Balancing Social and Commercial Objectives in Thai Social Enterprises
Professor Bob Doherty helps build social enterprises in Thailand
Over the past year Bob Doherty has been sharing his ideas with practitioners and policy makers from his article on ‘Social enterprises as hybrid organizations- a review and research agenda’ from the International Journal of Management Reviews. Bob has run 4 impact workshops in the UK and overseas using business engagement grant funding to test the ideas from the paper. His latest workshop took place in Bangkok with match-funding from the British Council Thailand, who are working with the Thailand Government Social Enterprise office to build the social enterprise sector in Thailand.
The workshop discussed the rising importance of social enterprise and the hybrid nature of this business model which has made social enterprise difficult to categorise. The day started with a discussion on designing social enterprise models that produce financial value whilst fulfilling the social mission. As part of the workshop, participants and Professor Doherty discussed the importance of maintaining a strong social mission to create market differentiation and provide motivation for both employees and other stakeholders. The workshop discussed the tensions created from the dual logics but also discussed the mechanisms that can be used to manage the trade-offs and create win-win situations to deliver both social and commercial impact.
Links to the videos of the workshop and the British Council Social Enterprise newsletter can be found at:
Part 2 (Afternoon session):
LATEST: Click here for an interview with Bob in Thai!