W10 Reflection
Summary of the main ideas and topics of the week. This week we learned about hybrid organizations and social business. A hybrid organization is one that uses for for profit business techniques with non-profit, social enterprise ideals. They can use various methods to integrate the two halves, and all have their pros and cons. There are tax issues to consider, and finances, customers vs beneficiaries, and the conundrum of how to staff an organization that is both for profit and non-profit effectively. Social businesses can utilize many different business models, including Cross-Compensation, Fee for Service, Employment and skills training, Market Intermediary, Market Connector, Independent Support, and Cooperative. Each has benefits and works to build the social enterprise. I enjoyed reading the Social Enterprise examples in "22 Awesome Social Enterprise Ideas and Examples". It was interesting to read about the examples of busin...