Financing Social Enterprises Through Cash Waqf

2021 ◽  
pp. 214-227
Author(s):  
Nor Razinah Mohd. Zain ◽  
Najim Nur Fauziah ◽  
Habeebullah Zakariyah ◽  
Azman Mohd. Noor
Keyword(s):  
Business Model ◽  
Social Enterprise ◽  
Qualitative Methodology ◽  
Business Models ◽  
Islamic Law ◽  
Social Enterprises ◽  
The Social ◽  
Modern Business ◽  
Analytical Review ◽  
Research Findings

This research explores the potential of cash waqf in generating capital revenue in carrying out social-based investment through social enterprises. Looking closely into two different concepts (i.e., social enterprises and waqf), this research appreciates the understanding on the modern business model of social enterprise and the innovative version of religious social finance (i.e., cash waqf). Depending on qualitative methodology and analytical review, the discussion of this research is developed. These approaches are considered suitable and pragmatic for the suggested business model of social enterprise. Here, an innovative business model with a combination of social enterprise operation and cash waqf is introduced. It has the potential to stimulate further research to innovate religious social finance instruments to current and modern business models. This research proposes a business model of social enterprise that combines cash waqf in its operation for sake of generating capital revenue. Simultaneously, such a business model has the potential to expand the cash waqf in meeting social objectives of the social enterprise. As research findings, it is found that even though waqf is derived from a religious traditional philanthropic instrument, its innovative version of cash waqf can be utilised in generating capital revenue for social enterprises. As long as the required principles of cash waqf as provided under Islamic law is fulfilled, a combination of cash waqf in the operation of social enterprise can be carried out.

Applying Business Solutions to Social Problems

2017 ◽  
pp. 139-164
Author(s):  
Martyna Wronka-Pośpiech
Keyword(s):  
Business Model ◽  
Social Entrepreneurship ◽  
Social Enterprise ◽  
Business Models ◽  
Analytical Framework ◽  
Social Enterprises ◽  
Conceptual Level ◽  
For Profit ◽  
The Social ◽  
Case Based

Although research on social entrepreneurship has been expanding in recent years, the literature regarding business models in the context of social enterprises is still limited. This chapter explores the issues of business models in both profit and nonprofit contexts and discusses how value, being both the foundation and the overall outcome of the business model employed, is created. It begins with the background on the characteristics of social enterprises. This is followed by the conceptualization of business models and their components designed to account for their unique. Then a case to illustrate it is presented. The objective of the chapter is twofold. First, it is to analyse how nonprofit business models are different from its for profit counterparts (at the conceptual level) and to introduce relevant analytical framework. Secondly, the chapter aims at providing a case based on the particular model of a social enterprise in Poland (social co-operative) in order to investigate whatever the business models for profit firms could be applied in the social enterprises.

scholarly journals Using the Internet to Improve the Efficiency of the Social Enterprise Business Model

2020 ◽  
Vol 19 (3) ◽  
pp. 7-22
Author(s):  
Małgorzata Kurleto
Keyword(s):  
Business Model ◽  
Social Enterprise ◽  
Business Models ◽  
Social Enterprises ◽  
The Internet ◽  
Enterprise Strategy ◽  
Holistic Model ◽  
The Social ◽  
Use Of The Internet ◽  
The Impact

Background. Modern technologies, and the Internet in particular, play an essential role in the effective business model of every company. Due to the fact that social enterprises often take over business models from commercial enterprises, a question arises about their applicability in the use of the Internet in social business. The size of the social enterprise and having a strong leader in the organization should be taken into account. Research. The study identifies the increase of effectiveness of social enterprise business models through appropriate use of the Internet. The analysis attempts to demonstrate the relationship between business models and the social enterprise strategy, emphasizing the important role of the holistic model. The analysis is in­tended to show the importance of the business model in marketing and management. Methodology. The study is based on a literature analysis as well as in the empir­ical part on the results of the author’s research. The most important hypothesis of the study assumes that the direct effectiveness of using the Internet is positively associated with the effectiveness and success in creating social value. Findings. The results of analysis show that the impact of Internet efficiency was high in those social enterprises that used the appropriate business model. The efficiency of using the Internet is positively related to the size of the social enterprise and having a strong leader. JEL Codes: F69, M29.

Applying Business Solutions to Social Problems

2019 ◽  
pp. 783-808
Author(s):  
Martyna Wronka-Pośpiech
Keyword(s):  
Business Model ◽  
Social Entrepreneurship ◽  
Social Enterprise ◽  
Business Models ◽  
Analytical Framework ◽  
Social Enterprises ◽  
Conceptual Level ◽  
For Profit ◽  
The Social ◽  
Case Based

Although research on social entrepreneurship has been expanding in recent years, the literature regarding business models in the context of social enterprises is still limited. This chapter explores the issues of business models in both profit and nonprofit contexts and discusses how value, being both the foundation and the overall outcome of the business model employed, is created. It begins with the background on the characteristics of social enterprises. This is followed by the conceptualization of business models and their components designed to account for their unique. Then a case to illustrate it is presented. The objective of the chapter is twofold. First, it is to analyse how nonprofit business models are different from its for profit counterparts (at the conceptual level) and to introduce relevant analytical framework. Secondly, the chapter aims at providing a case based on the particular model of a social enterprise in Poland (social co-operative) in order to investigate whatever the business models for profit firms could be applied in the social enterprises.

