2009/08/28

What is Social Enterprises

Instead of establishing a NGO, my friend Boom build a social enterprises easily.

What is Social Enterprises? Wikipedia rocks again:

Social enterprises are social mission driven organizations which trade in goods or services for a social purpose. Their aim to accomplish targets that are social and environmental as well as financial is often referred to as having a triple bottom line. Social enterprises are profit-making businesses set up to tackle a social or environmental need. They often use blended value business models that combine a revenue-generating business with a social-value-generating structure or component.

Rather than maximising shareholder value, their main aim is to generate profit to further their social and environmental goals. Therefore some commentators describe them as 'not-for-profit' as their profits are not (at least primarily) distributed to financial investors. Others dislike the term as it suggests they have an unbusinesslike attitude.

about TBL triple bottome line: people, planet, profit
In John Elkington 's 1998 book Cannibals with Forks: the Triple Bottom Line of 21st Century Business, TBL means economic, ecological and social.