21 Facts About Social enterprise


Social enterprise is an organization that applies commercial strategies to maximize improvements in financial, social and environmental well-being.

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Social enterprise has a long history around the world, though under different names and with different characteristics.

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Social enterprise is not taught exclusively in a business school context, as it is increasingly connected to the health sector and to public-service delivery.

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Muhammad Yunus, founder of the Grameen Bank, believes that a social enterprise should be modeled exclusively to achieve a social goal.

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The social enterprise model offers non-profit organisations an alternative to reliance on charitable donations.

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Social enterprise has emerged as a businesslike contrast to the traditional nonprofit organization.

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Social enterprise is going to continue its evolution away from forms that focus on broad frame-breaking and innovation to a narrower focus on market-based solutions and businesslike solutions to measure social impact of programs.

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The methods in which these Social Enterprise's create sustainable revenue streams differ from social business to social business, but all share the goal of abandoning the need for government or donor support.

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When social enterprise first emerged, much of the scholarly literature focused on defining the key characteristics and definitions of social enterprise.

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Similarly, social enterprise practices were common in the establishment of Australia's immigrant populations.

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Social enterprise is a significant contributor to the economy - from local manufacturing and agriculture, to hospitality and professional services - they are not only local enterprises serving local needs, nearly one-third trade internationally.

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The Social Entrepreneur Evidence Space is an open research platform for Australia's social enterprise community.

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Social enterprise practitioners have formed professional networks in each State and Territory of Australia.

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Social enterprise networks create a unique place to connect and grow the community of practitioners and enablers that are meeting at the nexus between business and charity.

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In India, a social enterprise may be a non-profit non-governmental organization, often registered as a Society under Indian Societies Registration Act, 1860, a Trust registered under various Indian State Trust Acts or a Section 25 Company registered under Indian Companies Act, 1956.

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Despite, and sometimes in contradiction to, such academic work, the term social enterprise is being picked up and used in different ways in various European countries.

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Social enterprise is an operator in the social economy whose main objective is to have a social impact rather than make a profit for their owners or shareholders.

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Under Italian law a social enterprise is a private entity that provides social utility goods and services, acting for the common interest and not for profit.

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An emerging view is that social enterprise is a particular type of trading activity that sometimes gives rise to distinct organisation forms reflecting a commitment to social cause working with stakeholders from more than one sector of the economy.

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In Scotland, social enterprise is a devolved function and is part of the remit of the Scottish Government.

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Additionally, the Ministry of Social enterprise Development promoted matching grant funds like Mas por Chile and Incubia Fund in order to support the development of solutions aiming to reduce poverty and strengthen youth.

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