WELLESLEY, Mass., Jan. 29, 2014 /PRNewswire-USNewswire/ -- The Babson Entrepreneur Experience Lab, a partnership between Babson College and the Business Innovation Factory, has released a Masterclass report that defines a new category of entrepreneurial leaders who, in their work and in the organizations they build, draw on powerful new ways to create economic and social value.
The Masterclass report details the distinctive actions of these entrepreneurs that set them apart. "Masterclass Entrepreneurs challenge the separation of profit and purpose; contradict current conversation about models and scale; disrupt our ideas of a market; and call into question exactly who gets to innovate," said Babson College Entrepreneurship Professor Heidi Neck, Director of the Entrepreneur Experience Lab. "They deliver significant outcomes and generate socioeconomic value for the communities, markets and organizations they serve."
According to the report, Masterclass entrepreneurs are hybrid thinkers with three defining characteristics. They work toward scalable, sustainable, systemic solutions to the world's most pressing issues. Secondly, they struggle to secure mentorship and investment because they don't fit into pre-defined entrepreneurial categories. Finally, they need new types of relationships to succeed.
The Entrepreneur Experience Lab report found the Masterclass entrepreneurs operate in three paradigm-shifting modes:
- Generate a repeatable approach and adapt for local context
- Combine direct action and movement building
- Co-generate innovation through community involvement.
Robin Chase, Zipcar, Buzzcar
Masterclass Trait – Creating the New Economy
Shainoor Khoja, Roshan and Aga Khan Development Network
Masterclass Trait – Making Lives for People through Inclusion in the World's Economy
Monique Sternin, Positive Deviance Initiative
Masterclass Trait – Turning the Expert Model on Its Head
Kevin Thompson, IBM
Masterclass Trait – Growing Global Citizens through Experiential Learning
Carne Ross, Independent Diplomat
Masterclass Trait - Bringing the Excluded to the World Negotiating Table
Dries Buytaert, Drupal, Acquia
Masterclass Trait – Democratizing Web Technology
Andrew Hessel, Genetic Futurist, Pink Army Cooperative
Masterclass Trait – Programming the Living World
Henry Donahue, Purpose
Masterclass Trait – Operationalizing Movement Building
About The Babson Entrepreneur Experience Lab
The Babson Entrepreneur Experience Lab in partnership with The Business Innovation Factory (BIF) was created to put the voice and the experience of real world entrepreneurs at the center of an ongoing effort to design, develop and experiment with new ways to support entrepreneurs and accelerate new venture creation.
About the Business Innovation Factory
The Business Innovation Factory (BIF) is a platform for transforming our most intractable systems, like healthcare, education, entrepreneurship, and energy, where players — both private and public — can design and test new solutions in a real-world environment.
About Babson College
Babson College is the educator, convener, and thought leader for Entrepreneurship of All Kinds™. The College is a dynamic living and learning laboratory, where students, faculty, and staff work together to address the real-world problems of business and society -- while at the same time evolving our methods and advancing our programs. We shape the leaders our world needs most: those with strong functional knowledge and the skills and vision to navigate change, accommodate ambiguity, surmount complexity, and motivate teams in a common purpose to create economic and social value. As we have for nearly a half-century, Babson continues to advance Entrepreneurial Thought and Action® as the most positive force on the planet for generating sustainable economic and social value. Visit www.babson.edu
SOURCE Babson College