Social Entrepreneurship Within New Zealand Essay

Social entrepreneurship which has been applied in so many different ways by so many different analysts that it’s depth of vast complexity is still being unraveled and it seems it is still in infancy. It is a multi-interpretable concept and although the use of the term is widespread its use is either overrated or misused. Hence, it is important to firstly understand what social entrepreneurship really is.

Michelle Ellena, MA in Social Entrepreneurship and Change, Graduate School of Education and Psychology, Pepperdine University. Correspondence concerning this article should be addressed to Michelle Ellena at mellena@pepperdine.edu

The Business Dictionary defines social responsibility as, " A company's sense of responsibility toward the

I think Social responsibility has a key role in establishing a company’s business model. When operating a business, a company must contemplate the social responsibility behind their business when making their business model. Where do their responsibilities lie, what fits with their business plan, and how much investment can they really declare to their shareholders, that

Social economy organizations are set to meet social objectives that are drafted into organizations ' charters. These objectives surpass conventional decisions to adopt corporate

Social enterprises can take the ideal of social responsibility intertwining with revenue too far. Businesses that supposedly show profit by hiring the disadvantaged can be based on an unsupportable claim that social enterprises help government (Jones & Donmoyer, 2015). For instance, the founder of Grameen Bank, Muhammad Yunus, claimed that his business is new type of business that focuses on serving impoverished individuals and sustaining itself through earned revenue (Jones & Donmoyer, 2015). He failed to mention or acknowledge the importance of how Grameen Bank was initially capitalized with the support of philanthropy (Jones & Donmoyer, 2015). This sends the wrong message to donors that investing in a for-profit organization is just as good or even better than

I’ve learned from this Book “Social Enterprise (An Introduction)” by Ken Stratford that sharing to your own community will help the community grow and by that means it will create humanity because helping people who are in need is caring because “sharing is caring” It will create a special bond to our brothers and sisters of the community and by that means we are getting more closer to God. And I learned that Social Enterprise is a way of giving back and sharing our blessing to others as I’ve said earlier. ‘Doing well by doing good’ makes us to have a fulfillment in life and at the same time having a purpose in life. Social Enterprise means that helping others to achieved their goals and as I read this book I learned that Social Enterprise has connection of “Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a

One of the most common challenges that my department faces within in the organization is the understating of what a social enterprise is. It is important to familiarize our employees on how a social enterprise supports Benevilla mission of cultivating caring communities. Benevilla is a human service organization that provides assistance to people in the community. Birt’s Bistro is defined as a social enterprise because it provides a gathering place for people in the community and creates revenue that in return goes back into the organization. There are many components that have contributed to our social impact for example our entertainment nights; community club lunch gatherings and meeting space for local businesses and charter schools directors.

Social enterprises run day to day operations just like a for profit business, but instead of dispersing all of the profits between shareholders and owners, the profits are sunk back into the company or the charity that they are supporting. Like any other business, social enterprises sell or offer goods and services at a price, and they are designed to help the community, a certain culture, and the environment. Similar to for profit businesses, social enterprises are faced with constraints and are required to overcome them in order to become successful. Some of these constraints include: Funding difficulties, and hardly any government support. Ways to overcome these constraints are to find stakeholders who understand your vision and what you are trying to do for the community, and get adequate funding. In order to get help from the government for funding purposes, then show the government people an understanding of your social enterprise, and how it is helping the

According to World Business Council for Sustainable Development, “Corporate social responsibility is the continuing commitment by business to contribute to economic development while improving the quality of life of the workforce and their families as well as of the community and society at large”. A social responsible company may be defined as a company which integrates and takes in active parts the social and environmental concerns of one’s community and society. Acting in a socially responsible manner is more then just an ethical duty for a company nowadays, it is something that essentially has long term interest in both the company and the community. The motive is to produce economic value for the company but as well for the society as

Currently, there is a wide divide in the landscape of social enterprise finance. On one side, much of the available supply of impact investment capital is seeking a “sweet spot” where attractive financial returns combine with positive social, economic or environmental impact. Meanwhile, there is an unmet demand from social enterprises that are operationally and structurally ready to absorb financial support (Stanford Social Innovation Review, Spring 2014).

I have always admired to be a businessperson from my childhood. I used to tell people that I would become a business tycoon when I grow up. I lived with that dream and still trying my level best to get close to that desire. However, the type of businessperson I wanted to be, shaped into a social entrepreneur throughout these days. I am a very inquisitive and adventurous person who loves to enjoy travelling and exploring new things. This enthusiasm for freedom and independence motivates me to set up a venture of my own. The social entrepreneurship is the perfect fit that matches my interests and goals. The social entrepreneurship has a huge impact on the social, environmental and economical circumstances of any country.

“Corporate social responsibility is the idea that a business has a duty to serve society in general as well as the financial interest of its stockholders (Pearce, J., Robinson. R).”

Social Responsibility refers to operating a business in a manner that accounts for the social and environmental impact created by the business. It means a commitment to developing policies that integrate responsible practices into daily business operations. Social responsibility is not just about managing, reducing and avoiding risk, it is about creating opportunities, generating improved performance, making money and leaving the risks far behind. High performance workplaces that integrate the views of line employees into decision-making processes

After reading the first two chapters of Building Social Business, I was moved. I was inspired. Yunus opened my eyes to another side of business which in his words was selfless. And indeed it was selfless. Social business is truly selfless because it focuses on helping others and earning profit comes second. By reading this book and reflecting, I realized it is better to be part of the solution than be part of the problem. By looking at my community, at my environment, and at my experiences in life, there are problems that will need solutions and I firmly believe that having a social business is the solution. By my observation, slow public utilities, expensive medicine, and empowering marginalized sectors are problems that can be solved by putting up social businesses. By combining entrepreneurial mindset and experience, social awareness, and creativity, the ideal social business can be done. But what makes a social business truly a social business is the