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A critical perspective on Social EnterpriseNew Dawn or False Promise?Being
Buena Vista University, US has reference to this Academic Journal, A critical perspective on Social EnterpriseNew Dawn or False Promise?Being a Devils Advocate – Critical reflection is called in consideration of in order so that assess different perspectives in addition to provide some challenge so that the dominant view:DefinitionsHistory, Legal in addition to CultureGovernance in addition to FinanceObservations in addition to ConclusionThe Dominant View? Many of the challenges social enterprise aims so that resolve are the greatest challenge faced by humanity ? Poverty, Climate Change, Conflict? The saviour of public in addition to private businessThe answer so that ?worklessness? social isolation in addition to inequalitySocial Enterprise, in addition to in particular its ?undisputed star? microfinance has demonstrated its capacity so that deliverSocial enterprises are at once looking at ways so that make micro-impacts on local populations, while also working so that shift entire systems of production, consumption in addition to even government
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Definition- what is a Social Enterprise?Social Enterprise remains a very broad in addition to often quite vague concept ? referring primarily so that market orientated economic activity serving a social goalSocial enterprise is an innovate response so that the funding problems of non-profit organisationsThe concept of Social Enterprise includes a wide spectrum of organisations from businesses engaged in social benefit activities so that non-profit organisations engaged in mission trading activity.The Official UK Government Definition BIS defines social enterprises as those businesses that self- identify as a social enterprise in addition to as a ?business alongside primarily social or environmental objectives, whose surpluses are principally re-invested in consideration of that purpose in the business of the community or community rather than mainly being paid so that shareholders as owners ?; in addition to further require that they generate at least 25% of their turnover from trading in addition to distribute less than 50% of their profits so that owners or shareholdersDoes Definition matter?- Surely its about the work?- but no definition: What in addition to How do you measure? Comparison in addition to Impact? Mission Drift in addition to Undermine values ? re how ?Green? has been abused?Confusion ? other terms ? SE is a new way so that run business, not a new way so that run Charity? ? Dai Powell HCT GroupProblem ? all sorts of activities are now being called social enterprises
HistoryRecognised term from the 1990s ? but were/are these Social Enterprises?The Foundling HospitalThe Rochdale Co-operativeArmitage in addition to the BlindPeabody in addition to Octavia HillOast House TrustBluebell RailwayLegal in addition to Regulation ? a confused picture or a richness in diversity?The arrival of the CIC Company ? now 4905 but:? Just over one-quarter (26%) of small in addition to medium employers said they are social enterprises, but only 7% met the full definition, alongside a further 19% self-identifying as social enterprises but not meeting all the criteria ? nearly half of registered charities(45%) two thirds of companies limited by guarantee (67%) in addition to nine tenths (90%) of CICs are social enterprises? (NCVO Almanac 2012)International – UK a compromise of ideas!To further complicate matters there are differences in interpretations of social enterprise across the globe:USA ? social enterprise embraces the entrepreneurial culture, where the individual, the entrepreneur, is focused upon far more than the collective or the communityEurope ? stakeholder democracy ? benefit the community in addition to are autonomous organisations, alongside group objectives, shared aims in addition to decision making power that is not based on capital ownership
Accounting in consideration of Merchandising Operations Chapter 5 Objectives: Defining Inventory Service Companies Merchandising Companies Perpetual vs. Periodic Inventory System- An Example Accounting in consideration of Inventory ? A Perpetual Inventory System (Example on p6) T-Accounts of Inventory in addition to CGS Perpetual Inventory System Perpetual Inventory System (contd.) Accounting in consideration of Inventory ? A Periodic Inventory System (Example on P6) Purchase Discounts Not Taken Purchase of Inventory ?Freight Costs Purchase Invoice/Sales Invoice (see Illustration 5-4 of textbook in consideration of an example) Collection of A/R in addition to Sales Discounts Net Sales Sale of Inventory ? Freight Costs Income Statement Formats Income Statement Formats (contd.) Income Statement Formats (Contd.) Net Purchases of a Periodic Inventory System
Cultural in addition to Political IssuesHow different from modern charities in addition to public benefit?Are they really enterprises? ? ?They restrict me from creating real value which doesn?t make any sense? ? quote from a previous winner of the Apprentice?Ten or so years ago it would have seamed like an oxymoron so that amalgamate the terms social in addition to enterprise? (Arthur 2006) ? a leap of faith ? assumption that if business a success, social aims will follow?Relationship alongside the Public Sector?Criticism from Unite ? are social enterprises a ?spin? away from the real issues of full employment in addition to the welfare state?Financial IssuesThe issues of scalability? ? are SEs really social SME?s? ? can they be templated?Access finance in addition to capital ? social bonds still an emerging areaExternal business support services so that SMEs?Marketing in addition to Pricing productsGovernanceTheory in addition to models ? Stakeholder or Stewardship?Regulation confused ? no one regulator ? how effective is the CIC regulator? ? ?The Government expects the Regulator so that be a ?light touch regulator? who will encourage the development of the CIC brand in addition to provide guidance in addition to assistance on matters relating so that CICs.?The Trade Mark ? how many have joined? ? is it a money making exercise?
Governance IssuesTo Get the CEO on the Board?Short term fix so that underlying governance problems?Q ? is it really true that traditional governance structures of charities do not fit the Social Entrepreneurial nature of Social Enterprises?ConclusionCould get lost in terminology ? responsible capitalism ? collaborative entrepreneurship ? in addition to lose identityResilience so that criticism? ? impact in addition to other studies may suggest no longer flavour of the month or not delivering? i.e. micro finance impact studies questioning how effectiveSocial value in addition to impact ? lack of a research evidence base ? ?the social entrepreneur as a heroic figure is a myth!Lose the hype ? a real research agendaSocial Value creationRisk takingManaging a social ventureEffects of change processSocial Venture formationMotivation of social entrepreneursSocial in addition to economic values
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