Emerging role of for-profit social enterprises at the base of the pyramid: the case of Selco

2017 ◽  
Vol 36 (1) ◽  
pp. 97-108 ◽  
Author(s):  
Sandeep Goyal ◽  
Bruno S. Sergi ◽  
Amit Kapoor
Keyword(s):  
Business Model ◽  
Social Enterprise ◽  
Business Models ◽  
Clean Energy ◽  
Social Enterprises ◽  
Base Of The Pyramid ◽  
Strategic Choices ◽  
Content Type ◽  
For Profit ◽  
The Social

Purpose The purpose of this paper is to analyze and understand the business logic of the for-profit social enterprises targeting the basic needs of the base of the pyramid (BoP) segment. A case study of an organization offering clean energy solutions to the BoP segment has been used to illustrate the socio-economic business model of the for-profit social enterprises, which can serve the underserved needs of the BoP segment using an inclusive approach. Design/methodology/approach This paper analyses Selco, a social enterprise offering energy solutions to the low-income population in rural India. The qualitative case-based research involves the secondary data inputs from the online sources and primary data inputs from the field interviews with the different stakeholders at Selco. Findings The research findings recommend the following strategic choices for the social enterprises – focus on segmentation; field-based experimentation, innovation and prototyping; local skill-building and engagement; hybrid organizational setup; systemic behavior change orientation; customized value offerings; last-mile delivery and support; and collaboration with non-traditional stakeholders. Practical implications The lessons learnt through the analysis of Selco provide tools and strategies to enable the social enterprises to better understand their business model and make informed decisions resulting in the effective social interventions while remaining sustainable. The paper offers an actionable framework for creating an inclusive formal market ecosystem that is sustainable, scalable and socially relevant. Originality/value This study is an original contribution to the field of social entrepreneurship. It undertakes a field study of the social enterprise delivering inclusive energy solutions to the BoP segment in India. The study of Selco brings out the learnings regarding the key strategic actions, which can lead to sustainable business models for targeting the BoP segment in developing countries like India

scholarly journals Online feminist publications as social enterprises: Diversifying revenue streams through corporate social responsibility

2017 ◽  
Author(s):  
◽  
Kamila Jambulatova
Keyword(s):  
Focus Group ◽  
Social Enterprise ◽  
Business Models ◽  
Group Analysis ◽  
Social Enterprises ◽  
Editorial Content ◽  
Social Good ◽  
The Social ◽  
Revenue Streams ◽  
Corporate Social

This qualitative study examined how feminist online publications can adopt social enterprise business models. The focus group analysis of the audiences of Refinery29, Bustle, HelloGiggles, and Jezebel first explored the audience's outlook on the commodification of feminism. The focus group also considered plausible ways of adopting social enterprise initiatives to diversify revenue streams of these publications, continue promoting gender equality, and to better establish the images of the publications. During four focus groups, twenty total participants shared a variety of feedback, including their opinions on the commodification of the feminist movement and the commodification of editorial content. They talked about how their purchasing decisions are affected by their desire to contribute to the social good. Other themes identified during the study were white feminism, the trivialization of feminist content, and the importance of companies' policies.

scholarly journals Trust as a Key Factor in Shaping the Social Business Model of Water Supply Companies

2019 ◽  
Vol 11 (20) ◽  
pp. 5805 ◽  
Author(s):  
Jabłoński ◽  
Jabłoński
Keyword(s):  
Water Supply ◽  
Business Model ◽  
Business Models ◽  
Scientific Research ◽  
Social Enterprises ◽  
Social Business ◽  
The Social ◽  
Wide Range ◽  
Key Factor ◽  
Water Supply Company

The current principles of doing business differ radically from those that were applied a few years ago. Global economic crises have shown that business must have a more social character. This gave rise to the creation of management solutions that would guarantee the satisfaction of a wide range of corporate stakeholders. In this context, ideas based on social potential began to emerge. As a consequence, the concept of social business models was born, accompanied by an attempt to search for the best business models possible in order to build the appropriate configuration of their components. According to the authors, an attribute of trust may be such a component based on which effective social business models can be built. As water supply companies are social enterprises, they have become the object of scientific research in this case. The purpose of the article is to determine the position of trust in the construction and application of social business models of water supply companies. The scope of the article includes scientific research into water supply companies in the most industrial region of Poland, Upper Silesia, with the most extensive and dense water supply network in the country. In this article, the AHP (analytic hierarchy process) method was used to conduct research. The aim of the analysis was focusing on the issue of trust as a key factor in shaping the social business model of the company. In the questionnaires, respondents were asked to answer questions on the following issues: trust-based organizational behavior at the company; trust-based social capital at the company; trust-based relationships at the company; trust-based processes and activities at the company; trust-based risk at the company; and the trust-based business model at the company. The adopted logic of the scientific argument conducted indicates that trust and its place and role in the social business model of a water supply company have a significant impact on the social and economic performance of the water supply company, and as a consequence, on increased social responsibility towards stakeholders as well. Trust even stabilizes the organization and its business model; it is also a value catalyst and neutralizes the potentially negative impact of the organization on other entities gathered around it. Trust as a stabilizer can also affect the consistency and scalability of the social business model of a water supply company.

