Social Enterprise Development Program
A Social Enterprise is any organization that uses business to help socixety
— Defining Social Enterprise (BCYF, 2015)
As our Social Development Model suggests, social enterprises comprise the types of players that contribute to the development of society. Social Enterprises can be effective multipliers of social progress. They are businesses that have integrated a social objective in their operations.
This definition was the basis for our main Social Enterprise Award — the Developmental Social Enterprise Award which was launched in 2015 with PwC Philippines.
In this Award, we also emphasized the word “developmental”, which means that a Social Enterprise has a willingness and potential to scale, yet it needs some more support to reach a bigger level of asset size.
Qualities of a
Enterprise must have an a priori commitment to a particular social objective.
The social objective must be measurable.
The social objective must beintegrated in its cost of doing business or cost of goods/ services.
Has a sustainable and continuous source of cash flow.