What is social enterprise?

The scale and nature of the economic, social and environmental problems challenging humanity have hastened new approaches, business models, and a new breed of entrepreneur.

Fogo Island Inn, Newfoundland

Fogo Island Inn, Newfoundland

Social entrepreneurs are individuals with innovative solutions to society’s most pressing problems. They are ambitious and persistent, tackling major social issues and offering new ideas for wide-scale change. Rather than leaving society’s needs to the government of business sectors, social entrepreneurs find what is not working and solve the problem by changing the system, spreading the solution, and persuading entire societies to take new leaps” Ashoka

 

 

 

Bumburi Primary School, Nepal

Bumburi Primary School, Nepal

“Social entrepreneurs are drivers of change. Together with institutions, networks and communities, social entrepreneurs create solutions that are efficient, sustainable, transparent and have measurable impact.  Social entrepreneurs are united by their ability to:

        • Adopt a mission to create and sustain social value (not just commercial value)
        • Recognise and relentlessly pursue new opportunities to serve that mission
        • Engage in a process of continuous innovation, adaptation and learning
        • Act boldly without being limited by resources currently in hand, and
        • Exhibit a heightened sense of accountability to the constituencies served and for the outcomes created. “  (SAID)

 

Monestevole Community, Umbria

Monestevole Community, Umbria

“While the social business aims to generate profits, the main priority is not to maximize financial returns to shareholder but to grow the social venture and reach more people in need. Profits are reinvested in the enterprise to fund expansion. Such businesses seek investors who are interested in combining financial and social returns on their investments” (SchwabFoundation)    

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