scholarly journals Organizational form and pro-social fantasy in social enterprise creation

2019 ◽  
Vol 73 (1) ◽  
pp. 94-123 ◽  
Author(s):  
Kate Kenny ◽  
Helen Haugh ◽  
Marianna Fotaki
Keyword(s):  
Social Work ◽  
Social Enterprise ◽  
Organizational Form ◽  
Social Entrepreneurs ◽  
For Profit ◽  
Community Interest ◽  
Future Viability ◽  
Enterprise Creation ◽  
Advance Knowledge

Why do social entrepreneurs retain their faith in social entrepreneurship despite the organizational tensions and anxieties inherent to this field of practice? In this article, we employ the psychoanalytic concept of fantasy to advance knowledge on social enterprise creation. The research analyses qualitative data relating to the adoption of the Community Interest Company, a bespoke organizational form for social enterprise. We argue that social entrepreneurs adopt a specific organizational form because it represents a fantasmatic object that supports their desire for pro-social work. This fantasmatic form appears to temporarily neutralize tensions and anxieties while preserving attachments to pro-social ideals. Our first contribution is to extant research on the role of fantasy in social enterprise. Specifically, we elucidate how social enterprise creation is riven with fantasy-laden attachments to ideals of pro-social work that promise to counteract concerns about future viability as well as competing social and for-profit missions. Our second contribution is to highlight the role that organizational form choice plays in effectively managing such tensions and anxieties as it provides a robust anchor for pro-social desires. Fantasmatic attachments to pro-social work and organizational form thus emerge as integral to social enterprise creation.

Truth revealed: Challenging the mythical narrative of the low-profit limited liability company

2021 ◽  
Author(s):  
Sonia J. Toson
Keyword(s):  
Critical Analysis ◽  
Social Enterprise ◽  
Limited Liability ◽  
The Body ◽  
Business Community ◽  
Accurate Information ◽  
Limited Liability Company ◽  
Social Entrepreneurs ◽  
Form Analysis ◽  
Community Interest

This article reviews the body of literature concerning low-profit limited liability companies and conducts a critical analysis of the “flaws” frequently cited in the literature as problematic within the form. Analysis of the low-profit limited liability company (L3C) is conducted in the larger, global context of social enterprise, with emphasis on the social purpose company of Belgium and the community interest company of the United Kingdom as points of comparison. Findings demonstrate that the most commonly stated criticisms of L3Cs are in fact inaccurate. A deeper critical analysis of the form reveals that this choice of entity is advantageous on several levels for both social entrepreneurs and private charitable foundations. This piece furthers the literature by dispelling the myths surrounding L3Cs, providing counterarguments to the existing criticisms of the form and providing the business community with accurate information regarding the benefits of L3Cs for social enterprise.

Social Enterprise Law

2017 ◽  
Author(s):  
Dana Brakman Reiser ◽  
Steven A. Dean
Keyword(s):  
Social Enterprise ◽  
Social Enterprises ◽  
Social Entrepreneurs ◽  
Bottom Line ◽  
Social Mission ◽  
For Profit ◽  
Benefit Corporation ◽  
Benefit Corporations ◽  
Contingent Convertible Debt ◽  
Legislative Changes

Social Enterprise Law presents a series of audacious legal technologies designed to unleash the potential of social enterprise. Until now, the law has been viewed as an obstacle to social entrepreneurship, too inflexible to embrace for-profit businesses with a social mission at their core. Legislators have poured resources into creating hybrid corporate forms such as the benefit corporation to eliminate barriers to the creation of social enterprises. That first generation of social enterprise law has not done enough. The authors provide a framework for future legislation to do what benefit corporations have not: create durable commitments by social entrepreneurs and investors to balance financial gains and social mission by putting a speed limit on profits. They show how sophisticated investors need not wait for the advent of these legislative changes, outlining a contingent convertible debt instrument that relies instead on financial engineering to build trust between those with capital and those ready to use it to nurture a double bottom line. To allow social enterprises to harness the vast power of the crowd, they develop a tax regime that would provide crowdfunding platforms the means to screen the commitment of for-profit startups. Armed with these tools of social enterprise law 2.0 and the burgeoning metrics of measuring public benefit, entrepreneurs and investors can navigate even the turbulent waters of exit without sacrificing mission, so that a sale need not mean selling out.

How social entrepreneurs learn new skills? The role of social economy support centres in supporting know- how development.

