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Is social enterprise yet another example of the expansion of the market into all areas of life and society, in this case the marketization of poverty? Or does it offer genuine hope as part of a solution to some of the challenges facing contemporary society, and as an example of an economy of mutuality? Framing this question theologically, does it offer the potential of "faithful economic practice"? The Promise of Social Enterprise makes the case that how we answer this depends on the language we use to describe--and perform--social enterprise. Arguing for the need to move beyond the narrow and reductionistic logic of mainstream economics, the economic nature of the language of gift and mutuality is explored. Drawing on the theological framework of Pope Benedict XVI and the work of John Barclay on Paul's understanding of the social implications of the Christ-gift, this book considers the contribution that a theology of gift, with its incongruity and mutuality, makes to the theory and practice of social enterprise.
Is social enterprise yet another example of the expansion of the market into all areas of life and society, in this case the marketization of poverty? Or does it offer genuine hope as part of a solution to some of the challenges facing contemporary society, and as an example of an economy of mutuality? Framing this question theologically, does it offer the potential of “faithful economic practice”? The Promise of Social Enterprise makes the case that how we answer this depends on the language we use to describe—and perform—social enterprise. Arguing for the need to move beyond the narrow and reductionistic logic of mainstream economics, the economic nature of the language of gift and mutuality is explored. Drawing on the theological framework of Pope Benedict XVI and the work of John Barclay on Paul’s understanding of the social implications of the Christ-gift, this book considers the contribution that a theology of gift, with its incongruity and mutuality, makes to the theory and practice of social enterprise.
Social enterprises represent a new kind of venture, dedicated to pursuing profits for owners and benefits for society. Social Enterprise Law provides tools that will allow them to raise the capital they need to flourish. Social Enterprise Law weaves innovation in contract and corporate governance into powerful protections against insiders sacrificing goals such as environmental sustainability in the pursuit of short-term profits. Creating a stable balance between financial returns and public benefits will allow social entrepreneurs to team up with impact investors that share their vision of a double bottom line. Brakman Reiser and Dean show how novel legal technologies can allow social enterprises to access capital markets, including unconventional sources such as crowdfunding. With its straightforward insights into complex areas of the law, the book shows how a social mission can even be shielded from the turbulence of an acquisition or bankruptcy. It also shows why, as the metrics available to measure the impact of social missions on individuals and communities become more sophisticated, such legal innovations will continue to become more robust. By providing a comprehensive survey of the U.S. laws and a bold vision for how legal institutions across the globe could be reformed, this book offers new insights and approaches to help social enterprises raise the capital they need to flourish. It offers a rich guide for students, entrepreneurs, investors, and practitioners.
In this book, the authors argue that social enterprise is surrounded by great promise, and that this high expectation has contributed to its pitfalls, setting social enterprise out as separate and different from other kinds of business, public service provision, and nonprofit organising for social benefit.
Growing numbers of employees, consumers, and investors want companies to be truly good; these stakeholders will accept lower economic returns in order to support companies that prioritize sustainability, fair wages, and fair trade. Unlike charities or non-profit organizations, such companies - or social enterprises - are not only permitted but also expected to produce an economic return for investors. Yet, unlike traditional business ventures, social enterprises have no obligation to maximize profits, even on a long-term basis. In this comprehensive volume, Benjamin Means and Joseph W. Yockey bring together leading legal scholars and practitioners to offer an authoritative guide to social enterprise law and policy. The Cambridge Handbook of Social Enterprise Law takes stock of the field and charts a course for its future development. It should be read by entrepreneurs, investors, practitioners, academics, students and anyone else interested in how companies are evolving to address new demands for capitalism with a conscience.
'Social Entrepreneurship' is a term that has come to be applied to the activities of grass-roots activists, NGOs, policy makers, international institutions, and corporations, amongst others, which address a range of social issues in innovative and creative ways. Themed around the emerging agendas for developing new, sustainable models of social sector excellence and systemic impact, Social Entrepreneurship offers, for the first time, a wide-ranging, internationally-focused selection of cutting-edge work from leading academics, policy makers, and practitioners. Together they seek to clarify some of the ambiguity around this term, describe a range of social entrepreneurship projects, and establish a clear set of frameworks with which to understand it. Included in the volume are contributions from Muhammad Yunus, winner of the 2006 Nobel Peace Prize and the father of microfinance, Geoff Mulgan, former head of the British prime minister's policy unit, and Bill Drayton, founder of the Ashoka network of social entrepreneurs. Jeff Skoll, founder of the Skoll Foundation, and first president of eBay, provides a preface. Alex Nicholls provides a substantial new preface to this paperback edition, reflecting on the latest developments in the study and practice of social entrepreneurship.
As economic growth slows in the developed world, the base of the pyramid (BoP) represents perhaps the last great, untapped market. Of the world's 7 billion inhabitants, around 4 billion live in low-income markets in the developing world. These 4 billion people deserve—and, increasingly, are demanding—better lives. At the same time, the business community seeks new opportunities for growth, and the development community is striving to increase its impact. With these forces converging, the potential for mutual value creation is tremendous. This book provides a roadmap for realizing that potential. Drawing on over 25 years of experience across some eighty countries, Ted London offers concrete guidelines for how to build better enterprises while simultaneously alleviating poverty. He outlines three key components that must be integrated to achieve results: the lived experiences of enterprises to date—both successes and failures; the development of an ecosystem that is conducive to market creation; and the voices of the poor, so that entrants can truly understand what poverty alleviation is about. London provides aspiring market leaders and their stakeholders with the tools and techniques needed to succeed in the unique, opportunity-rich BoP.
This book dives into the heart of social entrepreneurship as the authors share the latest research, global experiences, authentic private conversations, and diverse narratives around this widely popular concept. The idea and practice of social entrepreneurship has swept the world, taken up with enthusiasm by business leaders, nonprofit practitioners, and public policy makers alike. In this book, the authors argue that social entrepreneurship is surrounded by great promise, and that this high expectation has contributed to its pitfalls, setting it out as separate and different from other kinds of nonprofit organising, public service provision, and business for social benefit. After exploring the problem of inflated expectations, the authors rescue the concept from perfection – overly positive normative judgements – by presenting practical ways forward. The book sets out how to really unleash the power of social entrepreneurship so that it can actually deliver on its promise to improve how we organise for social purpose. This potential revolves around four key themes that are levers for social change: innovative individuals, social impact, scaling social enterprises, and the power of ecosystems. Through these themes, the book covers a wide range of approaches to social enterprise illustrated by specific examples and experiences from five continents. This accessible book is a valuable resource for a variety of practitioners, upper-level students, instructors, and business scholars, particularly those with an interest in social/environmental impact, entrepreneurship, business ethics, sustainable business, ESG and CSR.