Social enterprise Essay Example | Topics and Well Written Essays - 2000 words

Social enterprise - Essay Example The enterprises must ensure collaboration and implement competitive strategies that will ensure sustainability in providing high quality products and services to their stakeholders. The enterprises must remain committed to their strategies bottom lines of improving social and environmental welfare of the society. In addition, national government agencies must support their activities through favorable regulatory framework. Social enterprises aim at attaining both commercial and social goals. In this case, a social enterprise whether for-profit or non-profit organization will strive to attain social, cultural, economic and environmental outcomes through redirecting the surplus towards the pursuit of environmental and social goals (Paton 2003). The businesses range from credit unions, community centers, and companies that engage in solving societal problems such as producing renewable energy (Doherty 2008). Social enterprises can take the form of community interest company (CIC) whereby the social mission of the organisation is regulated or industrial and provident society (IPS) which is co-operative that is democratically controlled by the members for the benefit of the society (Ridley-Duff and Bull 2011). Another form is the companies limited by shares or guarantee whereby the memorandum of association outlines how the profits will be channeled towards social causes. The fourth is the group structures that have charitable status whereby companies engage in charitable activities in order to enjoy tax benefits (Doherty 2008). Unlike commercial enterprises that focus on profit maximisation, the social enterprises have limited access for debt financing and attain most of their financing from grants such as trusts and foundations (Doherty 2008). Other sources of financing include community finance from credit unions, equity finance from the

Ethics in Business & Socity Essay Example | Topics and Well Written Essays - 2000 words

Ethics in Business & Socity - Essay Example Unfortunately, analysis has indicated that individuals, as well as organisations and even states have begun to overlook the importance and most important, application of ethics in their different processes and procedures, and most importantly, this initiative is observable on global level that has resulted in huge amount of debates regarding role of ethics in different components of the societies. This paper is part of the same debate that will identify one of the ethical dilemmas in business, and will include efforts to discuss a non-religious ethical theory while endeavoring to understand such dilemma in light of the identified ethical theory. Likewise every field, business world practice its own range of ethics, and such rules of ethics facilitate individuals to make decisions during different situations and challenges. It is an observation that usually factors of self-profit, cultural discrimination, selfishness, etc exist when it comes to ethical dilemmas, and thus, it is very important that business organisations should make efforts to resolve ethical dilemmas before they transform into conflicts, and subsequently, global issues. In this regard, a huge number of organisations have been creating their own set of ethical standards to enable individuals in effective decision-making; however, unfortunately, ethical conflicts continue to exist and ethical guidelines have now become a part of company records rather than a notion of practical implementation. In particular, experts believe that â€Å"business ethics is a set of principles and ideologies that offer understanding and methodology to earn fair income in the busi ness organisations† (Crane, pp. 23-28, 2007). Although a number of philosophers (Furrow, pp. 20-41, 2005) have argued over the fact of encouraging morality and fairness in the business field, however, as the societies developed, the humans on public level began to accept their consciousness about the importance of morality