Social Entrepreneurship, New Media and Health Care
by Fred Fortin
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ajfortin.com WHCB:”Social Entrepreneurship, New Media and Health Care” « wrote @ August 9th, 2007 at 12:58 am
[…] my complete post over at World Health care Blog. Posted in Globalization, New Media, […]
Kesh Sandhu wrote @ August 17th, 2007 at 4:33 am
A social enterprise is a business that not only generates revenue, but also has a social and/or an environmental objective.
Social enterprises have the ability to impact the future of communities, and who better to create an impact through the social enterprise business model than our Youth of today?
That is why Global Knowledge Partnership (GKP) is looking for youth under the age of 30years who own a social enterprise.
If you fit the criteria above, and your business uses various Information and Communications Technology (ICT) tools, such as mobile phones, the internet, and even the radio, we would love to hear from you.
If you would like to see a social enterprise in action, please click on to http://www.youtube.com/watch?v=i-nP52Xbgxk
If you are a young social entrepreneur and would like to have access to tools such as mentoring, networking and even the possibility to pitch for funding, please log onto www.globalknowledge.org/ysecompetition07 and click on apply!
GKP will be selecting 100 winners from the competition, who will be judged by an independent online panel, to attend the Young Social Entrepreneurs’ Forum @ GK3 in Kuala Lumpur Malaysia!
Social entrepreneurs are defined by GKP as entrepreneurs who have a business that has a double or triple bottom line. This means the business has a financial bottom line and a social and/or environmental bottom line.
A financial bottom line means the business delivers on financial performance targets, i.e. at least half the income is earned through revenue from trading, rather than via donations, subsidies or grants. Typically, profits are reinvested back into the enterprise to further its social and/or environmental objectives. The financial performance is measured through revenue and profit-generation.
A social and/or environmental bottom line means that profits can be used to support social aims that are related or unrelated to the activities of the enterprise, or it can also support the social aims that are delivered directly by the enterprise’s operation. For example, the business may employ disadvantaged individuals or provide services that improve the lives of disadvantaged communities. The social and/or environmental performance is measured through accounting methods like SROI (Social Return on Investment) and/or through evaluation methods like Logframes.
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