Paper 4 Socially Oierented BMC Flashcards
What 2 blocks are added?
- The social and environmental cost of a business model
- The social and environmental benefits of a business model
Three challenges and one paradox for social enterprises
- The strategy challenge
- The legitimacy challenge
- The governance challenge
The mission measurement paradox
The strategy challenge
This challenge addresses the integration and balance of public and private value. Social and economic goals are both important for SE’s
The legitimacy challenge
SE’s need to be perceived as trustworthy and accountable.
The governance challenge
Governance defines systems and processes concerned with direction, control and accountability. It determines for what and whom an organization is accountable.
The mission measurement paradox
This paradox refers to the disconnect between mission, objectives, and impact measurement .
Mission drift
Mission drift
Deviate from the normative mission and to be more inclined to ‘follow the money’ by prioritizing a strategy aimed at maximizing resources.