• What Is Meant By A Social Enterprise? Why And Why?
What is meant by a social enterprise? What strategies do they apply and why? What are its characteristics? Social enterprise is defined as an entity which applies commercial strategies to maximize improvements in financial, social, and environmental well-being for the common good, rather than maximizing profits for shareholders and owners. The propositions of social entrepreneurs are driven by social objectives which will act to benefit society by increasing social value. Moreover, social enterprises attempt to address the basic needs of a community or solve a social problem by employing a market-driven approach, similar to that of a business. However, social enterprises differ from commercial ventures in terms of their intentions, methods, objectives, and allocation of profits. In contrast to traditional businesses, social enterprises reinvest their surplus profits in order to sustain their pursuit of positive social change; social entrepreneurs influence on positive social change is equally as important as any financial outcome. The motives of social enterprises appeal to the common good, whereas commercial ventures appeal to self-interest and profitable business models. Organizations which identify as social enterprises may be structured as nonprofit organizations, businesses, programs, or ventures. Such social organizations often bring in resources or monetary funds in order to sustain their pursuit of positive social change, however, surplus revenues are
Why Is Company Q Socially Responsible
1495 Words | 6 PagesIn this paper, I am going to discuss and explain my opinions on why company Q is or is not socially responsible. Company Q recently closed a couple of stores in high crime areas. Company Q also started offering very limited health conscious and organic products. The local food bank has contacted Company Q requesting day old food for donations. Company Q has declined the donation request due to possible fraud by its employees and has started throwing the food away.
Annotated Bibliography On Moneyball
844 Words | 4 PagesAnnotated Bibliography Bakshi, M. (Producer), & Miller, B. (Director). (2011). Moneyball [Motion Picture]. United States .
Voluntary Spirit Model
1022 Words | 5 PagesTo begin with, the economic model has a management style that mirrors that of market-driven businesses, aligning goals and objectives with business principles such as supply and demand (Brainard & Siplon, 2004). On the other hand, the voluntary spirit model relies on a management style that is intentionally different from product and services businesses (2004). In other words, the voluntary spirit model insists that nonprofit missions are not business-like, but instead, are centered on solving problems and nurturing relationships (2004). Next, the organizational structure for the economic model has a relatively strict hierarchy where decisions are driven from the leadership, but the voluntary spirit model’s structure relies on collaboration among members to collectively determine goals and objectives (2004). Lastly, since the economic model is business-like, the incentives for staff appeal to self-serving needs, which means the incentives are often materialistic or monetary (2004).
Target Corporation Social Responsibilities
757 Words | 4 PagesMichael Abraha Analyzing Community Social Responsibilities Target Corporations is a retailer whose operations involve offering discounted, high quality, and trending merchandise. Such merchandise is retailed at attractive prices in guest-friendly, clean, and spacious stores. The company deals with a variety of food brands such as “Archer Farms”, home collections, food, and pets’ supplies, households, home decor and furnishing, clinics, pharmacy services alongside other services. The biggest community social responsibilities of the industry include protecting the environment, promoting healthy living, promoting community education, and volunteerism.
The Pros And Cons Of Nonprofit Organizations
831 Words | 4 PagesDefine by the business dictionary, Nonprofit organizations(NPO) are associations, charities, cooperatives, and other voluntary organizations formed to further cultural, educational, religious, professional, or public service objectives. A large number of nonprofits are human service organizations providing services for those who in need of mental health, housing, and other helping services. NPOs are funded by a number of different sources, According to to the National Center for Charitable Statistics (NCCS), “over 1 million public charity nonprofits existed in the United States in 2009, funded by $1.4 trillion in revenues from contributions, gifts, and grants (22 percent); program service revenues, including government contracts and fees (67 percent) and other sources, including dues and special event income (11 percent)” (NCCS, 2010). Although the numbers do sound nice, the financial states of most nonprofits are not doing well, funding for social services and organizations are expected to decrease. Traditional ways of fundraising have become less productive, so NPOs are now left to find different ways to fund their organizations.
Gap Inc Mission Statement
798 Words | 4 PagesAlso, by proactively engaging in corporate social responsibility, organizations such as Gap Inc. will be able to enhance “value” and also their position in the market. Therefore, businesses need to understand the nature of their corporate social responsibility engagements, control the expectations of their stakeholders, be distinct about their limits in order to avoid criticism and possibly future negative impacts. References Gap Inc. (n.d.). Mission Statement - GAP INC. Retrieved June 27, 2017, from http://gapinccompanyinfo.weebly.com/mission-statement.html International Organization of Employers. (2005).
Candian Tire Corporate Social Responsibility
488 Words | 2 PagesModern day businesses have to be socially responsible; actions are taken to satisfy customers who might have a cause that they care deeply. Social responsibility occurs when a person or a company acts in an ethical and sensitive way towards important social issues of the day such as economic, environmental, and cultural concerns. Many businesses have a section of their website or business literature dedicated to social responsibility. Companies proudly detail the steps they are taking to address concerns that people have with the environment and economic issues. Having companies act in a socially responsible way is necessary because their actions have a tremendous positive impact on society.
