...Last Friday, I attended the Social Enterprise Symposium hosted by the REDACTED. At the symposium, I attended “Reinventing the Economy: Value Creation & Capital Markets” as well as another event titled “Three Business Models for Social Impact.” While the first event focused on generating capital to fund social enterprises, the latter centered on new business models that attempt to drive social change. At the first event, “Value Creation and Capital Markets,” speakers discussed how socially responsible companies can still use traditional methods of financing. In particular, they tried to push five major points. These points were external options of financing, internal options of financing, crowd funding, appropriate sources for capital, and new financial mechanisms. Of the five, external financing is by far the most traditional method of financing. It includes equity, banks/credit unions, friends/family, and social investors. Social investors can be particularly helpful because they are typically the most interested in your cause. Additionally, philanthropic grants can be used, but often not a reliable means of funding. Government funding is more reliable, but requires more extensive obligations. Internal options can be another source of funding. For example, a company can collect accounts receivable as quickly as possible by offering discounts for timely payment or interest for late payment. On the other hand, they can also delay making payments on accounts payable...
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...Asian Governments and Politics Term Paper April 30, 2015 Social Enterprises in China’s Modern Society Introduction The concept of social enterprises has been in existence and well adapted around the world for several decades. However, it was not until 2004 that social enterprise theory finally made its debut introduction in China’s society (FYSE 4). Over the following years, social entrepreneurship has gradually made its presence more apparent via direct contribution to the social-economic issues that the rapid-growing country has been facing. China’s phenomenal economic growth in such a short period of time has raised great concerns over sustainability and economic disparities. While the growth of social enterprises has helped addressing these concerns substantially as reported by many conducted studies, social enterprises remain as struggling entities in China due to complicated legal frameworks. The paper will deliberately discuss this social enterprise phenomenon on past successes, current challenges, and future potentials in its supporting role to an economically sustainable growth of China. Understanding the Social Enterprise Initiative Social enterprise is still considered a relatively new concept in the modern society despite being around for around three decades. The theory of social enterprise is most well recognized and embraced by the United Kingdom and other Western nations. A social enterprise is understood to be the meeting ground for philanthropic and...
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...Social Enterprises as Hybrid Organizations: A Review and Research Agenda* Bob Doherty, Helen Haugh1 and Fergus Lyon2 The York Management School, University of York, Freboys Lane, York YO10 5GD, UK, 1Judge Business School, University of Cambridge, Trumpington Street, Cambridge CB2 1AG, UK, and 2Middlesex University, The Burroughs, London NW4 4BT, UK Corresponding author email: bob.doherty@york.ac.uk The impacts of the global economic crisis of 2008, the intractable problems of persistent poverty and environmental change have focused attention on organizations that combine enterprise with an embedded social purpose. Scholarly interest in social enterprise (SE) has progressed beyond the early focus on definitions and context to investigate their management and performance. From a review of the SE literature, the authors identify hybridity, the pursuit of the dual mission of financial sustainability and social purpose, as the defining characteristic of SEs.They assess the impact of hybridity on the management of the SE mission, financial resource acquisition and human resource mobilization, and present a framework for understanding the tensions and trade-offs resulting from hybridity. By examining the influence of dual mission and conflicting institutional logics on SE management the authors suggest future research directions for theory development for SE and hybrid organizations more generally. Introduction The phenomenon of social enterprise (SE) has attracted...
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...REPORT: Social Enterprise- An Introduction by Ken Stratford This book by Ken Stratford, the author of the book Social Enterprise- An Introduction, is a book that open the eyes and introduce what Social Entrepreneurship is all about. Social enterprise combines the interests of shareholders and the entrepreneurs with the society’s disease which is poverty. Helping the poor and unprivileged people who need the help of other people in order to survive and have a better or decent way of living. The society’s diseases are brought by the environmental degradation and climate change. Social media was used to market or to communicate with other people who are willing to help those who are in need. By using social media,...
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...thesis is social entrepreneurship, which can be viewed as a particular aspect in the multidisciplinary discourse of social enterprise. Social enterprise is being expressed in UK government policy literature as a progressive means to tackle social exclusion and social entrepreneurship is being articulated as a driving force for success. However there is still no meaningful consensus on a definition of social entrepreneurship and the critical individual and collective attributes of success are heavily contested in academic literature. This is simultaneously problematic in deliberating ways to encourage social enterprise and an opportunity to question critical assumptions about the role of social entrepreneurs in meeting social need. My research seeks to build on journal articles which I have previously published in this field (Lyne 2008, Ryan and Lyne 2008, Toner et al 2008). Background to social enterprise in the UK Social enterprises are commonly expressed as ‘businesses with social goals’ and the term ‘double (or triple) bottom line’ is often used when seeking to define social enterprise as trading activity which uses revenue surpluses to satisfy social and / or environmental objectives (SEC, 2003: 8, DTI, 2002). In the past decade it has been increasingly expressed that public sector welfare provision in the United Kingdom has become outdated and unsustainable while charitable models of meeting social need have also been cited as inappropriate and ineffective. Social enterprise...
