Social Enterprise Case Solution And Analysis, HBR Case Study Solution & Analysis of Harvard Case Studies

Social Enterprise Case Solution

What is social Enterprise?

The social enterprise is an organization that maximizes the improvements in human and economic well being by adopting different commercial strategies instead of maximizing the profit for external shareholders.

Social enterprises are income generating organizations, and these can be operated by non-profit company or Profit Company. Moreover, a social enterprise has two objectives: to accomplish social, cultural, economic community and environmental favorable outcomes and second is to earn the revenue.

Most of the social enterprises operate as the traditional business however focusing on the concern of business and characteristics of social enterprise, their main goal is to generate income as a supporting role how ever the main goal is to address the social issues and support the economy with positive community change. (RBS, 2012)

Social enterprises are organizations that take diverse legal documents crosswise over OECD nations to seek after both social and monetary objectives with an entrepreneurial spirit. Social enterprises typically engage in conveyance of social services and work integration managements for disadvantageous groups and communities, whether in urban or rural regions. Moreover, social enterprises are also emerging in the community services that will help the public in education, cultural and environmental fields.

The problem and Solution:

The social enterprise is created in order to increase the social cause of financial sustainability because in spite of emergence in economic models, in most parts of the world, people are facing inequalities in circulation of wealth. As a result, they are deprived from economic opportunities, low employment and wages, and less access to basic services. These situations arise due to the lack of resources and local capacities, which the risk of economic and social elimination for long period of time. (Galera, 2007)

These problems can be solved by providing opportunities for generating income, which may fulfill the basic needs of those people who live in poverty. Moreover, the social entries companies should expand the model utilization so as to have more effect on the society.

An organization that is a Social Enterprise:

There are lots of companies that wish to adopt an entrepreneurial approach in order to achieve social or environmental change, such as Ben and Jerry’s, PARC, Chrysalis, network for good and etc.

As for the evaluation of the social enterprise, Chrysalis is considered as the true social enterprise, which is a nonprofit organization with the dedication of creating the pathway for self-sufficiency for low income and homeless individuals. This can be possible by providing them the number of resources such as job or employment, which provides support for the well-being of economy and environmental conditions.

Another good example of social enterprise is Ben and Jerry’s, which took social organizations to another level with their social missions and objectives. The organization has three statement of purpose, which is to make the world’s best ice cream that would seek dynamic social change and that would provide reasonable remuneration to representatives and shareholders alike. In 1991, Ben and Jerry’s was presumably the first open market American traded organization to offer well being and different benefits to the workers.

It was also the first American organization to deliver a straightforward review of the effects it had on society. It found a way to limit the environmental impact by setting the highest level of charitable targets, which was considered as four times higher than average US corporations.(Edmondson, 2014)........................

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