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Understanding the Dynamic Business Environment and Social Enterprise Importance

Explore the dynamic nature of business environments and the significance of social enterprises with a focus on their objectives, components, and triple bottom line. Learn through case studies and discussions to understand the impact on local communities.

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Understanding the Dynamic Business Environment and Social Enterprise Importance

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  1. 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?

  2. Social Enterprise

  3. 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.

  4. 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.

  5. Me to We Video • http://www.youtube.com/watch?v=1ilCOgD-Wyw&feature=related

  6. 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.

  7. 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

  8. NZ Social Enterprises • Read the herald article and answer the questions that follow. (20 mins)

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