What's the difference between a social purpose business and socially responsible business?
What's the difference between a social purpose business and socially responsible business?
A social purpose business uses market forces to create a business where the principal purpose is to achieve a social benefit. A socially responsible business on the other hand, is a mainstream business which tries primarily to make money but uses some of its resources to do good, either by contributing to the community, reducing waste or acting in an environmentally sustainable manner
SES Resources
Knowledge limitations can be a harsh reality for many organisations operating in the social enterprise sector. But a clear understanding of the resources that are available – and how to acquire them – can be a distinct advantage on the road to sustainability. After all, the key factor in Social Enterprise is all about long-term survival, and in order for individual enterprises to become sustainable, they must develop their organisations meaningfully over time. To do this means continuously searching for new opportunities to create revenue, as well as for ways to improve existing products and services. Therefore whatever your experience is, start-up or longer term support, passing on your knowledge will not only assist in the creation of new Social Enterprises, but will help existing organisations move up the ladder
