What is Social Enterprise?
One of the most dynamic and fastest growing areas in entrepreneurship is the relatively new concept of Social Enterprise. Social enterprise’s primary purpose is for the common good. They use business methods and disciplines to advance social, environmental and human justice agendas.
Although there has been some controversy as to an exact definition of “social enterprise,” we believe that the best definition at this time, and the one used as basis for the Quinlan SEC is the following:
A social enterprise is “an organization where the core business activity:
1. Produces a benefit to society through product, labor or process that is;
2. Beyond the benefit provided to its customers and;
3. Removal of said benefit would substantially alter or eliminate the business.”
*Both for-profit and not-for profit organizations’ business plans are eligible to enter the Competition.*