{"id":86,"date":"2014-11-10T18:30:29","date_gmt":"2014-11-11T01:30:29","guid":{"rendered":"https:\/\/blogs.ubc.ca\/passer\/?p=86"},"modified":"2014-11-11T20:37:36","modified_gmt":"2014-11-12T03:37:36","slug":"86","status":"publish","type":"post","link":"https:\/\/blogs.ubc.ca\/passer\/?p=86","title":{"rendered":"Challenges in running a social enterprise"},"content":{"rendered":"<div class=\"page\" title=\"Page 4\">\n<div class=\"layoutArea\">\n<div class=\"column\">\n<div class=\"page\" title=\"Page 5\">\n<div class=\"layoutArea\">\n<div class=\"column\">\n<blockquote><p><em>\u201cSocial enterprise is a means by which people come together and use market\u2013based ventures to achieve agreed social ends. It is characterized by creativity, entrepreneurship, and a focus on community rather than individual profit. It is a creative endeavour that results in social, financial, service, educational, employment, or other community benefits.\u201d (Talbot, Tregilgas, Harrison, 2002, p.2)\u00a0<\/em><\/p><\/blockquote>\n<\/div>\n<\/div>\n<div class=\"section\">\n<div class=\"layoutArea\">\n<div class=\"column\">\n<p><span style=\"color: #252525;\">Although social enterprises can be structured as a for-profit or non-profit, its main purpose is to maximize improvements in human and environmental well-being.\u00a0<\/span><\/p>\n<p>In consideration of its complex feature, it is not easy to run a social enterprises.<\/p>\n<p>From my point of view, the key to success for a social enterprise is to figure out what the primary purpose is. If the primary purpose is to make profits, it is crucial to firstly identify a genuine market need where the social enterprise will have an advantage over other for-profit competitors. If the primary purpose is to fulfil a social need, it is of importance to chose the most suitable commercial approach to meet that need.<\/p>\n<p>One of the toughest challenges in running a social enterprise is to successfully meet the double bottom line: having to fulfil social needs and be a sustainable commercial business. However, there is a tendency for those existing social enterprises to meet financial goals which overwhelm the social purpose.<\/p>\n<p>To summarize, determining which type of social enterprise it will be is of vital importance. Only the clear primary purpose itself is far from enough. Social enterprises\u00a0should also undertake a comprehensive planning process, including market research and growth planning, leading to the development of a business plan.<\/p>\n<p>&nbsp;<\/p>\n<p><em><strong>References:<\/strong><\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>What is Social Entrepreneurship? \u00a0 &lt; http:\/\/skollworldforum.org\/about\/what-is-social-entrepreneurship\/&gt;<\/p>\n<p>Queensland social enterprise showcase &#8211; Social Ventures Australia. (2011, August 15). &lt;http:\/\/socialventures.com.au\/news\/queensland-social-enterprise-showcase\/&gt;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cSocial enterprise is a means by which people come together and use market\u2013based ventures to achieve agreed social ends. It is characterized by creativity, entrepreneurship, and a focus on community rather than individual profit. It is a creative endeavour that results in social, financial, service, educational, employment, or other community benefits.\u201d (Talbot, Tregilgas, Harrison, 2002, [&hellip;]<\/p>\n","protected":false},"author":26453,"featured_media":90,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-86","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","post-thumb"],"_links":{"self":[{"href":"https:\/\/blogs.ubc.ca\/passer\/index.php?rest_route=\/wp\/v2\/posts\/86","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.ubc.ca\/passer\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.ubc.ca\/passer\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.ubc.ca\/passer\/index.php?rest_route=\/wp\/v2\/users\/26453"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.ubc.ca\/passer\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=86"}],"version-history":[{"count":6,"href":"https:\/\/blogs.ubc.ca\/passer\/index.php?rest_route=\/wp\/v2\/posts\/86\/revisions"}],"predecessor-version":[{"id":88,"href":"https:\/\/blogs.ubc.ca\/passer\/index.php?rest_route=\/wp\/v2\/posts\/86\/revisions\/88"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blogs.ubc.ca\/passer\/index.php?rest_route=\/wp\/v2\/media\/90"}],"wp:attachment":[{"href":"https:\/\/blogs.ubc.ca\/passer\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=86"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.ubc.ca\/passer\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=86"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.ubc.ca\/passer\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=86"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}