According to Deloitte’s 2019 Global Human Capital Trends survey, involving almost 10,000 respondents in 119 countries, an intensifying combination of economic, social, and political issues is, today, forcing organisations to reinvent themselves, with a human focus.
As the trends and challenges leading to the rise of the social enterprise became, in 2019, even more prominent, CEOs and business leaders around the globe will have to lead the social enterprise Tweet This!, beyond just practicing corporate social responsibility or engaging in social impact programmes.
The social enterprise: creating value for stakeholders, not just shareholders
A social enterprise is an organisation that focuses not only on revenue growth and profit-making, but also on the need to respect and support its environment and stakeholders, listening to the trends that shape today’s world. It is an organisation that accepts its responsibility to be a good citizen, serves as a role model for its peers, and promotes multilevel collaboration. Accordingly, leading a social enterprise means recognising that businesses must not just generate a profit and deliver a return to shareholders, but also improve the lives of workers, customers, and the communities in which they operate.
Why reinvent?
The Fourth Industrial Revolution is bringing disruption to the political, economic, and social fabric, impacting work, workers, and employers. Income inequality, wages, and the role of businesses in society, are under widespread debate globally. Deloitte’s 2019 Global Human Capital Trends survey highlights key workplace trends and issues, including the following:
Social enterprises perform better financially Deloitte’s 2019 Global Human Capital Trends survey revealed trends and facts that confirm the rising significance of the social enterprise: Five human principles for the social enterprise There are five key principles that frame the “human focus” for the social enterprise, against which any action or business decision affecting people can be measured:
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