Sticking to the social mission: Microinsurance in bottom of the pyramid markets

2019 ◽  
Vol 44 (4) ◽  
pp. 209-219
Author(s):  
B Elango ◽  
Stephen Chen ◽  
Jim Jones
Keyword(s):  
Emerging Markets ◽  
Social Services ◽  
Social Enterprise ◽  
Social Enterprises ◽  
Bottom Of The Pyramid ◽  
Social Mission ◽  
The Social ◽  
Bop Markets

The purpose of this article is to understand what drives social enterprises in bottom of the pyramid (BOP) markets to stick to or drift away from their social mission. Based on an analysis of 192 microinsurance operators in 26 emerging markets, we find that (1) when donors are involved in the operations of the social enterprise, this leads to a greater commitment to the social mission and (2) social enterprises located in countries with poorly performing governments tend to have a lower commitment to their social mission. Given the need for social services in such countries, we offer some suggestions to increase the chances of social enterprises staying committed to their social mission.

Passionate Leaders in Social Entrepreneurship: Exploring an African Context

2015 ◽  
Vol 57 (3) ◽  
pp. 481-524 ◽  
Author(s):  
Sara Thorgren ◽  
Adesuwa Omorede
Keyword(s):  
Social Enterprise ◽  
Social Needs ◽  
Social Enterprises ◽  
Sub Saharan Africa ◽  
Hiv Care ◽  
Social Mission ◽  
The Social ◽  
Sub Saharan ◽  
Private Entrepreneurs ◽  
Enterprise Leader

Nonstate actors such as social enterprises are increasingly influential for addressing pressing social needs in sub-Saharan Africa. Moving responsibility from the state to private entrepreneurs calls for a greater understanding of how single individuals achieve their social mission in a context characterized by acute poverty and where informal institutions, such as trust and collective norms, are strong governance mechanisms. This study recognizes the role of leader passion as a key element for gaining people’s trust in the social enterprise leader and the social mission. Qualitative data were collected on 37 leaders of Nigerian social enterprises in arenas such as health, women’s rights, children’s rights, AIDS/HIV care and education, and sustainable development. Drawing on 100 semistructured interviews, the authors develop an inductive model illustrating how leader passion interrelates with the social enterprise organizing and outcomes.

Essay Gifts: gifting for greater good

2016 ◽  
Vol 6 (4) ◽  
pp. 1-32
Author(s):  
Sarah Babb ◽  
Tina Retief ◽  
Geoff Bick
Keyword(s):  
Emerging Markets ◽  
Emerging Market ◽  
Cape Town ◽  
Marketing Strategies ◽  
Social Enterprises ◽  
Social Entrepreneur ◽  
Local Market ◽  
Content Type ◽  
Social Mission ◽  
The Social

Subject area The subject areas are marketing, entrepreneurship, strategy or organisational design, operating in emerging markets and social entrepreneurship. Study level/applicability The study is applicable to MBA students, masters-level students and students of executive education. Case overview The case outlines the context and current decisions and dilemma facing Essay Gifts, which is a successful enterprise based in Cape Town, South Africa, supplying a local market in corporate gifting since 2006. The emerging market is facing economic decline and rising unemployment sitting at 25 per cent and up to 48 per cent in the youth market. After seven years of operating from a home-based office, Beatrice has moved into an office block in an upcoming area in Cape Town as they anticipate bullish targets for the upcoming year. The decision facing her now is whether to also sign a lease for a vacant retail shop downstairs from her office to sell ready-made gifting solutions. To meet the social mission, Essay Gifts is using township-based suppliers to develop the products, and this is proving an often unreliable and inconsistent source of supply and the current orders may not even be met at this particularly busy end-of-year period. How does Beatrice scale the business and what business is she in after all? Is she an entrepreneur, striving to increase the size of her business and her revenue, or is she a social entrepreneur creating employment opportunities for others? Expected learning outcomes The paper enables to identify the determining features of a social enterprise and the dynamics involved in balancing the social and commercial missions; understand the complexities of entrepreneurial operations in emerging markets; identify scaling up and strategic growth strategy options for social enterprises and small and medium-sized enterprises; and distinguish entrepreneurial marketing strategies in contrast with traditional marketing strategies. Supplementary materials Teaching notes are available for educators only. Please contact your library to gain login details or email [email protected] to request teaching notes. Subject code CSS 3: Entrepreneurship.

