The emergence of the phrase “social enterprise” is a positive sign of change. However, the term is often defined in varying ways. In this article from June 2012, Dr Roger Stewart and I define “social enterprise” and discuss how traditional charities can start the journey to becoming social enterprises.
Business in society: let us talk the same language
The role of business in society is receiving increasing attention. There have recently been many articles on corporate social responsibility, corporate social investment and corporate philanthropy. However, there has been much confusion and inconsistency in the use of these terms. In response, Dr Roger Stewart and I propose some definitions that we hope will reduce the confusion.
Strategic Acumen: Natural Talent or Something You Learn in an MBA?
Have you ever wondered why some organizations fail to succeed, despite hundreds of hours of strategic planning sessions and a multitude of ambitious MBA minds behind the steering wheel? We already know that these organizations need capable leadership. New research also suggests that organizations need leaders with strategic acumen, and that strategic acumen is much more like an innate ability, than something one learns at college.
This article from August 2008 dispels various myths about strategy and emphasizes the need to choose talent carefully.
Businesses Can Take the Lead in Setting up Social Enterprises in South Africa
We need to see more social enterprises in South Africa, particularly since they can help to strengthen our economy and fight poverty at the same time.
However, this is only likely to happen if businesses continue their involvement in social issues and work with non-profit organizations to establish social enterprises. This will also benefit the businesses themselves (as we will show), and provide an alternative approach to Black Economic Empowerment (BEE) and Corporate Social Investment (CSI).
This article from May 2008 discusses how businesses can increase their involvement in society and use social enterprises to further their social agendas.
The coming recession: What does this mean for South African nonprofit organizations?
The global economy is on the brink of a downturn, possibly a recession. Turbulence and opportunity lie ahead; our currency is under pressure and may continue to devalue. What does this mean for South African non-profit organizations? How should they respond?
This article from March 2008 provides several recommendations for non-profit organizations to consider.
Corporate Social Investment: How to Turn Responsibility into Opportunity
Corporate social investment is entering a new era in South Africa as companies comply with legislation and respond to the expectations of society. The central question for many companies is whether their corporate social investments are simply a mandatory expense or a strategic opportunity.
I believe that companies can gain a strategic advantage through their social investments, provided they integrate their social-investment strategies with their business strategies. In other words, it is possible for companies to adapt to trends, comply with laws and win at the same time.
This article from February 2008 examines the different types of corporate social investment and discuss what companies need to do to get the most out of their social investments.
Nonprofit Organizations: Do you Account for Your Social Impact?
Nonprofit organizations readily embrace the value of financial accounting. They understand the need to keep careful financial records, have them audited independently and send copies to their investors. Because these financial statements are prepared and audited according to accepted standards, they are in turn accepted as an accurate reflection of an organization’s finances – and can indicate opportunities for improvement. The question that non-profit organizations should be asking themselves is: “Do we account for our social impact?”
In this article from February 2008, Dr Roger Stewart and I examine why organizations need to start accounting for their social impact. We introduce the concept of social accounting and its value to non-profit organizations. We also examine the different steps in the social-accounting procedure.
Social enterprises: heralding a new era
This is the era of social enterprises – organizations that think of themselves as businesses with a social purpose. Social enterprises are happy to make a profit and do so with a smile on their face and conscience in hand. They also tread in the traditional turf of both businesses and non-profit organizations. They see themselves as organizations from a new paradigm, and the organizations of the future.
This article from November 2007 advocates for social enterprise and discusses eight reasons why we will be seeing more of them in the future.
Calling all Nonprofit Organizations: It’s time to Wake Up or Become Obsolete!
It is time for traditional non-profit organizations to wake up and rethink their paradigm. Those that don’t are likely to become either obsolete or irrelevant. Those non-profit organizations that are able to adapt accordingly are likely to remain or become successful.
This article from November 2007 discusses seven main reasons why non-profit organizations need to put some time aside to rethink their paradigm. I believe that it is time for the traditional mind-set of the non-profit organization to expire.
CBOs need corporate support for grassroots success
Company support for community-based organisations (CBOs) has yielded mixed results and is a hotly debated development approach. I believe that CBOs play a crucial role on the development landscape and point to several strategies that will help ensure an appropriate social return on the investment.
This article was published in the Corporate Social Investment Handbook (2006) by Trialogue Publications.