Social Enterprise
We have a practical definition of social enterprise. It has evolved based on our experiences at earning revenue while pursuing our social mission and program objectives. To us, social enterprise is not a funding strategy. It is part of the culture of PLAN and is infused into everything we do. We define social enterprise as any program or product that:
- Enables us to pursue our social mission and program goals
- Earns revenue
- Increases our ability to reach more supporters, members and partners
- Brings tangible value to our partners.This means social enterprise by definition involves collaboration and partnerships.
Social enterprise has many benefits. It enables us to:
- Mobilize the untapped resources of our members to achieve social objectives
- Diversify our funding base
- Acquire flexible funds with no strings attached
- Attract new allies and partners, particularly from outside the social sector
- Develop a sustainable financial plan that can withstand changes in our economic fortunes
To learn more about social enterprise, you can download a presentation by Al Etmanski here.
Websites
Leaders in the citizen sector who want to extend impact, durability and scale of their work should check out Thinking Like a Movement retreat. With four days of intensive learning with other social change leaders, participants will explore the complexities of systemic change while reflecting on personal roles and responsibilities.
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Social Innovation:
Transforming deeply rooted social problems by introducing new ideas, practices, policies, relationships and resources in the direction of greater resilience.
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Social enterprise:
An organization, usually non-profit but sometimes for-profit, that seeks to earn revenue while achieving its social and economic justice objectives.
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Social financing:
The leveraging of multiple sources of financing to achieve long term, accountable, social impact while generating an economic return.
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