Social Ent. PPT 2
Social Ent. PPT 2
• Even though it leaves open the possibility that these enterprises may need
grants or external funding to survive,
BUT
• it requires that a significant part of the enterprise’s fund comes from self
generated revenue through the market (by selling a product or a service)
The Business School of Thought
• It does not have a defined origin.
• Most widely accepted definition of social entrepreneurship
• Most of the enterprises all around the world that are classified as social
enterprise are as per this definition.
• In countries and organisations like EU, the United Kingdom, Singapore,
Australia, New Zealand, and many more, the policies made for social
enterprises are in accordance with this interpretation.
The Business School of Thought
• Work Integration Social Enterprises (WISEs)
• For profit businesses but with a workforce that involves
• Marginalized group
• Vulnerable group
• people with certified learning difficulties,
• ex-convicts, refugees,
• unemployed people that need re-skilling to be introduced in work force
Examples of WISE
• London Early Years Foundation (LEYF).
• La Fageda
London Early Year Foundation
• LEYF operates pre-schools and nurseries across London.
• It tries to incorporate the latest pedagogical research
• They aim at having children from different backgrounds
• Better development through diversity
• to provide the better learning opportunities for the poorest section of the society
• It re-invests all the profit back into the business.
• 48% of the total children get enrolled pay no fee to get quality early year
education
London Early Year Foundation
La Fageda
• Spanish co-operative aims at integration of mentally disabled people into the
work-force.
• It mainly makes dairy products.
• They sell the product on the quality (don’t use/inform/include in their
campaigns this factor of their mission)
• They provide occupational therapy, an assisted-living service, and a
community integration service
La Fageda
“…work can act as a key element in the rehabilitation processes of
any person, as it increases their self-esteem and changes their role
within the family and society, from being a passive element to a
person who actively contributes to their environment.”
- Excerpts from the Mission of La Fageda
The Community School of Thought
The community school of thought
• Focus is on the outcome (rather than on the individual or the business)
• An enterprise is categorised as social if it helps in local developments and
benefit local community
• In recent times, this understanding of social enterprise has been instrumental
in sustaining communities of refugees in middle east and Europe (due to
geo-political disturbances.)
• It can include both Non-profit as well as businesses where the main aim of
the organisation is to help the local community or the local development
The community school of thought
• Back on Track Syria (BOTS)
• Founded by Petra Becker in 2016 to help Syrian refugee children in Germany
• Prepares self learning material for children (in their native language) that they
can follow in their own pace
• Doesn’t earn revenue and relies on donations or helps from the community
Other school of thought
Earned Revenue school of thought
• It includes non-profit or non-government organisations that start some
revenue generating business to support their social cause.
• To decrease dependency on the grants and donations
Shared ownership school of thought
• Considers organisations that have distributed ownerships (like cooperatives)
to be social enterprises
• By providing the employees an access to decision making process, it helps
their upliftment.