SOCIAL ENTREPRENEURSHIP PRACTICUM
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SOCIAL ENTREPRENEURSHIP PRACTICUM
(COMM3030)
LECTURE – WEEK 1
Topic: Introduction to Social Impact and Social Enterprise
Acknowledgment of Country
Reminder: O-Week Lecture
If you haven't already, please go to Moodle and review the content in the
O-Week section before you watch this lecture.
It will give you an overview of the course (inc. course format, assessments,
schedule and Moodle run through)
Thank you!
This week:
Social impact?
Five sectors
SDGs
Hybrid organisations
Social enterprise in Australia
COMM3030 Clients
What is social impact?
“Social impact can be defined as the
net effect of an activity on a community
and the well-being of individuals and
families.”
Centre for Social Impact
What is social impact?
“Social impact can be defined as the
net effect of an activity on a community and the
well-being of individuals and families.”
Centre for Social Impact
Important: the net effect can be intended or unintended, positive
or negative. Social impact is not always good.
Where does social impact come from?
Traditionally, social impact has been generated by three main sectors:
• Government
• Business
• Non-Profits
Increasingly individuals are regarded as having the capacity to create social impact and
could be considered as a fourth sector.
In addition, there is a new and emerging fifth sector that has evolved as a hybrid of other
sectors.
Three > four > five sectors
Government
Funded: Taxes
Multilevel and
representative
Social impact
created through
policy, leadership,
coordination
Business
Funded: Trade and
investors
Profit motivated
Social impact
created through
products and
services,
philanthropy, CSR
and shared value
Non-Profit
Funded: Donations
and Grants
Gaps
Social impact
created through
programs and
services,
emergency
response, research
and advocacy
Individuals
Funded:
Employment
Varying values and
motivations
Social impact
created through
voting, consumer
choice and self
advocacy
Hybrid
Funded: Trade
(sometimes
investors,
sometimes grants,
sometimes
donations)
Exist for profit and
purpose, social and
financial returns
Social impact
created through
meeting an unmet
need, services and
products profit
reinvestment
Multilateral organisations?
The hybrid spectrum
Hybridity is a term used within the social impact field to refer to the merging of commercial revenue generation
(traditionally thought as part of businesses) and a central social cause (traditionally the domain of non-profits).
Hybrid organisations sit in a spectrum between nonprofit and business, mixing social impact and
commercial revenue, in an effort to develop financially sustainable enterprises that ‘primarily pursue a
social mission but rely significantly on commercial revenue to sustain operations’ (Battilana et al.
2012, p. 51).
Hybrid organisations
Hybrid organisations are often referred to as social enterprises, but since this field is emerging, there are
competing definitions of the term 'social enterprise' in industry and academic literature.
Definitions also differ from one geography to the next.