What is Social Enterprise?

I think social enterprise is more a way of doing business differently, rather than an entity.

Craig Dearden-Phillips explains how a social enterprise shouldn’t just be reserved for the ‘cultists’ who speak only of doing good and social impact, but should be more encompassing to include all those progressive businesses that want to make money for themselves and make a big social impact at the same time.

From my experience it’s about making balanced decisions in the board room. For example, a decision that would make the most profit might need to weighed up with the decision that would create the greatest social impact. These decisions aren’t always opposing but I have found in practice they often are.

We need to move towards a world where having social objectives in the DNA of the business is part of the norm. A world where we realise the business decisions we makeĀ do have knock on effects both positive and negative that ripple far and wide.

Ultimately, social enterprise is about people.