Strategy for social enterprises or never say never

Abstract

The principal aim of this paper is to identify a strategic formulation that could suit a social enterprise. Social entrepreneurship involves individuals and groups that create independent organisations in mobilising ideas and resources for addressing social needs. A focus on strategy in this context can give a much needed long-term perspective to social enterprises. In this respect, a framework is produced regarding aspects of mission, decision making, profit distribution, effectiveness of service delivery and benefits for the local community. Methodology-wise the paper is based upon work that can be identified geographically in Dorset, South West of England. It is based upon qualitative research that includes semi-structured interviewing, collection of secondary data and observations of local social enterprises. Development of a strategic planning leading to a suitable business plan is what this paper suggests for social enterprises to assign themselves to with regards to enhancing their strategic organisational capability.