6 R1.T2 – Module 4: Solutions to environmental problems through social entrepreneurship ü These people have a vision and a mission, and they organize their business in such a way so as to realize this social vision and mission through innovative solutions ü These innovative solutions must engage in a continuous activity of production and/or exchange of goods and/or services ü This social vision and mission are the social enterprise’s priorities over economic profit ü The structure and organization of social enterprises is based up on joint and collective activities and democratic decision-making processes ü Enterprises that fall under this category are operating autonomously without being affiliated to public or for-profit organizations ü Through social entrepreneurship It is envisaged that a surplus is created that benefits the community ü Social entrepreneurship causes social Impact which should be measured accurately and constantly Additional information If you want to fully understand the key elements that constitute social entrepreneurship, please read the following article about Social Entrepreneurship Dummies Video Watch this interesting video that summarizes the key pillars of Social Entrepreneurship “Did you know?” Many typologies have been proposed for the classification of social enterprises based on a variety of factors, such as such as purposes, organizational features, origins, development paths, institutional factors, resources etc. The most known social enterprise models are: i) Entrepreneurial non-profit model (ENP); ii) Social cooperative model (SC); iii) Social business model (SB); and iv) Public sector social enterprise model (PSE). The European Commission identifies the following types of social enterprises: a) Those for which the social or societal objective of the common good is the reason for the commercial activity, often in the form of a high level of social innovation, b) Those whose profits are mainly reinvested to achieve this social objective, c) Those where the method of organization or the ownership system reflects the enterprise's mission, using democratic or participatory principles or focusing on social justice source: European Commission (2015). A map of social enterprises and their ecosystems in Europe. Retrieved from: http://ec.europa.eu
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