sectors.

    Author(s): Scott Boyer, Jeremy Gudauskas, Mike Hamel
    Publisher: Routledge
    Year: 2023

    Language: English
    Pages: 205
    City: New York

    Cover
    Half Title
    Title Page
    Copyright Page
    Dedication
    Table of Contents
    List of illustrations
    Foreword
    Acknowledgements
    About the Authors
    Introduction
    PART I: Commercial and Social Enterprises
    1. For Profit: Commercial Enterprises
    2. For Purpose: Social Enterprises
    3. Combining Profit and Purpose: Hybrid Social Enterprises
    4. The Next Level: Tandem Hybrid Social Enterprises
    PART II: Building Tandem Hybrid Social Enterprises
    5. Driven by a Compelling Social Mission
    6. Financed by Commercial Success
    7. Structured to Retain Control
    8. Scalable and Sustainable for the Long Haul
    PART III: Lessons from History
    9. The Hershey Company and Mars Inc.
    10. Hormel Foods Corporation and Tyson Foods
    11. H. Lundbeck & Co and Novo Nordisk
    12. AstraZeneca and the Upjohn Company
    PART IV: A Call to Action
    13. Move the Needle: How You Can Advance the Social Enterprise Movement
    Index