solved MEDIA: Reading from: Understanding Social Entrepreneurship: The Relentless Pursuit of

MEDIA:
Reading from: Understanding Social Entrepreneurship: The Relentless Pursuit of Mission in an Ever Changing World Chapter 7 Funding Social Ventures 
The Genius of Frugal Innovation https://ideas.ted.com/the-genius-of-frugal- … 
2019 GSBI Intro by Thane Kreiner, Ph.D. and Karen Runde  
Funding Feedback 
https://ssir.org/articles/entry/funding_feedback 
How End-User Feedback… 
https://ssir.org/articles/entry/how_end_user_feedb… 
SOCIAL ENTREPRENEURS OF THE WEEK: INSTITUTIONAL REFORM 
Suyo 
Legal aid and access to institutions in Latin America 
Marcus Bollock 
https://www.ted.com/speakers/marcus_bullock 
Tools for incarcerated people and re-entering citizens 
Center for Employment Opportunities (CEO) 
https://ssir.org/videos/entry/improving_an_employm… 
Improving Employment Service 
Part 1: WRITE 100 WORDS ON THIS WEEK’S READING AND/OR MEDIA EVENT
Write 100 words to tell our class your thoughts on this week’s reading and/or media events etc.
Discuss and consider how social problems can be addressed the social science method Design Thinking, social entrepreneurial thinking/approaches, and innovations provided by technologies.
Reference at least one reading, media event, or digital educational material for the week.
Part 2: Write at least 50 words per response to each fellow student for 100 words total.
1. I was inspired by Marcus Bullock, one of the Social Entrepreneurs of the Week. After an 8-year prison sentence, Bullock asked himself: “How can I make it easier for all families to stay connected during incarceration?” He used frugal innovation to create FlikShop, an app that lets families send quick postcards to loved ones in prison and help keep open a critical line of support. I thought it was a genius idea! Bullock helped me realize that new products can be heavily influenced by existing ones and tweaked to fit a specific need. He utilized his experiences to create something to meet the needs of the incarcerated (who can receive letters but don’t have access to phones or the internet) and their loved ones (who don’t have the time or bandwidth to send physical letters/photos).
2. I will submit to you later.
Part 3: Analytic Response to Readings, Media, and Social Entrepreneurship Exemplars for the Week.
500 words minimum including quotes you incorporate from the text.
Required: at least three (3) verbatim quotes from the reading with page numbers (no page numbers required for websites) or paraphrases of the speakers/media events with general time stamp for videos or date for “live events.” 
Prompt: Give a brief summary of frugal innovation. Now with that in mind, imagine that you want to start your own social entrepreneurship venture. What social problem would you address? Where? What client would you serve? What kind of organization would you start? What physical infrastructure and human capital would be required for viability? Now, with these in mind, consider what are some of the many ways you could fund this venture? Angel investors? Crowdfunding? Grants? For-profit models that do good? Combinations of these?What did you find inspiring about the Social Entrepreneurs of the Week—what did they teach you about how to get results on a shoestring budget, bootstrap, and use frugal technologies?

Reply:

In this week’s reading, The Genius of Frugal Innovation, I learned about frugal innovation and how it’s about doing more with less to innovate and make things better. I thought that the three principles of frugal innovation that Navi Radjou mentioned were very interesting: “keep it simple”, “do not reinvent the wheel”, and “think and act horizontally” (Radjou). Frugality has to do with being economical with money, food, and other resources. If we can learn to be frugal and balance our usage of resources that are in abundance with resources that are scarce, it would lead to innovating our current practices to be more sustainable, environment friendly, and cost effective.