DO NOW

• “The business environment is dynamic, and this makes owning and running a business enterprise risky”

• Explain this statement i.e. this is because, as a result of.

• Example - give one example of how this can be applied.

• Why is this important/therefore for these reasons?

Social Enterprise

Social Enterprise

• A business with mainly social objectives that reinvests most of its profits into benefiting society rather than maximising returns to owners.

• Social Enterprises have these key components.- They directly produce goods or provide services- They have social aims and use ethical ways of achieving them.- They need to make a surplus or profit to survive as they cant

rely on donations as charities do.

Triple Bottom Line

• The three objectives of a social enterprise. Economic, social and environmental.

• Economic – make a profit to reinvest back into the business and provide some return to owners.

• Social – provide jobs or support for local and often disadvantaged communities.

• Environmental – to protect the environment and manage the business in an environmentally sensible way.

Me to We Video

• http://www.youtube.com/watch?v=1ilCOgD-Wyw&feature=related

CASE STUDY - Fifteen

• In pairs you are to read the case study provided and answer all questions? (15 mins)

• Once you have completed swap partners and compare your answers.

Homework

• What is a social Enterprise?• Why is it important for them to make a profit?• What is meant by Triple Bottom Line?• What social benefits do social enterprises

bring to local communities?

• Blog Duty –Student to discuss today's lesson, others to check and comment

NZ Social Enterprises

• Read the herald article and answer the questions that follow. (20 mins)