Some additional definitions
SSE – Social and Solidarity Economy: Recognized by the French Law of July 31 2014, the Social and Solidarity Economy (SSE) brings together “a set of structures that seek to reconcile social utility, solidarity, economic performance and democratic governance, with the ambition of creating jobs and developing greater social cohesion.” The specificity of the SSE is its attention to the statutes of the structures and its capacity to integrate associations, cooperatives, mutual insurance companies, foundations, and since 2014, social enterprises with a commercial status. An approval is then required for commercial companies to be part of the SSE.
Social entrepreneurship, as defined by MOUVES, emphasizes 4 principles :
1/ A social and / or environmental purpose that can be expressed in a plural way (access to healthcare, energy, housing, combating waste, long-term unemployment, promotion of short circuits, organic farming, green growth, etc.)
2/ An entrepreneurial dynamism, constantly searching for new financing and diversification of your resources.
3 / A managed profitability at the service of a social or environmental purpose.
4 / Participatory governance, involving all stakeholders.
SSE and social entrepreneurship are really similar!
Finally Social Business is a concept theorized by Mohammad Yunus, Nobel Peace Prize winner, who has inspired makesense in many ways. This concept frames the organizational models responding to Social Business according to 7 founding principles.
1- The objective of the company is to overcome poverty or other social problems and not to maximize profit.
2- The company ensures its financial and economic viability.
3- The investors recover their investment, but no dividend is distributed.
4- When the investments are repaid, the profits remain in the company for its development.
5- The company is respectful of the environment.
6- Employees receive market salaries with above-average working conditions.
7- Do it with joy!
Beyond the concepts, remember that the social and environmental impact, its measurement and the respect of an open and shared governance are fundamental principles.