Items related to Creating a Space in the Market: Social Enterprise Stories...
Synopsis
Social entrepreneurship involves the promotion and building of enterprises or organizations that create wealth, with the intention of benefitting not just a person or a family, but a defined constituency, sector, or community, usually involving the public at large or the marginalized sectors of society...How is a social enterprise different from a private or traditional business enterprise?The traditional business enterprise has a clear bottom profit. The social enterprise, n contrast, is characterized as an enterprise with a double or triple bottom line. Like its business counterpart, it needs to generate surplus or profit. But such a financial sustainability objective is not the only bottom line. Depending on the nature of its constituency, the social enterprise may have a second bottom to achieve social objectives such as the capacitation or empowerment of a sector or group, or the improvement of their quality of life. A third bottom line, such as environmental sustainability objective or the preservation of cultural integrity, may also be part of these primary objectives. In reality, the achievement of these development objectives, whether social, political, cultural, economic, or ecological, is often at odds with the profit objective. This is why social entrepreneurship may also be called the art of managing a double or triple bottom line in an enterprise setting.-From Chapter 1, "Getting a Handle on Social Entrepreneurship" by Mare Lisa M. Dacanay.Creating a Space in the Social Enterprise Stories in Asia builds on the concepts of social entrepreneurship and social enterprise development. The book documents 13 stories that reveal the many variations and mutations of earlier social enterprise models. The case studies also illustrate three types of social enterprise development empowerment, intermediation, and resource mobilization. Empowerment addresses the ownership and control issues of marginalized sectors. Intermediation provides access to markets, financing, technical assistance, products and services. Resource mobilization focuses on the generation of funds from entrepreneurial activities in order to support core development programs. The cases depict the strivings of social entrepreneurs as they incubate, grow, and nurture social enterprises through their life cycle stages and as they engage the different enterprise life forces affecting their operations.-From the Foreword by Eduardo A. Morató, Jr.
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