scholarly journals The Evaluation Model on an Application of SROI for Sustainable Social Enterprises

2020 ◽  
Vol 6 (1) ◽  
pp. 7 ◽  
Author(s):  
Dong-Joo Kim ◽  
Yong-Seung Ji
Keyword(s):  
Social Services ◽  
Return On Investment ◽  
Social Enterprise ◽  
Process Analysis ◽  
Evaluation Model ◽  
Social Enterprises ◽  
The Social ◽  
Community Contribution ◽  
Newly Hired ◽  
Vulnerable Workers

The evaluation of social enterprises has been criticized for not being able to reflect the positive social aspects of the company through the financial evaluation. SROI (Social Return on Investment) is a social concept applied to the measurement of economic return on investment that aims to measure the social added value of social enterprises and reflect them in their performance. It is necessary to research for the provision of support and management for sustainable social enterprises, and to prepare a method for evaluating social enterprise by applying SROI. The Delphi 1st and 2nd surveys for the development of evaluation model for social enterprises using SROI were conducted by 50 social enterprise CEOs and experts. To produce the results of this study, the SPSS 20.0, AMOS 24 and Expert Choice 11 programs were used and the pairwise comparison analysis method was performed to analyze importance and priority. The results of the Delphi and AHP (Analytic Hierarchy Process) analysis showed that employment was the most important factor in social enterprises with the highest share of newly hired personnel. Employment-type social enterprises have the highest priority in terms of employment, income (income increase for vulnerable workers), and community contribution (affordable of social services), while the social service type was in order of employment, community contribution, and income (income increase for the vulnerable workers). On the other hand, the mixed type was employment (newly hired personnel), income (income increase of vulnerable workers), employment (social work participants’ switch to similar work after contract expiration), and community contribution (affordable of social services). This study makes efforts to form social capital by raising the public’s awareness of social value with efficient management through various evaluations of social enterprises and the emergence of various social enterprises. This study also emphasizes the need to better understand social enterprises as a multi-scholar and multi-dimensional organization that includes a multi-faced mechanism of social, economic, and environmental community development, away from understanding social enterprises as a specific business model.

scholarly journals Corporate governance practices and outcomes in social enterprises in the UK

2015 ◽  
Vol 28 (1) ◽  
pp. 57-71 ◽  
Author(s):  
Walter Mswaka ◽  
Olu Aluko
Keyword(s):  
Social Enterprise ◽  
Social Enterprises ◽  
Content Type ◽  
Social Mission ◽  
The Social ◽  
Depth Analysis ◽  
Governance Models ◽  
The Uk ◽  
Enterprise Governance ◽  
The Impact

Purpose – The purpose of this paper is to explore the growth of social enterprise in the UK in the context of the renewed interest in the creative use of organisations with a social mission to complement public service delivery. Given the impact of globalisation and increased demands for effective social welfare interventions, this paper specifically focuses on the nature and type of social enterprise governance models and how they influence their outcomes. Design/methodology/approach – The study utilises a mixed method approach involving the complementary use of quantitative and qualitative data collection methods. Findings – The paper finds that the way in which the social enterprise governance structure is designed ultimately influences its outcomes. In particular, those with stewardship governance models tend to perform better than those with democratic models of governance. This leads to a conclusion that in the social context of the UK, social enterprise should aim for a paradigm shift in the design and selection of governance models. Research limitations/implications – Comparative regional experiences in other regions or social contexts could enrich our understanding of whether these results are applicable across the board. Practical implications – This paper is of potential benefit to researchers and particularly those designing policies for the governance of social enterprise. Originality/value – The study employs innovative analytical theoretical lenses not normally associated with the social economy, namely agency, stewardship and resource dependency theories to provide a more in-depth analysis of the governance of contemporary social enterprise.

