In the Same Grain of Purpose and Profit Being Inseparable, Social Enterprises Seek to Maximize Profits While also Maximizing Social Benefit
This occurs by using profits generated to fund socially responsible endeavors. This follows the principle that purpose and profit are inseparable.
Jun 2, 2021Updated 9 days ago
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Social enterprises that you may be immediately familiar with include Goodwill, which uses profits to fund employee training for people with disabilities. A social enterprise is unique in that it directly addresses a social need and is profitable, it does not rely on charitable donations. Instead, it leverages innovative business skills and sources of capital to alleviate certain societal problems. They achieve financial success by making a social impact, and one cannot be accomplished without the other.
In Milwaukee, Cream City Conservation and Consulting works with environmental and community service organizations to address internal cultures and practices that contribute to workforce homogeneity. Additionally, the Cream City Conservation Corps program trains and employs young adults age 15–25 whose social identities are traditionally underrepresented in the environmental industry. The program is supported by community partnerships and profits from the consulting end.
Lisa agrees with this fact based on:
Cream City Conservation and Consulting website
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