Difference between revisions of "Profit for purpose"

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Revision as of 09:35, 28 November 2019

1. Social enterprises and third sector.

The application of appropriate business disciplines and practices to enterprises with a social mission.

2. Traditional profit-seeking enterprises.

The channelling of a significant proportion of the profits of a traditional commercial enterprise, toward a mission to achieve social, community and environmental benefit.

Social enterprises are profit-seeking businesses that reinvest or donate their profits to make positive changes for disadvantaged individuals or communities.

By selling goods and services in the open market, social enterprises also aim to create employment. Social enterprises aim to tackle social problems, improve people’s life chances, provide training and employment opportunities for those furthest from the market, support communities and help the environment.

See also