GENERAL KNOWLEDGE

Detailed explanation-1: -A social enterprise refers to a business with certain social objectives as its primary goal while using a commercial structure to run the organization. Social enterprises usually attempt to make a strong societal impact while maximizing their profit as well, which is then used to fund their social programs.

Detailed explanation-2: -3 Different Types of Social Enterprise Business Models Community interest companies. Community enterprises and co-operatives.

Detailed explanation-3: -A “social enterprise” is an advocacy-led organisation running on a private business model, a private limited company with a social purpose, operated towards fulfilling a certain goal that’s primarily driven not by a “market” or by consumer demand, but by the needs and welfare of society.

Detailed explanation-4: -As such, innovation is seen as fundamental to social entrepreneurship, defined here as entrepreneurial activity undertaken for a social purpose, changing the way that social needs are addressed. In contrast, social enterprise repre-sents a business established for a social purpose, to create positive social change.

Detailed explanation-5: -A CONCEPTUAL FRAMEWORK. Social Enterprises. Social enterprises have developed from and within the social economy sector, which lies between the market and the State and is often associated with concepts such as ‘third sector’ and ‘non-profit sector’.