334 research outputs found
What are the barriers to investing in social enterprises? An investigation into the attitudes and experiences of social entrepreneurs in the United Kingdom
The ongoing global economic crisis and the restrictions that this is having on government expenditure has meant that current UK policy is being directed at trying to end the grant dependency that currently exists in the third sector. One of the key focuses of this policy initiative has been to try to increase the third sectorâs access to both debt finance from lending institutions and equity finance from venture capital investors. However, this policy intervention presupposes that the lack of private sector investment in the third sector is a âsupply-sideâ problem caused by limited funds. This ignores the structural problems in the social enterprise sector related to governance and a lack of organisational capacity. Indeed, as of 2011 the ethical investment sector in the UK was worth approximately ÂŁ9 billion and was spread across 90 ethical investment funds responsible to 700,000 investors. Additionally, social investment (i.e. those funds targeted specifically at third sector organisations) was worth ÂŁ165 million as of 2011. This suggests that the lack of private sector investment in social enterprises in the UK is not a âsupplyâ side problem but is instead related to the âinvestment readinessâ of social enterprise
Assessing the state of the spin-out sector in England
The provision of public services in England has received large amounts of policy attention over the last three decades. During this time there have been numerous and far-reaching reforms to the public sector in England, which have resulted in less direct provision of public services by Local Authorities and an increased âmarketisationâ of the public sector (Hall et al., 2012b; Simmons, 2008). This marketisation of public services has been led by a desire to create more cost-efficient services that are also responsive to service userâs needs. This reform is being driven by central government, which is using funding reforms and legislation to create greater public choice in the services that they use and the providers that they âbuyâ these services from. In doing so, the government have encouraged the transfer of Local Authority staff into new provider and employee-owned mutual organisations (also known as âspin-outsâ). âPublic service mutualsâ have been defined as ââŠorganisations which have left the public sector i.e. spun out, but continue to deliver public services and in which employee control plays a significant role in their operationâ (LeGrand and Mutuals Taskforce, 2012:9). Prior research exploring the spin-out sector has identified that policy initiatives such as âRight to Requestâ, âRight to Provideâ and âMutual Pathfindersâ are having an impact and increasing the number of spin-outs from the public sector (Miller et al., 2012a; Cabinet Office, 2011). Spin-outs are seen as enabling services to be made more efficient and responsive to userâs needs, whilst at the same time reducing public expenditure (Addicott, 2011; Hall et al., 2012b; Alcock et al., 2012). However, much of the prior research on spin-outs is sector focused (i.e. exploring health and social care spin-outs only), whilst the spin-out sector in England is heterogeneous and includes leisure trusts, housing associations and employment services. There remains a limited amount of academic research that approaches the sector as a whole and that seeks to uncover common barriers to spinning-out and the challenges facing new and existing spin-outs. This research undertook a review of secondary literature in order to identify potential spin-outs and then invited the 210 organisations identified to participate in an online survey (of which 59 have responded to date). The online survey explored organisational demographics, the policy process adopted in spinning-out, the perceptions of future challenges and the âfitâ of commissioning frameworks. The results revealed that the spin-out sector is experiencing growth and that government policy initiatives are having partial success in promoting spin-outs. The research also revealed that the most significant challenge facing spin-outs in the future is related to access to finance and âpayment by resultsâ contracting. Finally, the data also suggests that the greatest growth is experienced by those spin-outs that trade directly with consumers and that receive repayable investmen
Lack of entrepreneurial management leads to failure of social enterprise governed by an institutional partnership
This paper reports an on-going research study that is investigating the application of a model of team-based philosophy to test the efficacy of an âinstitutional partnershipâ between a UK university (UNI) and a regional social enterprise development agency (SEDA) as they seek to set-up and develop a work-integration social enterprise (WISE). The research design is longitudinal, conducted over a period of 18 months and has three data collection phases âearlyâ, âmiddleâ and âlateâ. This paper reports the analysis of data gathered during the âlateâ phase of this research. Individual semi-structured interviews were conducted with 10 participants involved in the partnership organisations and the WISE programme delivery staff. Qualitative analysis of the interview data revealed five emergent themes, which were subsequently interpreted by the researchers as: âReasonsâ, âPositivesâ, âCompany structureâ, âThe Partnershipâ and âNegativesâ. The theme âReasonsâ revealed the participantâs perceptions of why the Partnership and the company failed to achieve their original aspirations. The theme âPositivesâ was characterised by the notion that the funded project was an âexperimentâ, which produced a learning outcome. The âexperimentâ was to test the viability of a funding body supporting the creation of an institutional partnership to set-up and develop a WISE. It was interesting to note an important distinction made by one of the participants who proposed that what was tested was the ability of the individuals representing the organisations rather than the organisations per se. The theme âCompany structureâ highlighted the negative effects on the Partnership created by the volatile nature of the company structure during this âlateâ phase. Changes in personnel, roles and responsibilities at all levels created an unstable environment and context, which impacted negatively on the Partnership and the company. The theme âThe Partnershipâ revealed the impact of a dispute between the partners that was rooted in a change of CEO at one of the partnership organisations. The theme âNegativesâ highlighted personal feelings of failure and responsibility for that failure. Failure was perceived as a failure of the âexperimentâ by some participants others perceived failure in a more personal sense. The results of the analysis of the data from this âlateâ phase, when compared to criteria from the adopted team-based model, suggests that the partnership and WISE staff failed to metamorphose into an âeffective team
Investigating the outcome performance of work-integration social enterprises (WISEs): do WISEs offer âadded valueâ to NEETs?
