About Us! #2-11

Finance Department of AMPS:
In coordination with Central Commerce Secy to take such steps so that no department, no wing, no section and no subsection of the organisation depends on donation for the day to day running of the organisation there by establishing self-sufficiency. Donations are to be sought for service projects and acquiring organisational properties”.

With this idea of “self-sufficiency”, social enterprises have great deal to offer.

DEFINITION
Social enterprises are businesses that trade to intentionally tackle social problems, improve communities, provide people access to employment and training, or help the environment. Using the power of the marketplace to solve the most pressing societal problems, social enterprises are commercially viable businesses existing to benefit the public and the community, rather than shareholders and owners.

1. Are driven by a public or community cause, be it social, environmental, cultural or economic.

2. Derive most of their income from trade, not donations or grants.

3. Use the majority (at least 50%) of their profits to work towards their social mission.

MOTIVATIONS
Social enterprises can broadly be categorised into three principle motivations.

1. Employment
Businesses that provide employment, training and support for disadvantaged groups.

2. Community Need
Businesses that create or maintain products and/or services in response to social or economic needs in the community, not met by the market.

3. Profit Redistribution
Businesses that exist to generate profits which are redistributed to social programs or charitable activities.

SOCIAL ENTREPRENEUR
Is a leader or pragmatic visionary who: Achieves large scale, systemic and sustainable social change through a new invention, a different approach, a more rigorous application of known technologies or strategies, or a combination of these.

Leave a Reply