MGT 355 Chapter 2 Vocab (Book by Dr. D and Ina)

Social Enterprise

Combines business methods with a social mission

Clear Social Goal

Mission is prioritized over profit and embedded in governance.

Business-Driven Revenue

Earns income through goods/services, not just donations.

Market Responsiveness

Meets real demand with quality, socially impactful products.

Reinvestment of Profits

Most profits go back into the enterprise to advance its mission.

Data-Driven Impact

Uses metrics and evaluation to measure success.

Adaptability

Flexible and responsive to social and political changes.

Cause fatigue

Consumer skepticism from excessive or insincere cause marketing.

Corporate Social Responsibility (CSR)

Business efforts to be socially and environmentally responsible.

Work Integration Social Enterprises (WISEs)

Create jobs for marginalized individuals.

Triple Bottom Line

Focus on People, Planet, and Profit.

Hybrid Models

Combine nonprofit goals with business income strategies.

Conscious consumerism

Combine nonprofit goals with business income strategies.

Narrative Reporting

Telling impact stories, not just numbers.

B Corporation

Certification for high standards in social/environmental impact.

Community Interest Company

UK legal form that locks assets for social benefit.

Social Value Act (UK)

UK legal form that locks assets for social benefit.

Startup India

Government program supporting mission-driven startups.

Social Enterprise Promotion Act (South Korea)

Offers legal and financial support.

United Nations SDGs

17 global goals for sustainable development.

OECD

Supports policy frameworks for inclusive social enterprise growth.

Ashoka

Global network of social entrepreneurs.

GIIN

Promotes impact investing in social enterprises