Tuesday, September 29, 2015

A New Category?

In "the Funding Gap" by Mickael Chertok, Jeff Hamaoui, and Eliot Jamison, it is mentioned that Social Enterprises don't really fit in the traditional for-profit and non-profit categories. We find social enterprise at the intersection of the two. Maybe this is a policy problem rather than a financial one. What if a new category for social enterprises was formed that defined how funding could and should be procured? Of course, there are fundamental issues with this. Are social enterprises prevalent and influential enough that they do in fact warrant their own category? Who would be the one to make that distinction and where would the line be drawn? Social enterprises have the potential to impact people's lives on a level that straight philanthropy can't match. The value of social enterprises must be more clearly defined before they are given their own category in the business world.

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