DO NOW “The business environment is dynamic, and this makes owning and running a business enterprise risky” Explain this statement i.e. this is because, as a result of. Example - give one example of how this can be applied. Why is this important/therefore for these reasons?

Social Enterprise

A business with mainly social objectives that reinvests most of its profits into benefiting society rather than maximising returns to owners. Social Enterprises have these key components. -They directly produce goods or provide services -They have social aims and use ethical ways of achieving them. -They need to make a surplus or profit to survive as they cant rely on donations as charities do.

Triple Bottom Line The three objectives of a social enterprise. Economic, social and environmental. Economic – make a profit to reinvest back into the business and provide some return to owners. Social – provide jobs or support for local and often disadvantaged communities. Environmental – to protect the environment and manage the business in an environmentally sensible way.

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CASE STUDY - Fifteen In pairs you are to read the case study provided and answer all questions? (15 mins) Once you have completed swap partners and compare your answers.

Homework What is a social Enterprise? Why is it important for them to make a profit? What is meant by Triple Bottom Line? What social benefits do social enterprises bring to local communities? Blog Duty –Student to discuss today's lesson, others to check and comment

NZ Social Enterprises Read the herald article and answer the questions that follow. (20 mins)