Arts And Business Social Enterprise

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Arts And Business Social Enterprise

  1. 1. <ul><li>Introduction to Social Entrepreneurship </li></ul><ul><li>Introduction to Social Enterprise </li></ul><ul><li>Legal Structures </li></ul><ul><li>Planning </li></ul><ul><li>Sources of Support </li></ul>
  2. 2. Approach <ul><li>Advanced Reading </li></ul><ul><li>Facilitated Discussion </li></ul><ul><li>Training Delivery </li></ul><ul><li>Guest Speakers </li></ul>
  3. 3. Advanced Reading <ul><li>An Introduction to Social Entrepreneurship By Daniel Truran, Secretary General European Baha’i Business Forum J:social enterpriseEBBF-SocialEntrepreneurship-Intro.pdf </li></ul><ul><li>Irish Social Entrepreneurs </li></ul><ul><li>Recommended Reading and Useful Websites </li></ul>
  4. 4. Agenda <ul><li>What is Social Enterprise </li></ul><ul><li>Legal Structures </li></ul><ul><li>Sources of Support & Business Planning </li></ul><ul><li>Sustainability </li></ul>
  5. 5. Guest Speakers <ul><li>Sources of Support </li></ul><ul><li>Business Planning – What Funders are Looking For </li></ul>
  6. 6. <ul><li>The ability to combine social interests with business practices to effect social change”Alter 2006 </li></ul><ul><li>Two dynamic forces:- </li></ul><ul><li>– The entrepreneurial force driving the social change </li></ul><ul><li>– Managing income streams often including earned income opportunities </li></ul>What is Social Entrepreneurship
  7. 7. Entrepreneurship <ul><li>“ enterprise – Undertaking, esp. bold or difficult one; readiness to engage in such undertakings; enterprising, showing courage or imaginativeness.” </li></ul><ul><li>The Oxford Handy Dictionary </li></ul><ul><li>“ entrepreneur – person in effective control of commercial undertaking.” </li></ul><ul><li>The Concise Oxford Dictionary </li></ul><ul><li>“ Mastering Enterprise : all you need to know about starting and developing a successful business” </li></ul>
  8. 8. Entrepreneurship <ul><li>“ entrepreneurship – an approach to management which involves the pursuit of opportunity without regard to resources currently controlled.” </li></ul><ul><li>Howard H Stevenson (1997) </li></ul><ul><li>“ entrepreneurship – the creation of new organisations.” Karl Vesper (1982) </li></ul><ul><li> “ entrepreneurship – the ability to identify, pursue and capture the value from business opportunities. Entrepreneurs exist to pursue opportunities. Without it, they have no raison d’etre” </li></ul><ul><li>D F Muzyka (1996) </li></ul>
  9. 9. <ul><li>Enterprise Culture is a complex set of economic, social and political attitudes </li></ul><ul><li>“ One can be enterprising both by making a million before one’s fortieth birthday and by shepherding passengers out of a burning aeroplane” </li></ul><ul><li>“ Enterprise is having ideas and imagination and using them” </li></ul><ul><li>The mission of the Starship Enterprise is “to boldly go where no man has gone before” </li></ul>
  10. 10. THE FOCUS OF LEARNING <ul><li>Educational Focus On: Entrepreneurial Focus On </li></ul><ul><li>The past The future </li></ul><ul><li>Critical analysis Creativity </li></ul><ul><li>Knowledge Insight </li></ul><ul><li>Passive understanding Active understanding </li></ul><ul><li>Absolute detachment Emotional involvement </li></ul><ul><li>Manipulation of symbols Manipulation of events </li></ul><ul><li>Written communication Personal communication </li></ul><ul><li>and neutrality and influence </li></ul><ul><li>Concept Problem or opportunity </li></ul><ul><li>(Allan Gibb) </li></ul>
  11. 11. Distinctive Features of Social Enterprise <ul><li>Social Objectives -meet needs, values, accountable </li></ul><ul><li>Social Ownership -governance structures, participatory </li></ul><ul><li>Enterprise Orientation –trading surplus, reduce dependency </li></ul>
  12. 12. Typically 3 kinds of objectives: <ul><li>Business –production of goods or services to meet a need </li></ul><ul><li>Employment –create jobs, enhances employability </li></ul><ul><li>Development –empowerment of individuals/ communities </li></ul>
  13. 13. Outcomes /Benefits <ul><li>• Economic/Financial benefits </li></ul><ul><li>– Income generation </li></ul><ul><li>– Financial sustainability </li></ul><ul><li>• Non-financial benefits </li></ul><ul><li>– Skills, employability </li></ul><ul><li>– Social inclusion </li></ul><ul><li>– Develop local community </li></ul><ul><li>– Confidence, commitment, collaboration </li></ul><ul><li>– Enhanced social capital </li></ul>
  14. 14. <ul><li>Mission drives social value creation </li></ul><ul><li>Financial need and market opportunities drive economic value creation </li></ul><ul><li>Money and mission are intertwined in social enterprise but not always equal partners </li></ul>Mission and Money Relationships
  15. 15. Review and Discuss Types of social enterprise by mission orientation The Trading Continuum for Social Economy Organisations Models of Social Enterprise
  16. 16. Caution!! <ul><li>Social Enterprise is not the Holy Grail </li></ul><ul><li>• Mission is the cornerstone of the social enterprise </li></ul><ul><li>• Social Enterprise Models can help organisations to innovate, increase impact and effectiveness and improve performance </li></ul>
  17. 17. Social Accounting <ul><li>Proving the value and improving performance </li></ul><ul><li>–“ Social accounting is a process through which an organisation monitors and evaluates its work, reports honestly on its achievements –and failings –and improves its performance through more informed planning and better management”John Pearce 2003 </li></ul>
  18. 18. The Social Accounting Framework <ul><li>• Stage 1: Introducing Social accounting and audit ..the why </li></ul><ul><li>• Stage 2: The Foundations –clarify social impact objectives and activities, values and stakeholders </li></ul><ul><li>• Stage 3: Nuts and Bolts –Social Book-keeping –identifying the indicators collecting info </li></ul><ul><li>• Stage 4: Preparing and using social accounts </li></ul><ul><li>• Stage 5: The Social Audit (the evaluation and review) </li></ul>
  19. 19. Use Social Accounting to Improve: <ul><li>Identify training needs </li></ul><ul><li>Improve services </li></ul><ul><li>Develop new products and services </li></ul><ul><li>Inform internal strategies </li></ul><ul><li>Improve customer and partner relationships </li></ul><ul><li>Identify funding needs </li></ul>

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