This study takes a comparative approach to study the âoutcomeâ performance of a WISE and a âfor-profitâ work-integration organisation that both provided employment enhancement programmes to NEETs. Participants at both organisations completed general self-efficacy questionnaires before and after engagement on the programmes. Additionally, semi-structured interviews and focus groups were held with the owners and staff at both organisations. Results revealed no significant difference between the âoutcomeâ performance of the WISE and for-profit organisation. However, analysis of the organisational aims, values and structures suggests that the âadded valueâ offered by the WISE came from the different induction policy that it operate
Investigating an âinstitutional partnershipâ collaborating to develop a funded project into a sustainable work-integration social enterprise (WISE)
This paper reports a research study that examined a partnership between a regional social enterprise development agency and a university as they collaborated to develop a work-integration social enterprise (WISE) in the UK. Participants were members of the board of directors, steering group and the programme delivery and administration staff. The research elicited participant perceptions of the development of the partnership and the WISE over a period of eighteen months. Semi-structured interviews were conducted with participants in three phases: âearlyâ, âmiddleâ and âlateâ. Results revealed the problems experienced by the partnership, which ultimately inhibited the development of a sustainable WIS
The UKâs first professional symphony orchestra cooperative: social enterprise?
This conference paper reports the results of the first phase of a three phase longitudinal research study designed to examine the initiation and development of the UKâs first professional symphony orchestra cooperative. Semi-structured interviews were conducted with thirty six professional musicians from a "pool" of forty plus musicians. This "pool" of musicians provides the cooperative with a resource that can be drawn on to form an orchestra to rehearse for and perform concerts and recordings. Preliminary results reveal four themes that emerged from the semi-structured interview data. These themes were interpreted by the researchers as: "commitment", "democracy", "social mission" and "aesthetic aspirations". The themes are presented along with supporting quotations from the interview data that illustrate the characteristics of these four emergent themes. The implications of the themes are then discussed within the context of the prior literature reviewe
Reintegrating socially excluded individuals through a social enterprise intervention
This research project reveals participant perceptions of an employment enhancement programme, run by a social enterprise and designed to reintegrate socially excluded individuals into society. The research participants were the social entrepreneur, staff at the social enterprise, the programme attendees and a representative from an external referral agency. Participants engaged in semi-structured interviews with a researcher designed to elicit participant perceptions of the programme. Results of the analysis of the interviews revealed six emergent themes that were interpreted by the researchers as: âsocial mission focusâ, âheroic social entrepreneurâ, âsocial impactâ, ârecidivismâ, âthe programmeâ and âprogramme attendeesâ. Results of the analysis reveal that all research participants reported the programme helped to re-socialise the programme attendees and increased their self-confidence and self-esteem. Participants also believed programme attendees acquired important skills and qualifications in general warehouse activities and forklift truck driving, which would greatly increase their future employability. Programme attendees indicated the âreal worldâ working environment was important to their feelings of success on the programme. Social enterprise staff expressed concerns about potential âmission driftâ resulting from the demands of scaling up the logistics business to achieve the âdouble bottom lineâ
Empathic social enterprise: the role of empathy and shared intentionality
Research conducted with the UKs first professional symphony orchestra cooperative provides evidence and insight into how empathy and shared intentionality impacted upon their cooperative governance. Individual semi-structured interviews, conducted with 36 of the orchestral musicians, were analysed and four themes emerged from the data, which were interpreted as: âempathyâ, âshared intentionalityâ, âprovide and preserveâ, and âcooperative governanceâ. Findings of the research indicate that performing arts groups such as symphony orchestras can be social enterprises. The paper examines the relationship between empathy and social enterprise. Empathy is presented as a multidimensional moral and psychological concept. New concepts of âexternalâ and âinternalâ empathy are also proposed in relation to social enterprises and their beneficiaries. Empathy and social enterprise leadership is explored and implications for business leadership education are discussed. Finally, a new model for the definition of a social enterprise based upon the intersection of high-levels of innovation and entrepreneurship and empathy and shared intentionality is presented
Intermediary perceptions of investment readiness in the social investment market
The âsocial investment marketâ (SIM) in the UK is a growth area due to the governmentsâ focus upon building up the supply-side element of the market over the last decade, often through the direct financing of âsocial and investment finance intermediariesâ (SIFIs). However, this ignores problems that can occur on the demand-side of the SIM, such as a lack of âinvestment readinessâ (IR) amongst social enterprises (SEs) seeking investment. Indeed, whilst there is now a significant body of policy-based and practitioner research exploring the SIM, there remains a paucity of empirical academic research. The research reported in this paper sought to explore SIFI perceptions of what constituted IR in the SIM. Semi-structured interviews were held with the fund managers (or relevant personnel) at 15 SIFIs in order to explore what they believed constituted IR and how they assessed this. The results indicate that the conception of IR in the SIM is similar to that held in mainstream financial markets. The results are discussed in relation to the prior literature and theories of the SIM
Social enterprises and NEETs: ethical and effective entrepreneurial skills programmes?
If young people not in employment, education or training (NEET) participate in Entrepreneurial Skills Programmes (ESPs), delivered by social enterprises, there is an ethical responsibility to measure the outcomes of these programmes. So called "hardâ outcomes, such as new businesses created or jobs secured, are self evident but potential "softâ outcomes, such as attitude to enterprise or general self-efficacy, are less evident. This exploratory study aimed to develop evaluation techniques for the assessment of "softâ outcomes on participants after completing a six-week ESP delivered by a work-integration social enterprise (WISE
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