Social Entrepreneurship: Critical Success Factors Presentation by Bharat Damani Ph.D. student at CTARA, IIT Bombay RuTAGWorkshop 12thJanuary 2012
Critical Success Factors • Objective • Trigger for the enterprise • Vision • Mission • Role of Stakeholders • Identify all stakeholders • What is their expected contribution / input? • What are their respective benefits? • What limitations or obstacles can they create? • What is the social capital brought in?
Critical Success Factors (cont’d) • Participatory Evolution • Consult and take inputs from all stakeholders • Interact at grass-root level • Accommodate influencing stakeholders on committees • Sense of Ownership • Create self realization • Orchestrate all stakeholders • Operational Management • Evolve a project management / logical framework analysis (LFA) approach • Conduct joint reviews with all stakeholders
Critical Success Factors (cont’d) • Addressing Sustainability • Estimate realistic set-up and operating resource requirements • Identify potential risk factors and make appropriate contingency plans • Focus on achieving operating cash flow break even at the earliest • Reinforce vision