Conceptualisation of Social Enterprise in the UK: A Contemporary Perspective

Abstract

The concept of social enterprise is increasingly gaining academic interest worldwide and is increasingly becoming an integral component of the mainstream economies of many countries, including the Unite Kingdom. Despite persistent interest from academics, the concept is relatively underdeveloped inherently complex and there are various aspects of social enterprise that remain largely under researched compared to conventional businesses. Given the advent of globalisation and increased competition social enterprises are under pressure to provide more innovative solutions to social problems that society in the UK faces. Through a comprehensive literature review of social enterprises, this paper scrutinises the evolution of these organisations as they adapt to changes in the environment in which they operates. The discussions show a cultural shift in the conceptualisation and practice of social enterprises in the country.