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A social business or social enterprise is a business, which has specific business objectives that is its primary purpose. It tries to maximize its profits by maximizing benefits to the environment and society.

The profits are used for funding social programs. Many students approach us for Social Enterprise assignment help. We at BookMyEssay offer the best regarding quantity and we offer quality writing solution. We complete our work to the fullest with no mistakes. Our academic experts offer you a surety of good grades. We are always there for the students whenever they need us.

What is Social Enterprise?

Social Enterprise is challenging to define because this concept is evolving rapidly nowadays and blurs the traditional government, business, and non-profit sectors. Social Enterprises are businesses that have certain social objectives to use a commercial structure for running an organization.

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They try to make a strong impact on society while maximizing the profits that is thereafter used for funding the social programs. These enterprises can be for-profit as well as non-profit and might take the forms of different kinds of organizations. A common thing in social enterprises is that they adopt two goals-the primary one being generating profits and the second one being reaching its cultural, social, environmental and economic outcomes stated in the mission of a company.

What are the Kinds of Social Enterprises?

Social Enterprises are divided into four categories though they are evolving constantly and might change with time. Though there are individual differences, all social enterprises function while balancing achieving social objectives and generating profit. The different kinds of social enterprises are discussed in our Social Enterprise assignment help.

Trading Enterprises: Trading enterprises are cooperatives, organizations, and collectives that are employee or worker-owned. These differ majorly regarding the organizational structure and size, however, a joint ownership structure enables a higher kind of economic toughness compared to other kinds of enterprises.

Financial institutions: Some financial institutions belong to the category of social enterprises including organizations like cooperative banks, credit unions, and loan funds that are membership-owned. Credit unions provide low-interest rates, higher savings, and focus less to make profits and helping respective members. Traditional banks and cooperative banks are similar. Cooperative banks provide loans but function on a cooperative basis. Cooperative banks raise money through public stock markets that give rise to a different class of shareholders.

Community organizations: Community organizations are registered social enterprises that include community centres, community enterprises, community interest organizations, housing cooperatives, sports clubs, and smaller shops. These are membership organizations, which exist for a specific purpose and also trade commercially with an objective to reinvest profits in a community.

Charities and NGOs: Charities and NGOs function on small and large scales and these are established for supporting a specific environmental, social, and political goal. Profits are used to further the environmental and social aims of an organization.

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Social Entrepreneurship Versus Social Enterprise

The differences are highlighted in our Social Enterprise homework help service. Social Enterprises should not be confused with social entrepreneurship. Social enterprises focus on individuals, who frame solutions to environmental and social problems with existing business strategies and techniques. Social entrepreneurs look for innovative ways and also function for driving change. Social enterprises on the other hand meet the business objectives and also through commercial activities.

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