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Social Enterprise

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  1. Social Enterprise A292 OCR GCSE BUSINESS STUDIES Written by SHilton

  2. What is social enterprise? • Social enterprises are businesses trading for social and environmental purposes. • (Learn that bit) • Many commercial businesses would consider themselves to have social objectives, but social enterprises are distinctive because their social and/or environmental purpose is absolutely central to what they do. • their profits are reinvested to sustain and further their mission for positive change.

  3. How do I know if I am a social enterprise? • Does your company have social and/or environmental aims? • Does your company have its own constitution and governing body? • Are at least 50% of your company profits spent on socially beneficial purposes? • Does your company earn at least 50% of its income from trading? • Can your company demonstrate that social/environmental aims are being achieved? • If your company ceased trading, remaining assets would be distributed for social/environmental purposes?

  4. Where is this? Have you ever been there? Why is it a Social Enterprise?

  5. Eden Project – social enterprise • The Eden Project in Cornwall has been built in a disused clay mine, transforming it into a rich, global garden where people can learn about nature and get inspiration about the world around them. • Eden is an educational charity and social enterprise and much of their energy goes into: • Running social and environmental projects in Cornwall and around the world • creating unforgettable learning experiences for students • putting on fantastic arts, theatre and music events • creating stunning gardens as well as doing valuable research into plants and conservation • making sure we run our operations in the greenest possible way.

  6. What do you think of the Big Issue? Have you ever read it? Did you know it was a social enterprise?

  7. Why is it a social enterprise and not a charity? • The Big Issue is a business solution to a social problem, demonstrating that an organisation can succeed whilst being simultaneously driven by commercial aims and social objectives. • It has helped thousands of individuals to regain control of their lives and has simultaneously altered public perceptions of homeless people.

  8. Big Issue – social enterprise • The Big Issue Foundation is a registered charity which exists to link vendors with the vital support which will help them address the issues which have led to their homelessness. • The organisation currently supports over 2900 homeless and vulnerably housed people across the country. The magazine is read by over 670,000 people every week throughout the UK. • The Big Issue exists to offer homeless and vulnerably housed people the opportunity to earn a legitimate income. • They produce a weekly entertainment and current affairs magazine which vendors buy from them for £1 and sell to the public for £2, keeping £1 for themselves. • They believe in offering ‘a hand up, not a hand out’, but they also recognise that earning an income is the first step on the journey away from homelessness.

  9. Divine Chocolate – a social enterprise

  10. What do you think social enterprise is NOW? Write it on your show me board