scholarly journals SUPPORT STRUCTURES FOR THE DEVELOPMENT OF SOCIAL ENTREPRENEURSHIP

2019 ◽  
Vol 29 (1) ◽  
pp. 21-25
Author(s):  
Venelin Terziev ◽  
Natalia Bekiarova ◽  
Marin Georgiev
Keyword(s):  
Social Services ◽  
Social Entrepreneurship ◽  
Social Enterprise ◽  
Social Inclusion ◽  
Social Economy ◽  
People With Disabilities ◽  
Social Enterprises ◽  
Persons With Disabilities ◽  
The Social ◽  
The One

In the last decade the concept of development and promotion of social economy and social entrepreneurship are part of EU policy to tackle the social exclusion of persons in a vulnerable position. Also, the model of social economy is one of the key instruments for achieving social objectives within the framework of the sustainable and inclusive growth. Social benefits are measured by integration and employment of disadvantaged people, the contribution to the process of social inclusion of other vulnerable people, and the economic indicator is expressed by saved public funds for social welfare, on the one hand, and the additional funds compensating the social costs of long-term unemployment. What is important to happen is to create suitable conditions for the development of social enterprises with the widest possible range - vulnerable groups themselves and their problems are diverse and different, and the "answer" to their needs must be flexible in order to be efficient and effective; "way to solutions" is not important (the path may be different, as are diverse and vast opportunities for economic initiatives) that leads to the result itself, the result is important - better integration and sustainable tackling of social exclusion.The Economic and Social Council of the Republic of Bulgaria (ESC) believes that social enterprises in Bulgaria are still an untapped business model. Current social enterprises are mainly non-governmental organizations by applying the relevant legislation creating social enterprises whose business is focused on the realization of the social purpose and mission of the organization. Social enterprises in Bulgaria operate in various sectors, the most serious part are in: the delivery of social services; providing jobs for people with disabilities; mediation in finding employment of unemployed persons; provision of health services; аctivities in the field of education and others.In realizing these activities the leading is not the end product but the achieved social effect on individuals themselves expressed in obtaining the necessary support to integrate into society. In this sense, there are three basic models of social enterprises: The most common model is the one that creates jobs and develops the workforce. By business jobs are created primarily for people with disabilities. Most often the social enterprise is the employer of people with disabilities in order to achieve the integration of persons with disabilities in the labor market and create conditions for a better life. Another popular model of a social enterprise is the one in which the enterprise produces goods and seeks markets, also engaging with their distribution. Most often social enterprises involve persons with disabilities in the form of occupational therapy involved in the production of certain goods. Existing social enterprises in Bulgaria within this model are engaged in the manufacture of certain products by persons who are unemployed or socially excluded. The aim is to enable them to work and improve their social inclusion. The third existing model in Bulgaria is related to the provision of social services generally through payment of external customers, while social enterprise provides social services to its members. Payment is under contract with the state or a municipality. Within this model, services are provided to different users paid directly to social enterprise for direct service.

scholarly journals THE FINTECH FOUNDATIONS BASED ON SOCIAL ENTERPRISES PHILOSOPHY TO CREATE BETTER SOCIETY IN GO-JEK COMPANY

2019 ◽  
Author(s):  
Jerry Lamat
Keyword(s):  
Social Enterprise ◽  
Social Enterprises ◽  
Social Mission ◽  
Digital Era ◽  
Parent Organization ◽  
The Social ◽  
Combining Information ◽  
Financial Technology

