W10 Hybrids & Social Business
Hybrids -- have 2 legal entities --o ne for-profit and the other non-profit. Keys to both are social missions and the clear integration of practices or infrastructure from both sectors. They can be extremely successful, but they also have trade-offs, for instance, the profit driving activities and the social activities conflict so one overcomes the other. Pure hybrids --are still few in number. What makes hybrids so successful it that it produces both social value and commercial revenue through a single, unified strategy --r ather than take a nonprofit m odel and add a commercial revenue stream—or take a for-profit model and add a charity or service program. Early on social innovation was through organizations that primarily pursue a social mission but rely significantly on commercial revenue to sustain operations --and hybrids existed in certain sectors, such as job training, health care, and microcredit. In recent years new sectors have taken shape...