Uncharted Territory - Essential Skills Ontario

NEW MODELS FOR A NEW WORLD“A social enterprise is a business operation commonly run by a charity or not-for-profit organization.”4.4 Social EnterpriseThere is no common definition of a “social enterprise”. Some descriptionslimit it to not-for-profit organizations with business operations that generatesustainable revenue, while others point to for-profit organizations that have asocial or environmental purpose. An inclusive definition suggests that it canbe either. According to the OECD, Leed programme:Social enterprises include new types of organizations as well astraditional third-sector organizations refashioned by a newentrepreneurial dynamic. In this respect, the social enterprise conceptdoes not seek to replace concepts of the non-profit sector or socialeconomy. Rather, it is intended to bridge these two concepts, byfocusing on new entrepreneurial dynamics of civic initiatives that pursuesocial aims (OECD, 2006).In Canada, social enterprises are generally associated with business operationsowned by third sector organizations. Revenue raised by the businessoperation is reinvested into the charity or NPO to support the programs andoperations of the organization” (Social Innovation Generation, p. 5). For theseorganizations, the impetus to generate revenue through market-basedtransactions stems from a recognition that they need to diversify funding andrely less on government and foundation support. To be a social enterprise, athird sector organization has to integrate and align business approaches,practices and operations that generate sustainable revenue in a wayconsistent with the mission of the organization and the work they do.Innovative fund-raising campaigns and the sale of products or services nottied directly into who the organization serves or what it does do notconstitute a social enterprise. To be a social enterprise, income generatingactivities have to tie directly into and work to address the social improvementmission of the organization (Canadian Centre for Community Renewal &Centre for Community Enterprise, 2008).18 • Uncharted Territory: Can Social Innovation Revitalize Literacy and Essential Skills Programs?