Social Enterprise Manager Job Description

The Mission and Structure of Social Enterprises

A social enterprise is a business with a certain social objectives that uses a commercial structure to run it. Social enterprises try to make a strong societal impact while maximizing their profit, which is used to fund their social programs. Social enterprises can be both non-profit or for-profit organizations.

The first goal of all social enterprises is to make money, and the second is to reach their social, cultural, economic, or environmental outcomes. It is important to note that social enterprises operate under the same structure as a traditional business, and on the surface, they may seem to look the same. The key to understanding a social enterprise is to understand its mission.

The importance of profit generation is still important to social enterprises, as earnings are important to sustain the livelihood of the venture, but the important difference is that instead of using its profit to distribute among shareholders, the profits are reinvested in the enterprise to help it achieve its social mission. Social enterprises often employ people from at-risk and disadvantaged background, such as visible minorities or indigenous groups. Discrimination and prejudice are a part of society historically.

The goal of training and employing such individuals is to allow them to earn a living wage while giving them the ability to create self-sufficiency and not rely on the government. Some social enterprises have a central mission of creating employment for disadvantaged individuals. Social enterprises are usually categorized into four main categories, although they are constantly evolving and may change over time as new areas are created.

All types of social enterprises try to balance profit generation and social objectives despite their individual differences. Cooperatives, collectives, and other organizations that are worker- or employee-owned are referred to as trading enterprises. They vary greatly in size and structure, but their joint ownership structure allows them to have a higher degree of economic resilience than other forms of enterprises.

Social Enterprises

A social enterprise is a business that has a specific purpose and is defined as a social business. Social enterprises want to maximize profits while also benefiting society and the environment. Their profits are used to fund social programs.

The concept of a social enterprise was developed in the UK in the 70s. The private and volunteer sectors have social enterprises. They want to balance activities that provide financial benefits with social goals, such as providing housing to low-income families.

Selling goods and services to consumers is the primary source of funding. A social enterprise is different from a standard company because profit-maximization is not the primary goal. Social entrepreneurship is a type of business that focuses on individuals who develop solutions to social and environmental problems using existing business techniques and strategies.

Social entrepreneurs seek innovative ways to drive change, whereas social enterprises form to fulfill a business purpose and solve societal needs through their commercial activities. Social enterprises maximize improvements in social well-being. For every pair of glasses sold, Warby Parker donates a pair to someone in need.