Untitled Flashcards Set

Social Enterprises

Businesses that trade to intentionally tackle social problems, improve communities, provide access to employment and training, or help the environment.

3Ps of Business

Profit (creating financial value) + People (making life better for all people) + Planet (caring for the environment) = Social enterprise.

Buy One ~ Give One

A profit share social enterprise model where for every product bought, another is given to someone in need.

Supply Chain

The ethical choice of where everything is supplied from and how everyone in the supply chain is treated.

Corporate Social Responsibility (CSR)

A management concept where companies integrate social and environmental concerns into their business operations and stakeholder interactions.

Core Principles of CSR

Beyond Profit, Stakeholder Focus, Ethical and Sustainable Practices, Accountability.

Critical Thinking

The evaluation of an issue in order to come up with a solution.

Creativity and Innovation

New ideas, imagination, and possibilities.

Problem Solving

The process of finding solutions to difficult or complex issues.

Communication

The importing or exchanging of information by speaking, writing, or using other material.

Teamwork

Working collaboratively with others.

Global Citizenship

Social, economic, and environmental awareness, acting in favor of the world.

Intercultural Understanding

Open and ethical minds to different cultures.

Sustainable Business Initiatives

Practices such as being energy efficient, reducing waste, and sustainable sourcing.

Profit Distribution

The process of allocating a company's profits to stakeholders, often reinvested in the social mission in social enterprises.

HoMie

An Australian fashion brand focused on ending youth homelessness, with 100% of profits supporting young people in need.

Reborn

An upcycled clothing line by HoMie that helps reduce textile waste.

Ethical Clothing Certifications

Certifications that prioritize ethical and sustainable clothing practices.

Support for Young People

HoMie offers free clothes, haircuts, and services to young people, along with job opportunities and training.

Success in Employment

HoMie has supported over 3,600 young people, with 84% gaining employment.

Using Enterprise Skills

HoMie utilizes skills like problem solving, creativity, teamwork, and global citizenship.

Global Citizenship at HoMie

Helping anyone in need, being eco-friendly, and supporting the right to live comfortably.

Problem Solving at HoMie

Addressing youth homelessness through practical solutions.