The paper "Contribution of Social Enterprise and Social Entrepreneurship to Current Economic Climate" is a good example of business coursework. Social enterprises are organizations or businesses that are set up for the purpose of trading or doing business to improve the lives of the people, community and the environment. They aim at solving the social problems that the people are faced with. They make money from selling goods and services in the market just like all other businesses but they invest back the majority of their profits to the community through creating employment, training programs, environmental conservation initiatives among others.
(Defourny and Nyssens, 2006). They exist to benefit the community rather than shareholders and owners hence when the business profits, the society profits too. For a business or organization to be a social enterprise it must have a clear social mission and vision set out that will clearly benefit the community and society, must re-invest a majority of their profits towards the wellbeing of the community and society, Must be accountable and transparent with all its business transactions and engage in lawful activities and should be driven by a public or community cause in whichever form, it may be a social, environmental, cultural or economic cause. There is no specific business line for social enterprises they can operate under any form of business and in a range of industries as long as they give back the majority of their profits to the community.
Examples of social enterprises include cafe direct which is a united kingdom based hot drinks company, Elvis and Kresse organization which recycles industrial waste materials and transforms them to handbags and luggage which are then sold to the public and 50% of their profits are donated to the firefighter's charity.
Lastly, there is Hill Holt Wood which educates the youth Social entrepreneurship Social entrepreneurship is the way companies and entrepreneurs develop fund and put in place solutions to social, cultural environmental and economic problems that affect people. It is the practice of combining innovation, resources and opportunity to tackle the critical social-environmental challenges that affect the daily lives of the community. Social entrepreneurs focus on identifying and transforming systems and practices that are the root cause of problems to the people through causing poverty, environmental deterioration, and loss of human dignity.
(Peredo, and McLean, 2006) They educate the people on the modern way of life to change them from the past perspectives such as female circumcision, monogamous marriages, marrying off of young girls, and non-education of girls where boys are seen as more important and are educated while girls are not, family planning, violence against women among others. Through these activities, they may from foundations that may be profitable or non-profitable such aid aids awareness foundation, people with disability foundation and breast cancer foundation which educate and create awareness to the people.
(Borzaga and Defourny, 2004) A social entrepreneur is, therefore, someone who pioneers or drives innovation and changes that benefit the people. Together with other institutions, networks and charitable organizations, they create solutions that are efficient sustainable and have an impact on the lives of the people to a measurable level. Example of social entrepreneurs and their solutions include Muhammad Yunnus who established a bank that spearheaded microfinance globally. Carlo Petrini started a movement called slow food movement which has over 100,000 members globally in over 130 countries that contribute to and are committed to preserving cultural traditions that are sacred are beneficial and preserving biodiversity.
Lastly, there is Wendy Kopp's Teach for America which transforms educational opportunities for low-income people and recruits top university students to work in America’ s worst-performing public schools.
Harding, R. (2004). Social enterprise: the new economic engine?. Business Strategy Review, 15(4), 39-43.
Alvord, S. H., Brown, L. D., & Letts, C. W. (2004). Social entrepreneurship and societal transformation an exploratory study. The journal of applied behavioral science, 40(3), 260-282.
Alter, S. K. (2006). Social enterprise models and their mission and money relationships. Social entrepreneurship: New models of sustainable social change, 205-232.
Peredo, A. M., & McLean, M. (2006). Social entrepreneurship: A critical review of the concept. Journal of world business, 41(1), 56-65.
Defourny, J., & Nyssens, M. (2006). Defining social enterprise. Social enterprise: At the crossroads of market, public policies and civil society, 7, 3-27.
Borzaga, C., & Defourny, J. (2004). The emergence of social enterprise (Vol. 4). Psychology Press.
Granovetter, M. (2005). The impact of social structure on economic outcomes. The Journal of economic perspectives, 19(1), 33-50.
Dees, J. G. (1998). The meaning of social entrepreneurship.
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Chell, E., Nicolopoulou, K., & Karataş-Özkan, M. (2010). Social entrepreneurship and enterprise: International and innovation perspectives.