Giving Compass’ Take:
• Nicole Motter, a social enterprise consultant and lawyer, discusses six different types of social enterprises how they get funding.
• Which one of these models fits the type of work you’re most drawn to? How might the sector develop stronger partnerships that blend different kinds of enterprises?
•Read about the competitive advantage of social enterprises.
“What exactly is a social enterprise?” It’s a question that comes up a lot, probably because there isn’t a consensus. Generally speaking, “social enterprise” means using business tools to address a social need. This concept may or may not overlap with “social innovation,” which means addressing a social need in a new, groundbreaking way. While it’s possible to use business tools without using them innovatively, and it’s possible to innovate without using business tools, the poster child for this sector works at the intersection of these two concepts.
Yet for most people, “social enterprise” winds up being the broad, default phrase used to cover both concepts. For better or worse, that expansiveness has snowballed the term’s popularity (the bigger the bucket, the more stuff you can throw in there) but has also led to trouble agreeing on a definition.
Here are 6 different types of social enterprises:
- Entrepreneurial Nonprofit
- Socially Responsible Business
- Give One, Get One/Donate Portion of Proceeds Model
- Awareness Brand
- Everything Else
Read the full article about the types of social enterprises by Nicole Motter at B the Change.
If you are looking for more articles and resources for Social Enterprise, take a look at these Giving Compass selections related to impact giving and Social Enterprise.
Are you ready to give?
If you are looking for opportunities to take action and give money to Social Enterprise, here are some Giving Funds, Charitable Organizations and Projects aggregated by Giving Compass where you can take immediate action.