In the digital era of internet, there are so many financial technology (fintech) popping up now for the example Go-Jek company with one of their product called as Go-Pay is one of the popular fintech in Indonesia. This paper introduce about fintech foundations in Asia with social enterprise philosophy. Some company only things for the revenue and how many customers who interested on use the application for doing the transaction, for users who interested on the social mission of the company. By combining information from the founder and user (took examples of people who sometimes use application fintech like Go-Pay how important the implementation enterprises for the parent organization Go-Jek).

scholarly journals SOCIAL ENTERPRISES AND THEIR IMPACT IN BULGARIA

2019 ◽  
Vol 30 (6) ◽  
pp. 1645-1649
Author(s):  
Venelin Terziev ◽  
Nikolay Nichev ◽  
Marin Georgiev
Keyword(s):  
Social Services ◽  
Social Enterprise ◽  
People With Disabilities ◽  
Social Enterprises ◽  
Persons With Disabilities ◽  
Governmental Organizations ◽  
Non Governmental Organizations ◽  
The Social ◽  
The Republic ◽  
The One

The Economic and Social Council of the Republic of Bulgaria (ESC) believes that social enterprises in Bulgaria are still an untapped business model. Current social enterprises are mainly non-governmental organizations by applying the relevant legislation creating social enterprises whose business is focused on the realization of the social purpose and mission of the organization. Social enterprises in Bulgaria operate in various sectors, the most serious part are in: the delivery of social services; providing jobs for people with disabilities; mediation in finding employment of unemployed persons; provision of health services; аctivities in the field of education and others.In realizing these activities the leading is not the end product but the achieved social effect on individuals themselves expressed in obtaining the necessary support to integrate into society. In this sense, there are three basic models of social enterprises:The most common model is the one that creates jobs and develops the workforce. By business jobs are created primarily for people with disabilities. Most often the social enterprise is the employer of people with disabilities in order to achieve the integration of persons with disabilities in the labor market and create conditions for a better life.Another popular model of a social enterprise is the one in which the enterprise produces goods and seeks markets, also engaging with their distribution. Most often social enterprises involve persons with disabilities in the form of occupational therapy involved in the production of certain goods. Existing social enterprises in Bulgaria within this model are engaged in the manufacture of certain products by persons who are unemployed or socially excluded. The aim is to enable them to work and improve their social inclusion.The third existing model in Bulgaria is related to the provision of social services generally through payment of external customers, while social enterprise provides social services to its members. Payment is under contract with the state or a municipality. Within this model, services are provided to different users paid directly to social enterprise for direct service.

Brownies & Downies: coffee, culture and community: a social innovation that supports the intellectually disabled

2018 ◽  
Vol 8 (1) ◽  
pp. 1-15
Author(s):  
Jonathan Marks ◽  
Karen Hidden
Keyword(s):  
Intellectual Disability ◽  
Social Enterprise ◽  
Business Models ◽  
Cape Town ◽  
Social Enterprises ◽  
Intellectually Disabled ◽  
Content Type ◽  
Social Mission ◽  
The Social

Subject area Entrepreneurship; Social entrepreneurship. Study level/applicability Graduate level. Case overview This paper, The Brownies & Downies case study, aims to examine a social enterprise that provides employment, training and job placements for people with intellectual disability within a trendy artisanal coffee shop in Cape Town, South Africa. The business is based on a similar establishment (same name) in The Netherlands and was brought to Cape Town by Wendy Vermeulen, a Dutch national who completed a social development internship in Cape Town. The case is located within the field of social enterprise with a particular focus on the tension between purpose and profit and the pressure and challenges of replication, growth and scale/expansion. The protagonist in the case is Wade Schultz, Wendy’s business partner, who is grappling with how to not only remain true to the social purpose of the business but also turn a profit in the pressured and competitive coffee industry. He is further challenged by deciding whether to expand the existing training business into other sectors or seek a replication model in other South African cities as a means of growing revenue and increasing the social impact. Expected learning outcomes The key learning from this case study are as follows: First, intellectual disability is a hidden form of disability, often misunderstood and subject to prejudice and discriminatory hiring practices. Intellectual disability exists on a scale – some individuals are able to work outside of pretexted or sheltered workspaces. Greater effort is required within open workplaces to sensitive staff to working with/alongside intellectually disabled people. This case illustrates a social enterprise model that seeks to bridge the gap between sheltered workspaces and open workspaces. Second, most social enterprises grapple with the tension between profit and purpose; this case presents a company that is living this dilemma. The importance of remaining true to purpose needs to be balanced carefully against becoming economically self-sufficient; however, the pursuit of profits should not happen at the cost of social mission. Alternate business models are a mechanism to building revenue to support the social objective. Supplementary materials Teaching Notes are available for educators only. Please contact your library to gain login details or email [email protected] to request teaching notes. Subject code CSS: 3: Entrepreneurship.

