The paper 'Social Enterprises in Australia by the Small Enterprise Finance Agency " is a good example of a management case study. Social enterprises have emerged as an imperative aspect of contemporary society. Simply put, they tend to tackle social problems and improving the communities in its operational regions. Most if not all social enterprise source acquire the fund through the sales of products in the markets, which is reinvested into the business and community. Evidently, Australia has emerged as one of the countries typified by a strong history of its social enterprises.
Their operations are centered within different enterprises in order to fulfill their social participation through many different forms. As such, this retrospect paper seeks to analyze social enterprises in Australia by Small Enterprise Finance Agency (SEFA) in determining which organizations will be offered loan products, business advice, and support to help build their capacity to manage debt. SEFA funds will provide flexible, tailored financial products and support to social enterprises to assist them to grow their business in order to achieve a greater social outcome. 2.0 Recommended Organizations The social enterprise recommended is the Bawrunga Aboriginal Medical Service (BAMS).
This is a locally owned enterprise and managed not for profit community cooperative. BAMS was established in the year 1999 in Bowaville to address the constant need for accessible, quality health, and medical services through its provision of appropriate health service for the local population (Social Traders, 2009). BAMS’ main goal is to fulfill the need for medical services to the local communities and they normally achieve this goal by operation of commercial medical clinics that are related to the needs of the local community. Analysis: until today, BAMS operates at least four to five clinics in the Nambuca Valley and the NSW Western area.
It delivers a variety of community outreach programs by utilizing the funds generated from the clinic business. Currently, BAMS is the only self-sponsored clinic in Australia that caters for both the non-indigenous and indigenous members of the community. The reason behind BAMS is attributed to the sufferance witnessed at Nambuca Valley as a result of affordable and quality health and medical services for the local communities. The main focus of BAM to date is to support preventive education and chronic disease management.
Using primary health care and friendly resources as their main weapons to address and resolve violence, drugs, alcohol and many other social issues within the indigenous community. In addition to the clinics, they also support a wide range of community social programs and company development. Unlike the Aboriginal Medical services, BAMS does not receive support from the AH and MRC and neither has it ever received any government support. However, it has received some funding from the preventive and social programs that it supports but not for the clinic's operational services.
The introduction of contractual fee agreement by the GPs has increased its revenue substantially although initially, BAMS had suffered severe losses when it did not receive the bulk billing revenue that is normally generated by GP(Social Traders, 2009). BAMS company strategy consists of the following objectives; To address the lack of primary health education and services in areas that are both accessible and affordable to the local community. To have a financially stable Aboriginal medical center, this includes them moving away from the so-called welfare mentality of the traditional Aboriginal health services and Linking the indigenous to the nonindigenous people in the community to overcome racism and promote the spirit of working together.
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