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Not unicorns, but ZEBRAS!
A collaborative team from Harvard Business School and Echoing Green reviewed more than 3,500 recent
Echoing Green Fellowship applications to better understand hybrid models.
This recent increase in the number of hybrids results in part from social
entrepreneurs' willingness to be less dependent on donations and subsidies,
as well as from an increased interest in creating sustainable financial models
in the wake of the 2007-08 financial crisis.
Today it is clear that the independence of social value and commercial revenue
creation is a myth.
THE HYBRID IDEAL:
In the hybrid ideal, managers do not face a choice between mission and profit, because
these aims are integrated in the same strategy. More important, the integration of social
and commercial value creation enables a virtuous cycle of profit and reinvestment in
the social mission that builds large-scale solutions to social problems."
"
2006
37%
2010–11
~50%
NUMBER OF
APPLICANTS
RELYING ON
HYBRID MODEL
