Close
 

New Zealand needs more social enterprise businesses

  • News
  • July 28, 2016
  • Caitlin Salter
New Zealand needs more social enterprise businesses

Social enterprise is a grey area between business and charity, and some are for-profit while others are just as likely to be non-profit organisations. What sets them apart from pure business ventures is their driving purpose to effect positive social, cultural or environmental change.

University of Auckland innovation and entrepreneurship lecturer Jamie Newth has been researching innovation and social entrepreneurship in a largest NGO and has found innovations are not solely shaped by the visions of social entrepreneurs, but the expectations and beliefs of all stakeholders.

“Social entrepreneurship is far more contested because it needs to be commercially viable and make a positive impact, and this requires input from a greater range of stakeholders,” he says.

The number of potential innovative ideas is limitless, and if it was made easier to start and grow social enterprises, they have the potential to make a significant difference, he says.

Australia has about 20,000 social enterprises contributing about 2 percent of GDP, and there is an estimated 70,000 in the United Kingdom contributing more than $100 million to the economy.

But New Zealand lags behind in the maturity of the sector, Newth says.

“Our government financially supports the private sector to enhance economic development, and the charitable sector because of its social impact. Social enterprises that achieve both are unable to access such support.”

Eat My Lunch, which gives a free lunch to a child in a low-income area for every lunch bought, is an example of a for-profit social enterprise, while fair trade store Trade Aid is a non-profit example. But Newth says more investment is needed before New Zealand can achieve similar numbers as across the ditch.

“Investors are increasingly looking for investment opportunities that allow them to do good as well as generate a financial return.”

Newth’s own startup, Soul Capital, is an impact investment fund that will make growth capital available to social enterprises and sustainable businesses.

He flagged the issue of funding at the official launch of Social Enterprise Auckland at the business school earlier this month. Other barriers include a lack of understand of what social enterprise is and a lack of a specialised legal from to make it easier for funders and investors to support social change.

Management and international business associate Professor Christine Woods says more students are engaging in social entrepreneurship.

“We see it in the Velocity entrepreneurship programme and in our classrooms. Students want to make a different and meaning is important, not just accumulation and money.

Woods says the University of Auckland business school is working to support and foster social enterprise through teaching and research.

“Students are looking to use business to solve problems, and businesses and non-profits are increasingly blending the type of value they create. This requires different skill sets than we traditional teach.”

Social Enterprise Auckland is working to develop the sector. Members include North Shore-based Pallet Kingdom, which trains disadvantaged youth to make furniture from discarded pallets, and Conscious Consumers, whose app guides consumers to more than 300 businesses accredited as sustainable.

This story originally appeared on Idealog.

​ ​

This is a community discussion forum. Comment is free but please respect our rules:

  1. Don’t be abusive or use sweary type words
  2. Don’t break the law: libel, slander and defamatory comments are forbidden
  3. Don’t resort to name-calling, mean-spiritedness, or slagging off
  4. Don’t pretend to be someone else.

If we find you doing these things, your comments will be edited without recourse and you may be asked to go away and reconsider your actions.
We respect the right to free speech and anonymous comments. Don’t abuse the privilege.

 

Direct sales: How multi-level marketing works

  • News
  • April 18, 2019
  • Sarah Dunn
Direct sales: How multi-level marketing works

The $200 million-plus direct sales economy contains many lessons retailers can use. As part of a wider look at this thriving corner of retail, we created a quick explainer showing how this business model typically works.

Read more
 
 

Direct sales: Meet the upliners

  • News
  • April 18, 2019
  • Sarah Dunn
Direct sales: Meet the upliners

We profiled different participants in the direct sales industry to find out what retailers can learn from them. Meet Isagenix distributors Adam Nesbitt and Bianca Bathurst.

Read more
 
 

Direct sales: Meet the business builder

  • News
  • April 18, 2019
  • Sarah Dunn
Direct sales: Meet the business builder

As part of a wider story looking at what retailers can learn from the direct sales industry, we profiled Isagenix distributor Ben Frost.

Read more
 

Social scoreboard

Zavy and The Register have worked together to create a scoreboard that compares how the top 25 traditional media advertising spenders in New Zealand have performed on social media over the past 30 days, updated in real time.

 
topics
Concept to closet
Business coverage of New Zealand Fashion Week.
Town centres
A positive retail environment over the past 12 ...
Amazon Arrival
Keeping up with all things Amazon as it ...
The Retail Yearbook 2017
As we battle our way through the busiest ...
Hospitality enhancing retail
Some think food and integrated hospitality offerings will ...
The future is bright
We spoke with four retailers in their twenties ...
Spotlight on signage
At first glance, the humble in-store sign might ...
Red Awards 2016
The Red Awards for retail interior design celebrate ...
Auckland Unitary Plan
Auckland is changing. The Unitary Plan will decide ...
How to open a store
Sarah Dunn considers what it would take to ...
All things to all people
Kiwi retailers share their omnichannel strategies.
Rising stars
Retail's top young achievers.
Delivering on your promises
The sale isn't over until your item is ...
Retail in heartland New Zealand
Retailers keep the regions pumping, but how strong ...
Sisterhood
Women in retail help one another. We spoke ...
The changing face of retail
Shifting demographics are creating big changes in New ...
The retail yearbook
With the help of experts in the retail ...
Retail rogues
We put the spotlight on staff training. Jai ...
Here come the giants
Topshop has arrived in Auckland’s CBD, David Jones ...
Window shopping: A spotlight on social media
Sarah Dunn and Elly Strang look at how ...
From retail to e-tail
Ecommerce has become part of the way mainstream ...
Loyalty in the digital age
How are retailers maintaining loyalty? Sarah Dunn, Elly ...
The Innovators | In partnership with Spark Business
Technology is rapidly changing the retail industry as ...
 
News

Leveling up: Exploring multi-level marketing in New Zealand

Is the $200 million-plus direct sales economy retail by another name or something different? Regardless, what can we learn from it?

 
 

A spectrum of retailers

  • Opinion
  • April 18, 2019
  • David Farrell
A spectrum of retailers

In recognition of April being Autism Awareness Month, retail commentator Dave Farrell considers the role of those on the spectrum in retail.

Read more
 

How on-trend is your retail business?

  • Sponsored Content
  • April 18, 2019
  • Sponsored content
How on-trend is your retail business?

New insights from Visa highlight five evolving trends emerging from savvy retailers around the world. We’ve taken these global trends and looked at how they are playing out with merchants in New Zealand, and we’d now like to hear what you think of them.

Read more
 
Next page
Results for
Topics
Jobs
About us.

The Register provides essential industry news and intelligence, updated daily. And the digital newsletter delivers the latest news to your inbox twice a week — for free!

©2009–2015 Tangible Media. All rights reserved.
Use of this site constitutes acceptance of our Privacy policy.

Advertise
The Register

editor@theregister.co.nz

Content marketing/advertising? Email anita.hayhoe@icg.co.nz or call 022 639 3004

View Media Kit

}