SOCIAL ENTREPRENEURSHIP ON FOGO ISLAND: SEARCHING FOR NEW WAYS IN AN OLD CONTINUITY (A) Case Solution & Answer

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This Case is aboutÂ LEADERSHIP, SUSTAINABILITY

PUBLICATION DATE: June 12, 2013 PRODUCT #: IMD612-PDF-ENG
SOCIAL ENTREPRENEURSHIP ON FOGO ISLAND SEARCHING FOR NEW WAYS IN AN OLD CONTINUITY (A) case solution

The Shorefast Foundation, a generous entity that aims to start a renaissance that is rural and encourage ethnic and economical resilience in the remote communities of Fogo Island and Change Islands, Newfoundland, Canada. The cases also emphasize the value of rural areas as repositories of culture, local knowledge and traditions. Both Shorefast instances exemplify the implementation problems enclosing the building of a multimillion dollar five star Hostel as well as the first creation of the Foundation. They are best used together as a string, but may be utilized alone too. Instance A, supplies and in depth profile of the creator of the Shorefast Foundation, Zita Cobb in addition to advice about the socioeconomic history of Fogo Island. The case exemplifies the way the creator of an organization can shape the aims, vision, and beliefs of an organization.

Learning objectives: The case scenario can be utilized to 1) launch the notion of business models in general and investigate the diversity between ‘traditional’ and the ‘social entrepreneurship’ business models; 2) aids students comprehend the link amongst a founder’s values, beliefs and objectives (managerial preferences) and the strategy formulation and execution; 3) familiarize students to the organizational hurdles involved in the social entrepreneurship and the anxiety to be conferred amid environmental, economic and social goals.