Taking A Look At Non-Profit Organizations
770 Words | 4 PagesNon-profit sector is very different from both the public and private sectors. It is a tax-exempt organization or social sector which is mainly formed for the purpose of education, religious, art, animal right or charitable (Hatten, 1997). Popular examples for the non-profit organization are World Wildlife Fund, Do Something, United Nations Children’s Fund (UNICEF), Green Peace and Malaysia Red Crescent Society. The ownership of the non-profit organizations does not belong to anyone, even the founder of organization, which is very different from other form of business.
Milton Friedman's Views On Social Responsibility Of Business
1245 Words | 5 PagesSocial responsibility of business has been a debated topic for years. The ideas of different businessmen have had effects on the direction of business in this period. This essay analyses two texts, which have Milton Friedman’s arguments about social responsibility of business and John Friedman’s ideas about Milton Friedman’s, by comparison and contrast method and includes this writer’s evaluation. Milton Friedman’s text is about the effects of the name of social responsibility on a private property system including executives, stockholders, employees and customers. He gives us some assumptions and examples of their potential results and impacts on corporations to express his ideas clearly.
Domestic Violence In Non-Profit Organizations
589 Words | 3 PagesNon-Profit Organizations have been around for a long time. Now you might ask yourself “what is a Non-Profit organization? ' Simple really, it 's a foundation exempt from paying taxes, in which also, serves the public 's interest. Some well-known non-profitable organizations are No More Tears, Women in Distress, and Victim Response Inc. otherwise known as the lodge. However, these three organizations deal with domestic violence.
Wal-Mart: Social Sustainability And Social Responsibility
1475 Words | 6 PagesSOCIAL RESPONSIBILITY As we defined above that social responsibility is to protect and enhance well-being of living things. Every organization is socially responsible to protect the environment and they can do there much which is legally required for the organizations. The very first social responsibility of every business is that to earn enough profit to meet his expenses. If the firm cannot earn profit no social need and social responsibility can be met by the firm the firm fails.
Civic Responsibility And Social Responsibility
725 Words | 3 PagesBeing socially responsible is the idea that businesses should balance profit-making activities with activities that balance benefit society; it involves developing businesses with a positive relationship to the society which they operate. Social responsibility is an ethical theory, in which individuals are accountable for fulfilling their civic duty but the actions of an individual must benefit the whole of society. Social and civic responsibility should be an automatic thing that should come to people’s minds when trying to improve society. The main concept of social responsibility is that every individual, has to perform so as to maintain a balance between the economy and the ecosystems.
Summary: Organizational Analysis Regarding Social Justice
1736 Words | 7 PagesOrganizational Analysis Regarding Social Justice Though working toward social justice is the pinnacle of the mission of social workers, not every organization employing social workers has social justice as its first priority. Luckily, many organizations that employ social workers in Richmond, Virginia value social justice as a major piece of their purposes. One such organization in Richmond is the Young Women’s Christian Association (YWCA). The Richmond YWCA emulates a strong duty to social justice, evident in nearly all of its offered services and interactions with the Richmond community. Conceived in 1887, the Richmond YWCA has been able to accommodate a growing number of staff, clients, and community needs for more than one hundred
Walmart Corporate Social Responsibility Study
3018 Words | 13 PagesTherefore, there is a great deal of overlap between those who engage in philanthropic model for reputational reasons and those who follow the economic view of business' social
Examples Of Ethical Responsibility
902 Words | 4 PagesBusiness contributions to financial resources or executive time, such as contributions to the educations, arts or the community, are the examples of philanthropy. The point which distinguishes the philanthropy and ethical responsibilities is that the former are only desired and not expected in an ethical and moral help. Philanthropy is more voluntary or discretionary on the part of businesses. Communities desire firms to contribute their funds, facilities and time to the social programmes or purposes, but if the firms do not provide the desired level they are not regarded as unethical. As a part of philanthropic responsibilities it is important that managers and employees participate in charitable activities in their local communities, they provide assistance to private and public educational institutions and assist voluntary to those projects which enhance the communities’ “quality of
More about • What Is Meant By A Social Enterprise? Why And Why?
Why Is Company Q Socially Responsible
1495 Words | 6 PagesAnnotated Bibliography On Moneyball
844 Words | 4 PagesVoluntary Spirit Model
1022 Words | 5 PagesTarget Corporation Social Responsibilities
757 Words | 4 PagesThe Pros And Cons Of Nonprofit Organizations
831 Words | 4 PagesGap Inc Mission Statement
798 Words | 4 PagesCandian Tire Corporate Social Responsibility
488 Words | 2 PagesTaking A Look At Non-Profit Organizations
770 Words | 4 PagesMilton Friedman's Views On Social Responsibility Of Business
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589 Words | 3 PagesWal-Mart: Social Sustainability And Social Responsibility
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1736 Words | 7 PagesWalmart Corporate Social Responsibility Study
3018 Words | 13 PagesExamples Of Ethical Responsibility
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