Blog

Not just for profit - a new breed of social entrepreneur

Geoff Riley

7th October 2008

Underneath the surface of an economy dominated by corporate giants, a new breed of business is flourishing, where profit is not always the bottom line; these are entrepreneurs operating for a social purpose and not just for profit. A social enterprise is a business that has social objectives whose surpluses are reinvested for that purpose in the business or the community, rather than being driven by the need to seek profit to satisfy investors. Rather than maximise shareholder value and distribute dividends, a social enterprise is looking to achieve social and environmental aims over the long term.

This BBC article by Chiyo Robertson looks at the rise of the social entrepreneur - green and good!

Geoff Riley

Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.

You might also like

© 2002-2024 Tutor2u Limited. Company Reg no: 04489574. VAT reg no 816865400.