The Social Economy Alliance Held a Parliamentary Hearing
Social Business Editor — May 14, 2014 — Social Good
References: socialenterprise.org.uk & theguardian
The Social Economy Alliance, an umbrella group based in the United Kingdom that currently includes more than 300 organizations, held a parliamentary hearing and vote for the first time ever.
"Ultimately, all of these ideas are about social and economic policy being mutually reinforcing," writes Peter Holbrook in the Guardian's Social Enterprise Network. "That's why we are calling for social enterprise units in the Department for Business, Innovation & Skills and HM Treasury. Social economy organisations should be considered in government decisions that affect businesses in the UK."
It will certainly be interesting to see how and if this becomes a test for the world. To what extent will social enterprise have a say in government? Considering the role big business and oil companies play in many Western governments, should they?
Contact Information
Social Economy Alliance website
Social Enterprise UK on YouTube
Social Enterprise UK on Twitter
"Ultimately, all of these ideas are about social and economic policy being mutually reinforcing," writes Peter Holbrook in the Guardian's Social Enterprise Network. "That's why we are calling for social enterprise units in the Department for Business, Innovation & Skills and HM Treasury. Social economy organisations should be considered in government decisions that affect businesses in the UK."
It will certainly be interesting to see how and if this becomes a test for the world. To what extent will social enterprise have a say in government? Considering the role big business and oil companies play in many Western governments, should they?
Contact Information
Social Economy Alliance website
Social Enterprise UK on YouTube
Social Enterprise UK on Twitter
Trend Themes
1. Value-driven Campaigns - Government policies and business strategies are likely to start incorporating greater emphasis on meeting societal needs.
2. Social Economy Organizations in Government - The use of social enterprise units in the Department for Business, Innovation & Skills and HM Treasury may be adopted by governments worldwide.
3. Mutually Reinforcing Social and Economic Policy - Businesses that prioritize social and economic value simultaneously will likely receive greater support from consumers and governments.
Industry Implications
1. Government Services - Governments worldwide may develop social enterprise units as part of their business and economic policy.
2. Social Impact Investing - Businesses that prioritize social value are likely to attract more investment from socially conscious consumers and investors.
3. Management Consulting - Consulting firms may be hired to help businesses integrate social and economic value in their operations.
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