Passion + Service=Triple Impact

Passion + Service=Triple Impact

Susan White Business Case Journal
January 01, 2015
SKU: BUS-609

Region of the world: North America
Topic: Risk and Society, Ethics & Social Justice, Strategy & General Management
Keywords: Social enterprise, start-up, benefit corporation, service industry
Price: $4.00 | €0.00
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Triple Impact was a new social enterprise start-up firm founded by four university students in 2013. The founders believed that it was possible to serve others and make a profit. The founders’ immediate job was refining their business model, networking to find clients, and arranging their first service trip to bring corporate employees to a developing country to benefit TI, the citizens of that country and their corporate client. The firm’s founders are at a critical decision point in their young firm’s life. They have found little success in promoting their idea of service trips to the corporations they have contacted. Their contacts have been interested but are unwilling to commit to a company that has not yet led any successful service trips. The founders need to decide if they should stick with their initial, somewhat grand vision, or is there a way to scale down and use a smaller successful service trip to demonstrate their services?