What does social enterprise mean?
Definitions for social enterprise
so·cial en·ter·prise
This dictionary definitions page includes all the possible meanings, example usage and translations of the word social enterprise.
Wikipedia
Social enterprise
A social enterprise is an organization that applies commercial strategies to make a positive difference for social benefit. The social impact is funded wholly or partly by reinvesting profits made by the organization to create social capital. Profits are not kept by owners or participants Social enterprises can be structured as a business, a partnership for-profit or non-profit, and may take the form (depending on in which country the entity exists and the legal forms available) of a co-operative, mutual organization, a disregarded entity, a social business, a benefit corporation, a community interest company, a company limited by guarantee or a charity organization. They can also take more conventional structures. Social enterprises have both business goals and social goals. As a result, their social goals are embedded in their objective, which differentiates them from other organizations and corporations. A social enterprise's main purpose is to promote, encourage, and make social change. Social enterprises are businesses created to further a social purpose in a financially sustainable way. Social enterprises can provide income generation opportunities that meet the basic needs of people who live in poverty. They are sustainable, and earned income from sales is reinvested in their mission. They do not depend on philanthropy and can sustain themselves over the long term. Their models can be expanded or replicated to other communities to generate more impact. A social enterprise can be more sustainable than a nonprofit organization that may solely rely on grant money, donations or federal programs alone. As a for-profit model, you control the curriculum and funding of the program. The incentives of the company are designed such that greater impact directly correlates to a great profit. Investors and business partners today want to know that the companies they choose are doing more than just providing a product or service. They look for companies that are doing good. They will feel a special connection to companies whose values align with their own.
Wikidata
Social enterprise
A social enterprise is an organization that applies commercial strategies to maximize improvements in human and environmental well-being, rather than maximising profits for external shareholders. Social enterprises can be structured as a for-profit or non-profit, and may take the form of a co-operative, mutual organization, a social business, or a charity organization. Many commercial enterprises would consider themselves to have social objectives, but commitment to these objectives is motivated by the perception that such commitment will ultimately make the enterprise more financially valuable. Social enterprises differ in that, inversely, they do not aim to offer any benefit to their investors, except where they believe that doing so will ultimately further their capacity to realize their social and environmental goals. The term has a mixed and contested heritage due to its philanthropic roots in the US, and cooperative roots in the UK, EU and Asia. In the US, the term is associated with 'doing charity by doing trade', rather than 'doing charity while doing trade'. In other countries, there is a much stronger emphasis on community organising, democratic control of capital and mutual principles, rather than philanthropy. In recent years, there has been a rise in the concept of social purpose businesses which pursue social responsibility directly, or raise funds for charitable projects.
Editors Contribution
social enterprise
A group of united people in a local organization who work together with a perfect, accurate, simple and specific budget, goals, legislation, objectives, plans, processes, procedures, rules, strategies, structures, systems, treaties, vision, equal and identical pay for all, equal holiday entitlement, sense of solidarity and cohesion to contribute to the redistribution of wealth and the UN SDG. All funding to create an organization of this type is provided from a range of relevant funding sources from community, local, regional, national and international forms of unity government funds and various forms of philanthropy. All local enterprises employ a moderate number of employees who receive the equal and identical pay for all, equal holiday entitlement and all profits earned from the enterprise are reinvested where required, just and fair or shared with the national unity government to redistribute using just real-time data, information, facts, research and statistics and an agreed percentage to the united nations SDG projects which are assessed and approved by the relevant community local, regional, national or international SDG assessment panel
Social enterprise profit is used to contribute to the goal, purpose or mission of the business, enterprise or organization and contribute to local, regional, national, european and international sustainable development goals.
Submitted by MaryC on November 17, 2015
Numerology
Chaldean Numerology
The numerical value of social enterprise in Chaldean Numerology is: 4
Pythagorean Numerology
The numerical value of social enterprise in Pythagorean Numerology is: 8
Examples of social enterprise in a Sentence
For a social enterprise to make an impact in the world, it needs a solid foundation based on sustainability.
We have had a chance to truly appreciate the link between the local and the global, at the global level, we are more likely to have traveled abroad, to have friends from other countries, or simply to have grown up with the internet for a core part of our lives. At the local level, we are more likely to have moved away from our communities. The social enterprise and charity sectors, I think, benefit from having people like this who have an understanding of the larger picture.
Translations for social enterprise
From our Multilingual Translation Dictionary
- 社會企業Chinese
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"social enterprise." Definitions.net. STANDS4 LLC, 2024. Web. 28 Mar. 2024. <https://www.definitions.net/definition/social+enterprise>.
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