A social enterprise is quite different from the profitable corporation that has a main goal of profit generation and growth through commercialism and product/service focus. A business that has a key driver which includes building a positive cash flow and is concerned with return…
The main mission and objectives of a social enterprise are to carry out some form of social benefit to the local or international community by developing socially-minded programs, workplace ethics, and then expanding these principles into broader society. Common examples of social enterprises are those organizations that have a specific focus such as conserving wildlife or improving the skills and talents of workers so that they can become better contributors in society. A social enterprise takes all of its profit (if earned through commercial practices) and then builds momentum with these resources in redefining or assisting social policy. Any organization that is non-profit and has a specific agenda (though they can have profit opportunities), with a focus on contributing to society through corporate social responsibility, would be labeled a social enterprise.
An example of the social enterprise can be viewed in The Ashoka Organization, a non-profit organization that specializes in social program development and social enterprise entrepreneur support. Ashoka is a global association of many different social enterprise leaders that provides temporary salaries to start-up social enterprises, offers professional support in their social-minded efforts, and also provides networking opportunities for social enterprise leaders for the purpose of education and support (ashoka.org, 1). One of the main missions of this organization is to assist in building infrastructures and financial stipends to assist in developing a common social agenda and spreading social innovation at the global level. This social enterprise uses its resources solely for this agenda, taking part in many different social programs such as working toward the de-programming of bullies that assault youths (ashoka.org). The common goal is improving society and building more network support in efforts such as these.
What makes the social enterprise ...
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(Social Enterprises Essay Example | Topics and Well Written Essays - 1000 Words)
“Social Enterprises Essay Example | Topics and Well Written Essays - 1000 Words”, n.d. https://studentshare.net/miscellaneous/413763-social-enterprises.
It, however, holds financial objectives as well to fulfill its social and environmental goals. A social enterprise generally creates an extensive plan for utilizing its profits to fulfill its social objectives. At the time of defining social enterprises, legal status or ownership related issues are generally not taken into account.
For instance, it addresses today’s problems such as HIV and aids, poverty, Hunger, catastrophe and all forms of human sufferings. Examples of the most renowned social enterprises are as follows, Oxfam, Red Cross, and World Vision among the
of increased public awareness about environmental changes, social problems, the concept of social entrepreneurship has become more popular across the globe. Social entrepreneurship is defined as an activity that employs various business concepts and entrepreneurship skills in
In addition, entrepreneurship roots are in the ability of certain people to find new innovative ways in order to improve lives of others. In the present day context their innovation and creativity are aimed to build the multinational corporations with more new
According to the report companies such as Apple Inc have opted to outsource their operations to China due to the existence of cheap labour and raw materials. This has enabled them to maximize their returns through providing their customers with affordable products. The social enterprises have not been able to record the same success China.
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