scholarly journals SUSTAINABILITY AND ACCOUNTABILITY OF SOCIAL ENTERPRISE

2017 ◽  
Vol 16 (2) ◽  
pp. 181
Author(s):  
Nur Hayati Ab Samad ◽  
Roshayani Arshad ◽  
Siti Haliza Asat ◽  
Nawal Kasim
Keyword(s):  
Social Enterprise ◽  
Technical Aspect ◽  
Social Enterprises ◽  
Annual Reports ◽  
Financial Responsibility ◽  
Social Mission ◽  
Sustainability Index ◽  
The Social ◽  
The Future ◽  
Relevant Factors

Sustainability and accountability are pervasive issues for social entrepreneurial non-profit organisations (NPOs), which are also known as social enterprises as they seek to balance their social mission with financial responsibility. With the increased in the scope and size of the social enterprise, there is also increased need for accountability and organisational sustainability. Thus, in order to successfully fulfil these needs, social enterprises need to identify the relevant factors of sustainability that relates closely with accountability and organisational performance. This study aims to examine the extent social enterprise’s sustainability based on the factors identified using self-constructed sustainability index. The four main factors are leadership capacity, adaptive capacity, management and technical capacity and financial viability. Content analysis was used to measure the sustainability index from the information disclosed in the annual reports by 210 organisations registered under the Registry of Societies (ROS) in Malaysia for the year 2010. Findings from the study indicates that most of the social enterprises are aware that effective leadership is vital for organisational sustainability. However, management and technical aspects tend to be neglected possibly due to lack of adequate resources and facilities to adapt to current changes. Overall, this study highlights that in order to survive in the future, the social enterprise need to appropriately address relevant factors that influence financial accountability and organisational sustainability especially on management and technical aspect in order to survive in the future.

scholarly journals Kewirausahaan Sosial: Studi Kasus PT Kampung Kearifan Indonesia (Javara Indigenious) dan Remaja Mandiri Community (RMC)

2020 ◽  
Vol 5 (2) ◽  
pp. 122
Author(s):  
Maria Dafrosa Naru
Keyword(s):  
Social Entrepreneurship ◽  
Product Innovation ◽  
Social Enterprise ◽  
Social Innovation ◽  
Social Enterprises ◽  
Social Mission ◽  
The Social ◽  
Governance Practices ◽  
Research Questions ◽  
Farming Industry

Kewirausahaan Sosial: Studi Kasus PT. Kampung Kearifan Indonesia Dan Remaja Mandiri Community   Maria Dafrosa Naru.1, Aluisius Hery Pratono.2 Fakultas Bisnis dan Ekonomika, Universitas Surabaya, Surabaya, Indonesia [email protected], [email protected]     Abstract This article seeks to understand the principle of social enterprises by exploring the two case studies in Indonesia. This study adopts qualitative approach by exploring two organizations, which aim to promote sustainable farming industry. The findings address four research questions, including how the social enterprises set their social mission, how they develop product innovation, how the governance practices within their organization, and how they promote fair trade. This article extends the discussion for the emerging concept of social enterprise by highlighting the social mission and social innovation.   Keywords: Social entrepreneurship, social mission, product innovation, governance, fair business.  

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