Read the summary and the most important questions on Strategies and Stakeholders - Week 3 EFB MCM

• 1 Introduction

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• How are social enterprises different from nonprofits?

  Social enterprises operate like a for-profit business by acquiring funds through the sale of products/services to the public, whereas a nonprofit ususally gains funds through fundraising efforts.

• 2 Mair, 2020

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• What is, according to Mair (2020) the definition of social entrepreneurship?

  Social enterprises address social problems by means of markets.

• What is understood about the goals of social enterprises?

  They are commonly understood as having dual - commercial and social - goals at the same time.

• 2.1 Trends

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• What are general trends within Social Entrepreneurship?

  Increasing in number and influential in policy discourses (written or spoken communication) about solutions to social and environmental problems, fitting well with a broader neoliberal trend of market-based approaches.

• What does the approach of Mair (2020) focus on?

  Mair advocates a contextual approach: 1,045 social enterprises in 9 countries. One size and form does not fit all! 

• 2.1.1 Findings

• What is meant when is said: One size does not fit all!?

  Social enterprises across but also within countries differed considerably in terms of revenues and numbers of employees.

• 2.2 Legal Form as Choice

• For the different countries that were surveyed again "one size does not fit all" for legal forms, what was found?

  A variety of legal forms are used and they are not bound by the legal form that they choose.

• Legal form is neither a uniform nor defining characteristic of social enterprises, but what do they strongly influence?

  The nature of the organisations.

• What are the two key legal forms that were used? And what was used by 13% of the organizations?

  Non-profit forms and for-profit forms. 13% chose a dual arrangement, combining legal forms within and across nonprofit and for-profit legal statuses.

• 2.3.1 Financing Social Enterprises

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• What are, according to the lecture and article, the four funding sources?

  1. Fees and sales of products and services - 57% of  total financing
     
  2. Grants - 26% of total financing
  3. Donations
  4. Investments