Social Enterprise

Question 1

What are social enterprises?

Answer 1

Organisations that aim to make a profit to benefit a specific group or causes e.g. big issue.

Question 2

Who are social enterprises controlled by?

Answer 2

A board of directors or paid managers.

Question 3

Who are social enterprises financed by?

Answer 3

Capital Investment or bank loans.

Question 4

What are the advantages of a social enterprise?

Answer 4

• Social aims can endear a social enterprise to other.
• Good quality employees who believe in the social ‘mission’ are attracted to the organisation.
• They are likely to receive government grants to due their positive impact on society.
• Assets lock mean that, should the enterprise be closed down, the sale of any assets and profits will be used to benefit their cause.