Lesson 3Social Business

Topics

Basis of Social Business concept

What is Social Business Social Businesses vs.

other organizations

Basis of Social Business concept

Aim: bringing social changeMeans: profit

Triple bottom:PersonPlanetProfit

What is Social business

One goal: using business methods to reach social aims

Two traditions:- Anglo-Saxon

- European (continental)

Three dimensions:- Entrepreneurship

- Social- Management

Entrepreneurship indicators:- Market activities

- Paid labour

Social indicators:- Social aims defined

- Target groups defined

Management indicators:- Regulated distribution of profit

-Asset lock- Autonomy

- Inclusive management- Transperancy

Social business vs. Other organizations

Social business vs. NGO- Profit activities

- Clients- Market

- Long-term planning

Social business vs. Traditional business

- Clear social aim- Scope

- Financial resources- Motivation- Investment

Social business vs. Traditional business

- Interested parties- Risk

- Private capital- Management- Innovations

- Social impact

Social business vs. Social enterprise- Main aim- Concept

- Social impact

Social business vs. Corporate Social responsibility

- Main aim

Social business vs. Public company

- Definition- Goal

- Independence