What Is A Social Enterprise - And Why Do We Need Them?

Document Type

Other

Rights

Available under a Creative Commons Attribution Non-Commercial Share Alike 4.0 International Licence

Disciplines

5.2 ECONOMICS AND BUSINESS

Abstract

A social enterprise is like any other business; they have a product or service to sell and need to be financially sustainable to survive. But unlike traditional commercial ventures, social enterprises prioritise creating a social, societal or environmental impact. Profits in a social enterprise are largely reinvested to further its social impact. A social enterprise has the social goals of a charity, but combines these with the business model of a commercial venture.

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