2021 ◽  
Vol 8 (2) ◽  
pp. 35-43
Author(s):  
Martyna Wronka-Pośpiech ◽  
Keyword(s):  
Social Economy ◽  
Social Enterprises ◽  
Social Entrepreneurs ◽  
Non Profit ◽  
Know How ◽  
For Profit ◽  
Key Factor ◽  
Modern Business ◽  
The Many

The modern business model means that, regardless whether for-profit or non-profit, an organization should have both the willingness and the ability to learn and develop. Nowadays social enterprise has emerged as a key factor in efforts to address the many complex issues facing the world today. Its focus on providing a benefit to society as a whole rather than just the owners of the enterprise make it ideal for addressing the global concerns of the environment, healthcare, education, economic growth, and poverty alleviation. This article demonstrates specific examples on how Social Economy Support Centres create policy programmes for social enterprises and support their legal, financial and know-how development.

scholarly journals The New Regulatory Regime for Social Enterprises in Canada: Potential Impacts on Nonprofit Growth and Sustainability

2021 ◽  
Author(s):  
O'Connor Pauline
Keyword(s):  
Social Enterprise ◽  
Organizational Form ◽  
Voluntary Sector ◽  
Social Enterprises ◽  
Social Goals ◽  
Regulatory Regime ◽  
For Profit ◽  
Working Paper

Social enterprises are organizations that operate in the marketplace as a business, but pursue social, cultural, environmental or societal goals. Since the concept of ‘social enterprise’ first emerged 30 years ago (DeFourny & Nyssens 2010), the term has come to be applied to a group of widely hetero0genous organizations. However, they all sit at the junction of the nonprofit and for-profit sectors. Some of the types of organizations now called social enterprises existed well before the term ‘social enterprise’ was conceived – Canada’s Canadian Goodwill Industries, for example. Increasingly, however, the group of new and old organizations that blend business with social goals is being seen as a distinct new “identifiable and viable organizational form” (Elson & Hall 2010). Keywords: CVSS, Centre for Voluntary Sector Studies, Working Paper Series,TRSM, Ted Rogers School of Management Citation:

scholarly journals Social enterprise: Bridging the gap between the statutory and third sector

2019 ◽  
Vol 20 (2) ◽  
pp. 80-89 ◽  
Author(s):  
Elizabeth Mary Heyworth-Thomas ◽  
Rosalind Jones
Keyword(s):  
Social Enterprise ◽  
Third Sector ◽  
Social Enterprises ◽  
Future Research ◽  
Social Entrepreneurs ◽  
Support Provision ◽  
Vulnerable Communities ◽  
Start Up ◽  
Research Analysis

This article contributes to research of vulnerable communities and investigates the role of social enterprise created or saved from closure by social entrepreneurs affected personally by a life-changing event, in the context of stroke survival. Qualitative research is deployed to investigate the ways in which social enterprise supports survivors of stroke and their caregivers. Research analysis identifies start-up motives and challenges faced by social entrepreneurs and highlights how social enterprise can bridge the gap in support provision provided by the statutory and third sectors. Involvement in stroke clubs was found to be a key positive contributor to participants’ life after stroke. This study has found that those who become social entrepreneurs after a life-changing event exhibit altruistic behaviours, while engagement between these social enterprises and this vulnerable group created specific benefits for vulnerable individuals and their caregivers, highlighting the potential for social enterprise to bridge the gap between statutory and third sectors which is currently overlooked in existing policy provision. The article concludes by making detailed recommendations for future research in this context and for governments and policymakers.

scholarly journals Fitting Social Enterprise for Sustainable Development in Vietnam

2021 ◽  
Vol 13 (19) ◽  
pp. 10630
Author(s):  
Minh Hieu Thi Nguyen ◽  
Darrin James Hodgetts ◽  
Stuart Colin Carr
Keyword(s):  
Cultural Values ◽  
Emerging Economies ◽  
Social Enterprise ◽  
Social Enterprises ◽  
Social Entrepreneurs ◽  
For Profit ◽  
Policy Responses ◽  
Not For Profit ◽  
Organisational Structures ◽  
Societal Problems

Drawing on aspects of both commercial and not-for-profit organisational structures, social enterprises strive to become financially sustainable in order to support efforts to address various societal problems, including poverty and socio-economic exclusions. This study documents the experiences of 20 social entrepreneurs regarding the fit between their leadership practices, social enterprises and the Vietnamese societal ecosystem. Results from semi-structured go-along interviews foreground the importance of fit between the societal eco-system, key cultural values and relational practices, entrepreneur leadership and the structure and functioning of social enterprises in achieving their pro-social missions. This article contributes to emerging literature on the sustainability of social enterprises in emerging economies and is currently being drawn upon in the development of policy responses in Vietnam.

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