Social Business & Ethics
📋 What it is
A social enterprise aims to make money AND do good; business ethics means being fair, honest and responsible.
🗣️ Coach says
A business can chase profit AND a mission at once — that’s social entrepreneurship (say, selling shoes and donating a pair). Ethics is the promise underneath: be honest, treat people and the planet fairly, even when cutting corners would pay more.
🧠 Memory hook
Do well AND do good. Ethics = fair + honest, even when it costs.
😂 Giggle
Why did the economist bring a graph to lunch?
To show the waiter where the curves intersect!
😲 Whoa!
Some companies give away a product for every one sold — proving a business can be built around helping, not just earning.
✅ Quick check: How is a social enterprise different from an ordinary business?
Say your answer out loud first — then reveal.
It aims to make money AND achieve a social or environmental good on purpose, not just maximise profit.
Linking profit to ethics and mission is a real, growing part of modern economics.
🧪 Try it! (2 minutes)
Invent a social business: what does it sell, and what good does it do?