Social Enterprise Business Model: A review towards a Unified Framework
Author(s):
Dr Roshni Yeshawanth
Keywords:
Social Enterprises, Business Models, Financial sustainability, Elements of the business model
Abstract
Social Enterprises emerged as organizations working to address the social problems while exploring earned income strategies. Their Business models not only aim at the sustainability of the society, but also show a strong interest in embarking on their own sustainability. Subsequently, the business models of social enterprises are in various forms and they support the enterprises to conduct business that attain the social mission. Their business models break down the traditional boundaries between the Non-profit and private sectors and draws definition to this new institutional social enterprise aiming for social value creation with financial sustainability. The literature provides for the various elements essential for a successful business model, but social enterprises need a unique combination of elements in order to be successful. The unique combination of elements will depend on the extremity of the social problem and the social enterprise ecosystem. An in-depth analysis of business model components in academic literature also shows that, among the plethora of definitions, three elements are usually distinguished: the product/service proposed to customers, the way the company is organized so as to deliver this product and service to its customers, and the revenue model. The present paper is an attempt to identify the elements of the business models from the literature and design a framework that would facilitate the prospective social entrepreneurs to plan the business models for their enterprises.
Article Details
Unique Paper ID: 157762

Publication Volume & Issue: Volume 9, Issue 8

Page(s): 27 - 38
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