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Social responsibility of a firm
Positives and negatives of a social enterprise
Positives and negatives of a social enterprise
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A descriptive study on Social Enterprises should be Profit or Non-Profit
Introduction
In modern society, we often hear some news about social enterprises, TV, magazine, and internet. We cannot neglect the function of social enterprises in our country. Social enterprises play a vital role in perspectives of helping homeless people, offering employable opportunity, increasing national income, promoting economic growth. While, controversy follows. However, positive appraisal is more than the negative one. People still hope to see more social enterprises appearance.
The main objective of this study is to discuss whether social enterprise should be non-profit or not. People have different opinion on this hot topic. The first question places emphasis on whether social enterprises should be profit or non-profit; the second question discusses what kind of people can become social entrepreneurs? The third question illustrates the ideology of social entrepreneurs. The last question pays attention to finding out strength and weakness, and wanting to collect some useful suggestion.
Should social enterprises be non-profit?
In my view, I think social enterprises should not be non-profit. The reasons are as below:
Firstly, social entrepreneurship has become inclusive that it now has an immense tent into which all manner of socially beneficial activities fit.(1). In the contemporary, social entrepreneurs recognize immediate social problems, but also seek to understand the broader context of an issue that crosses disciplines, fields, and theories. Gaining a larger understanding of how an issue relates to society allows social entrepreneurs to develop innovative solutions and mobilize available resources to impact the greater global society (2). ...
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... the product or service will be sold and who will buy it, the benefit of the product, or service, how it differentiated from similar ones, and methods of delivery.(6)In a word, social enterpreneurs can bring more positive signals to society.
The best example can be illustrated with some London Social enterprises. At first, in their business, a group of volunteers for the London homeless tramps distributed socks, so as to make them keep warm. Removed colored glasses to communicate with them, listen to their stories and suffering. In fact, a lot of people were not the dirty, dangerous and horrible people, as described in the conventional view. Their life became so bad(可否改的正式一点?), because their life encountered all sorts of bad and damage. Some people were played out of the house at their 15, no fixed living place and decent clothes, they cannot apply for jobs(没有连接词).
Nonprofit and voluntary type organizations play a major and integral role in American society. Each group exists today because they were established with the desire to help those in need by providing products, good and services. In the article “Toward Nonprofit Reform in Voluntary Spirit: Lessons From the Internet”, the authors stated the that nonprofit and the voluntary sector can include professional, the paid nonprofit, and grassroots organizations (Brainard & Siplon, 2004, p. 435). Even though these organizations may have the same or similar structures, I will compare and contrast the economic and political difference and similarity between the two.
To supply the wants and needs of a consumer, society entrusts wealth-producing resources to the business enterprise.” (Santayana, George. Is The Tyranny Of Shareholder Value Finally Ending? So before we go into greater detail on the different perspectives related to social responsibility, one might question the meaning of social responsibility. It is generally agreed that social responsibility is defined as the business obligation to make decisions that benefit society.... ...
Social finance is seen as an approach aimed as mobilizing private capital in order to ensure the delivery of economic returns and social dividends to attain environmental and social goals (2). It also creates many opportunities for various investors to finance certain projects to benefit community and society organizations to access other sources of funds. The description of the policy issue, as social finance, is conveyed by the implementers who involve mainly political leaders, interest groups, state legislatures, congress, and government bureaucracies. The problem from the policy is defined based on the economic situation of the society before its introduction and implementation. Social finance, as an initiative, is a form of a business with the aim of bettering society economically and having a positive social impact such as creating new job opportunities and funding business development programs. Since 2004, over $67.7 million has been invested in over 7300 businesses and community development projects (3). The description of the problem also involves understanding of the situation in the absence of the initiative. The policy, as a problem,...
Red Cross, Josea’s feed the hungry and UNICE- what do they all have in common? They are all nonprofit organizations. Throughout the world, but especially in the United States nonprofit organizations are very important and a necessity for many cities. It has become one of the main focuses for a growing amount of majors and studies for many people. With more than 8 million employees and more than 80 million volunteers in the United States alone nonprofit are some of the most important job in recent times (Drucker). The importance of many nonprofit organizations could be the difference between many people’s lives and their deaths. The importance of nonprofit organizations is growing throughout the United States day by day. The fact that nonprofits are built solely on helping the people throughout your community and neighboring communities make nonprofits important based on that fact in itself. Nonprofit provide places to sleep when maybe a family has nowhere to go or somewhere to have a hot meal. This could be someone in your family, a close friend or even a distant neighbor but in all people are people and help is help so the reasons for nonprofit being important are ongoing.
Social responsibility in business is very important because it goes hand in hand with creating shareholder wealth. A business should strive to increase their positive effects on society and decrease their negative. In the case study we were given we were asked to examine Company Q’s relationship with social responsibility. Company Q is a small local grocery store located in a metropolitan area. After careful review of Company Q it is very evident that their social responsibility is poor and needs improvement. Recently they closed a few stores in higher crime areas blaming the closures on the stores consistently losing money. Company Q has finally begun to offer
For example, a company may believe that they have social responsibility to provide organic products to consumers, which will impact the cost to make the product and the funds needed for the company’s sustainability. This could lead to issue number one, “will consumers pay a “CSR premium for a product?” (Werther, Chandler 2001, p. 190). The second issue that is presented as it relates to social entrepreneurship is: how can a company continue with their mission and operating practices once the founder is no longer there or ownership in taken by a leader whose motivation is profit specific vs. social
Social economy mainly includes cooperative, not for profit, and voluntary activities which make this concept similar to third sector of society that includes citizens associations and foundations. Third sector is defined by reference to the public sector (state, government, public administration) and the private sector (com...