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...Growing social enterprises Growth is an integral part of every organisation and in order to continue their success, organisations need to add more people to handle the increasing business and to respond to the increasing and complex requirements of the public (Daft R.L., 2009). Likewise, a social enterprise wants to grow not only to meet external demands but also to generate the higher social impact within the community. Expansion of social activities will generate higher surplus which in turn will provide consistent cash flow to support further missions of the organisation. (Mavra L.Dr. 2011) Social enterprise London (2007) has identified 7 stages in the development of social enterprise being motivation, preparation, assessment, testing, exploration, business planning and start up. Innovation also plays an important part which helps the organisation in scaling up, but it has to be kept in mind to show importance of considering scaling according to social impact rather than measures of organisational growth. (Degraff J., Quinn S., 2006) Further literature reveals that there are certain internal (diversification, maximising social impact of existing provision, starting new projects) and external ways (spin out organisations, social franchise, kite marks) through which social enterprises can grow. Social enterprises need to develop strategies to maximise social impact within and outside the organisation. (Lyon F., Fernandez H. 2012) Franchising is the most popular and successful...
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...for Cornell –PKU Conference, June 9-11, 2008, Ithaca Legal Myth on Emergence of Social Enterprises in China By JIN Jinping∗∗ Abstract Is social enterprise a new form of organization, differ from for-profit ones and not-for-profit ones? The article tries to answer this question. The social enterprises seem blur the boundary between for-profit and not-for-profit in the objects, while they don’t break though the distinction between for-profit organization and not-for-profit organization, and the rules applied respectively. However the social enterprises can enjoy some special treatment, not base on the form of organization, but on the social benefit of their mission. We should deal with social enterprises and pure business enterprises differently, and shouldn’t ask the later to offer what they needn’t. Key words: Social Enterprises; Corporate Social Responsibility; Community Interest Company; the Triple Bottom Line PartⅠ. Introduction While “corporate social responsibility” is broadly concerned by the public, a new term “Social Enterprise” has been introduced and is gaining its popularity. There are quite a few incubators for social enterprises in practice, and some foundations have put ∗∗ Jin Jinping, Lecture in Peking University Law School. Email: jinjinping@yahoo.com.cn. 1 social enterprises at their priority list of their grantee.1 The term “Social Enterprise” is first used in a report of Organization for European Economic Co-operation,(OEEC)...
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...EN COU CIL OF THE EUROPEA U IO Conclusions on promoting youth entrepreneurship to foster social inclusion of young people EDUCATIO , YOUTH, CULTURE and SPORT Council meeting Brussels, 20 May 2014 The Council adopted the following conclusions: "The Council: ACK OWLEDGI G THAT 1. The economic crisis that started in the second half of the last decade has created a particularly fragile situation for today's young generation. Youth unemployment rates remain historically high, at 23.2% in the EU-28 and 23,8% in the Euro area (December 2013). 2. As a result of such high youth unemployment, young people are experiencing increased levels of poverty and social exclusion and increasing numbers feel compelled to leave their home countries, and sometimes Europe entirely, to look for better opportunities. This is generating a brain drain effect in some Member States which could be difficult to reverse. 3. The European Union, via the Europe 2020 and its flagship initiatives on “New skills and jobs”, “Digital Agenda for Europe”, “Innovation Union”, “Youth on the move” promotes entrepreneurship, by fostering entrepreneurial mindsets and related knowledge, skills and competences that can boost competitiveness and growth that will be smart, sustainable and inclusive. PRESS Rue de la Loi 175 B – 1048 BRUSSELS Tel.: +32 (0)2 281 6319 Fax: +32 (0)2 281 8026 press.office@consilium.europa.eu http://www.consilium.europa.eu/Newsroom 1 E 4. Entrepreneurship is an important driver of economic...
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...MBAC 6101 Summer 2016 MBAD CED 6101 Business and Community Development II Capitalist development creates winners and losers, both socially and geographically. The fundamental process of capitalism is the transfer of wealth created by particular people in particular places into the hands of other people in other places. Communities that are unable to Jorge Sousa, Ph.D Contact sousa@ualberta.ca capture the wealth that they create tend to decline. Sustainable economies require rooting wealth within communities. Businesses are the organizations in a society that create wealth. They can be used to exploit a region and extract a community’s wealth or they can be used to ground wealth in a community. The course will explore the relationship between business and the community. At the outcome students will have an appreciation for the challenges and issues community-based business surrounding institutions as well as an understanding of how those challenges are currently being met by existing community businesses. Learning Activities The classroom will follow a seminar model. This means that we are all responsible for the success of the classroom discussion. As well as focussing on set readings, the class will use case studies for shaping the seminar discussions. Being prepared for class is essential for productive discussion. While class activity may focus on the readings, the readings will...
