Key definitions
| Term | Definition |
|---|---|
| Artisan cooperatives | Member-owned groups where artisans come together to produce similar goods and gain more socially and economically together * |
| Social enterprise | Organization that applies commercial strategies to maximize improvements in financial, social and environmental well-being. This may include maximizing social impact alongside profits for co-owners** |
| Social entrepreneurship | Applies the business principles used by entrepreneurs to a business to directly generate social change that comes from a systematic or cultural issue** |
| Term | Definition |
|---|---|
| Artisan cooperatives | Member-owned groups where artisans come together to produce similar goods and gain more socially and economically together * |
| Social enterprise | Organization that applies commercial strategies to maximize improvements in financial, social and environmental well-being. This may include maximizing social impact alongside profits for co-owners** |
| Social entrepreneurship | Applies the business principles used by entrepreneurs to a business to directly generate social change that comes from a systematic or cultural issue** |
Note(s): *From “Stitching Toward Empowerment: A Case Study of Tabiro Ladies' Club,” Dol and Odame, 2013, Journal of Co-operative Organization and Management. https://doi.org/10.1016/j.jcom.2013.10.005
** From “Social Capital as a Driver of Social Entrepreneurship,” by Hidalgo et al., 2021, Journal of Social Entrepreneurship, p. 16 (https://doi.org/10.1080/19420676.2021.1951819)
Source(s): Authors’ own work with adapted definitions from sources indicated below