The world of non – profit organizations and social enterprises has gone through two main trends of reporting activities in recent years. First one is the growing increase
Two entrepreneurial approaches I will reflect upon are profit-oriented and social-oriented entrepreneurs. I will describe these approaches through two entrepreneurs, Victor Kiam and Anita Roddick. Victor Kiam was what one would call a profit entrepreneur. This is “a person who seeks a profitable opportunity and takes the necessary risks to set up and operate a business (Boone, Kurtz, 2011, pg.182). Anita Roddick, founder of The Body Shop, was a social-oriented entrepreneur. These types of entrepreneurs are “pioneers of innovations that benefit humanity” (Boone, Kurtz, 2011, pg.185). Social entrepreneurs not only want to profit from their business but also have an interest in helping society.
These endeavors are controlled by shareholders either givers or poor people, and givers recover their underlying speculation, however any extra benefits made by the undertaking are furrowed once again into the work. To show his concept of a social business, Muhammad Yunus weaves through the book the intriguing contextual analysis of Grameen Danone, a joint endeavor amongst Grameen and the French multinational sustenance item organization Danone. Muhammad Yunus sees numerous sources from which these new social organizations can start: existing organizations, establishments, the World Bank and different offices, government improvement reserves, fruitful business people searching for a next movement, well off retirees, and late school graduates. In fact, these sources hold guarantee. Muhammad Yunus likewise trusts that social organizations would urge more individuals to give back: Many would discover building up and working in a social business more appealing than working for a philanthropy, given the renowned society agrees business people well beyond their money related achievement. Muhammad Yunus addresses the handy obstacles of making social organizations by compactly depicting the strides that must be taken if social organizations are to end up standard foundations. Advocates must build up an arrangement of lawful meanings of social business, alongside tax assessment and administrative principles. Social business benchmarks should then be set up and ensured. Muhammad Yunus trusts that distinctive sorts of autonomous accreditation and appraisals organizations will spring up to meet the requests of potential financial specialists and shoppers. I would include that legislature, guaranteeing offices, and the sheets of
Corporate Social Responsibility is an organisation’s obligation to serve the company’s own interest and the one’s of the society. Moreover, Corporate Social Responsibility has a definition of a concept where the companies integrate social and the environmental concerns into their own business operation and also on a basis of voluntary with their interactions they have with the stakeholders. Corporate Social Resp...
One of the key features of this Australian research is its intention to define social enterprise in a way that was informed by and made sense to those working in or with social enterprises.
The objective of this essay is to illustrate and highlight the role of social entrepreneurship in regards to an actual social enterprise, as well as to make an analysis of the business model applied by the social enterprise. Since the 1990s, the notions of “social enterprise” and “social entrepreneurship” are increasingly gaining more recognition as they indoctrinate new dynamics within the third sectors which include non-profit sectors, voluntary sectors and the social economy, where innovative solutions are created with a social view in mind to respond to problems unresolved by private organizations and public providers (Defourny and Kim, 2011) with a market orientation similar to other conventional enterprises. One social enterprise has
It is the same business approach that a corporation contributes to sustaining the development by delivering economic, social and environmental benefits to any enterprises. One should be corporately and socially responsible to achieve triple bottom line, which is environmental which is nurturing the environment, social that holds the norms and values of the community and charity which meets the needs of people. To give a bigger picture, the essay will suggest four examples of CSR activities along with its benefits of the industry. In recent years, a tremendous rise and progress of the concept of CSR have been witnessed by the humanity, pulling it up to the highest peak and being the soul of all aspects of business and production, be it private or public. It would not be possible to stand out in the middle of other competitors despite being an individual entity, without public relation. Therefore, it is a win-win situation where, in the one hand corporate makes an accomplishment from the community while on the other hand, it fosters the daily life of the humankind, which is a blessing to the
In the current time of growth and progression, individuals should know that how a business not only flourish but sustain itself. Making profit is one of the main targets of every corporates but it must not be the only one. When an individual builds a company in order to do business, they should be well aware of their contribution towards the society as well as their business and employees in it. It is total strategy of all. We should be able to realize every increment contributes of it. One of the major factors that affect a business is how well it participates in Corporate Social Responsibility. According to (Werther & Chandler, 2006) corporate social responsibility (CSR) refers to a business practice that involves participating in initiatives that benefits the society. In authenticity, there is a whole lot to argue about it. There are no major guidelines that decides either a business is participating in Corporate Social Responsibility; what might be considered a Business practicing CSR to some, can still not be accepted for it by others. CSR may be restrained a term which his highly flexible. This paper will discuss about Corporate Social Responsibility and its