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- Social enterprises are private activities conducted in the public interest, organised with an entrepreneurial strategy, whose main purpose is not the maximisation of profit but the attainment of certain economic and social goals1. They are characterised by the following2345:
- They have a core social or environmental aim
- They trade as a means to a social or environmental end
- They mainly reinvest their profits into their social or environmental aim
- Ethical values guide their activities
- They can take a number of different legal forms
- They are highly participatory, with stakeholders actively involved and a minimum number of paid employees2.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Social enterprises are identified by the OECD as “any private activity conducted in the public interest, organised with an entrepreneurial strategy, whose main purpose is not the maximisation of profit but the attainment of certain economic and social goals, and which has the capacity for bringing innovative solutions to the problems of social exclusion and unemployment.”www.oecd.org/cfe/leed/social-economy/social-entr…The Organisation for Economic Co-operation and Development (OECD) identifies social enterprises as being highly participatory, with stakeholders actively involved and a minimum number of paid employees.www.investopedia.com/terms/s/social-enterprise.aspBuilding upon these characteristics, Social enterprises are organizations which pursue social missions or purposes that operate to create community benefit regardless of ownership or legal structure and with various degrees of financial self-sufficiency, innovation and social transformation.carleton.ca/profbrouard/wp-content/uploads/SCSE…Social enterprises are characterised by the following:
- They have a core social or environmental aim
- They trade as a means to a social or environmental end
trialogueknowledgehub.co.za/key-characteristics-o…Three characteristics of Social Enterprises as defined by Social Enterprise, London are 1. Enterprise Orientation, 2. Social Aims, 3. Social Ownership!www.yourarticlelibrary.com/organization/3-characte… - People also ask
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