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...Social entrepreneurship is a process of combining social cause with business approach and innovations. Social entrepreneurs are individual entrepreneurs who find innovative, efficient and effective methods of serving a social purpose such as reduce unemployment, reduce pollution, toxicity and reducing the inequality between the rich and the poor. Instead of leaving social issues to government or big Corporations, social entrepreneurs find the things that are not working and solve the problem by changing the system. They create ideas and find solutions that are ethical, sustainable or user-friendly, thus convince societies to adopt these steps. Every leading social entrepreneur (Bill Gates/ Richard Bronson) are visionaries that are concerned with profit maximization but also the welfare of the public. Social entrepreneurship shapes the frontiers between the profit- oriented sectors and the non-profit oriented sectors as social enterprises can vary from for-profit community development organizations such as hybrid organizations which have both profit and non-profit elements. This is so because of the different traditions of social entrepreneurship in different parts of the world. Some examples of non-profit social enterprises are the Forest Stewardship Council (FSC), BRAC (NGO) or the Marine Stewardship Council (MSC) and some examples of profit oriented social enterprises are the Grameen bank in Bangladesh and SELCO. A good example of a social entrepreneur is Jordan Kassalow...
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...Norris Missouri Southern State University Abstract The two keys to a sustainable social enterprise are the economic factors and the enabling technology. Economic factors are key to the social enterprise because when a social entrepreneur has the economic factors align with their mission it can be huge contribution to it’s success. Enabling technology provide many benefits to the social enterprise such as lowering cost or by creating innovative ways to complete thing that could not have been completed before. Some successful SABE have used the blended approach, which has use both the economic factors and enabling technology as a key factor to their social enterprise. The Nature of Entrepreneurship The nature of entrepreneurship can seem very attractive to college students and persons who have recently graduated from college. The desire for college students to become entrepreneurs can be link to the attitudes and personal interests of an entrepreneur seeing that they are very similar to the typical college student’s attitude. There is a unique form of entrepreneur that uses their entrepreneurial attitudes and abilities to seek novel ways to solve pressing social problems; this form of entrepreneurship is called social entrepreneurship. Social entrepreneurs take risk to build social enterprises with the mission to help make lives better. Two keys to a sustainable social enterprise are the economic actors and the enabling technology applied. The Schemerhorn and Bachrach...
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...Competitive advantage is an edge that a firm has over its competitors, allowing it to generate greater sales or margins and retains more customers than its competition. The more sustainable the competitive advantage, the more difficult it is for competitors to neutralize the advantage. Competitive advantage has two main types that’s to say comparative or cost advantage and differential advantage. Comparative advantage is a firm’s absility to produce a good or service at a lower cost than its competition, which gives the firm the ability to sell its goods or services at a lower price than its competition to generate a larger margin on sales. Differential advantage when a firm’s products or services differ from its competitors and seen as better than its competitors products by customers. Most entrepreneurs and business owners know that one key to surviving in business is to have a sustainable competitive advantage and below are some of the different sources of competitive advantage: Strong research and development capabilities. A business can gain competitive advantage in its industry if it has strong research and development capabilities. It reflects the company’s product development process. Companies with strong research capabilities often lead the market with innovation. For instance, in the technology industry Apple and Sony are the two companies that have held their leadership position using innovation as a competitive advantage. Access to intellectual properties. The holding...
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...Social entrepreneurship through forest bio residue briquetting Contents 1. The social problem and the opportunity 4 2. Mission, vision and values 7 3. Our solution (strategy and business model) 9 4. The entrepreneurial team 15 5. Human resources 16 6. Context 18 7. Scaling strategy 20 8. Impact measurement 22 9. Risks 25 10. Financial Plan 28 Bibliography 29 Figure 1. Exposure of the population to natural disasters 4 Figure 2. Lean canvas 8 Figure 3. Manually operated briquetting machine 11 Figure 4. Crushing option 12 0. Business plan summary This section should briefly present the main ideas of the following sections and thus should resemble an elevator speech. Accordingly, it has to be written last, after all the details of the business have been established. Length of section: 0.5-1 page 1. The social problem and the opportunity Most of the time Romania ranks last in sectors like education, health and sustainable development among European countries. But when it comes to antagonistic areas, the situation changes abruptly: Romania occupying the fourth place among the European countries threatened by natural disasters like drought, floods and landslide. In 2012 Institute for Environment and Human Security of the UN launched the World Risk Report which focused on environmental degradation and disasters. According to the study, Romania features an average risk. The report underlined the following aspect: “The risk...
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...basic responsibility towards society with the help of gandian studies or believe we can say. I think that human values plays a significant role in ethics. The informative words shared by prof. G.Subramanyam sir on how the ethics and social responsibility simultaneously determine the organization image as well as affects the industry .which was really a learning experience especially what things are happen around us we must be aware of that like how “SATYAM” has almost destroyed its image because of unethical practices done by them which even badly affected the software industry. Challenges in managing non-profit and social enterprises: Chair: primal sir and The panel was shared by ravi sir and rani man. Really it’s a challenging job to run a non-profit or a social enterprise. What I felt out of discussion is that running a social enterprise is even difficulty job compared to NGOs, because one of the major reason is people prospect toward these organizations and political interference. The discussion was very healthy and practical because it has covered all related issues. Learning’s: The present youth should lead from front to bring a change in society. Negative forces will be affecting, but positively we have to lead. Glorifying social responsibility: who are...
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