scholarly journals EUROPEAN DIMENSIONS OF THE SOCIAL ENTERPRISES AND DEVELOPMENT OF THE SOCIAL ENTREPRENEURSHIP IN BULGARIA

2017 ◽  
Vol 5 (10) ◽  
pp. 175-183
Author(s):  
Irina Atanasova
Keyword(s):  
Social Entrepreneurship ◽  
Social Enterprise ◽  
Business Models ◽  
Social Economy ◽  
Social Enterprises ◽  
The Other ◽  
The Social ◽  
Legal Foundations ◽  
Or Organization ◽  
The Eu

Social entrepreneurship has to be perceived in the context of social economy. It is the production, supply and / or organization of consumption of goods with a socially significant effect. The objectives of the paper are: to define the essence of the social entrepreneurship, its relation to the other business models and the social enterprise as an organizational subject of social entrepreneursh. The institutional framework and the legal foundations of these processes in the EU and Bulgaria have been outlined. Some specific problems - institutional, legal, economic are concerned and directions are given for solving them.

scholarly journals How COVID-19 has Affected Operations & Funding Relating to Social Enterprises in Birmingham

2021 ◽  
Author(s):  
S M Nazmuz Sakib
Keyword(s):  
Social Enterprise ◽  
Qualitative Methodology ◽  
Social Enterprises ◽  
Structured Interviews ◽  
Market Risks ◽  
The United Kingdom ◽  
The Social ◽  
The Government ◽  
Management Changes ◽  
The Impact

Social enterprises are very common in Birmingham having the largest concentrations of social enterprises in the United Kingdom. With the emergence of the Covid-19 pandemic, the operations and management of social enterprises in Birmingham has been greatly affected. This study seeks to analyse the impact of the Covid-19 pandemic on the operations and funding of social enterprises in Birmingham UK. In order to achieve this, the study is going to carry out a qualitative methodology in order to analyse the impact Covid-19 has had on social enterprises. The research is going to select relevant stakeholders through a non-purposive sampling criteria identifying individuals who have direct interest in the functioning of social enterprises. The relevant stakeholders will be expected to respond to semi structured interviews that are structured to evoke responses relevant to this area of research. The research realized that Social enterprises in Birmingham are a critical player in the economy of UK with many individuals depending on the social enterprise industry. In addition to that, the study realised that the Covid-19 pandemic exposed social enterprises to various financial and market risks. Moreover, social enterprises were forced to make a change in their organizational structure through cost management changes and offering alternative services. However, the government came in support through provision of grants and funding to boost the social enterprise economy.

scholarly journals Building Impact Businesses through Hybrid Financing

2015 ◽  
Vol 5 (2) ◽  
Author(s):  
Maximilian Martin
Keyword(s):  
Social Enterprise ◽  
Business Models ◽  
Rapid Development ◽  
Social Enterprises ◽  
Financial Sustainability ◽  
The Past ◽  
Organic Growth ◽  
The Social ◽  
Investment Capital ◽  
Funding Instruments

AbstractThe paper shows how social enterprises can be funded efficiently, and in ways that are compatible with their underlying business models, by combining both grants and different forms of investment capital. Financial sustainability remains one of the most pressing issues facing the social enterprise sector, despite rapid development over the past few decades. The paper sheds light on select funding instruments revealing how hybrid financing strategies can enable and enhance the organic growth of social enterprises and drive greater impact.

Social Enterprises as Integrative Resources, Strategies, and Models

2020 ◽  
pp. 12-37
Author(s):  
Paul Miesing
Keyword(s):  
Public Policy ◽  
Business Model ◽  
Social Enterprise ◽  
Business Models ◽  
Social Enterprises ◽  
Enterprise Strategy ◽  
Social Business ◽  
Basic Premise ◽  
Economic Problems ◽  
Core Competences

This chapter on “Social Enterprises as Integrative Resources, Strategies, and Models” provides the framework for the rest of this section and text. It first describes the global social and economic problems that neo-conservative orthodoxy and public policy have not been able to correct. That is followed by articulating the basic premise that enterprises that simultaneously pursue both financial and social objectives achieve greater impact. The next section presents characteristics of business models and social enterprises, along with a template to create a social business model. The “strategy tripod” integrates these strategy and organization aspects by considering the micro (enterprise resources and core competences), macro (national institutions), and mezzo (industry forces) levels of enterprise strategy. Last, 10 exemplars are provided that have synthesized these concepts to alleviate a variety of disparities in different countries. The conclusion provides general lessons, and Appendix A outlines the salient elements that a social enterprise plan should contain.

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