Development Framework
We help social enterprises achieve their mission effectively and grow. The SEG is premised upon the belief that persistent social problems can be best addressed through social enterprise by drawing upon individuals who are educated for service and seek meaningful, purposeful work as a significant part of their life.
Recipe for Success:
Through its unique offering of services and resources, SEG pairs the intellectual capital from the Professional Sciences and Liberal Arts Disciplines in a customized business model to address a specific persistent social problem. Ultimately, each successful initiative will be funded with Social Impact Capital to deliver a sustainable solution.
Recipe for Success:
Through its unique offering of services and resources, SEG pairs the intellectual capital from the Professional Sciences and Liberal Arts Disciplines in a customized business model to address a specific persistent social problem. Ultimately, each successful initiative will be funded with Social Impact Capital to deliver a sustainable solution.
We combine practical advice with unconventional thinking to create a more equitable and sustainable future.
FEATURED PROJECTS
Learn More About Our Featured Success Stories
Values and the Family
Business Connection:
The Social Enterprise Institute promotes the interaction and creation of hybrid value chains between social entrepreneurs, nonprofits their respective networks and family businesses as well as impact investors who are driving positive change in our societies
Family Businesses and Family Foundations throughout the world are increasingly interested in the areas of social entrepreneurship and impact investing.
A family business is defined as a firm which meets one of the following criteria: Family members in the day-to day operations of a business, the owner of a business intends to pass his or her ownership position to a close relative(s), or the owner considers the firm to be a family business. Usually a family business is owned or controlled by members of the same family. Family businesses are not confined to a particular size; however, the majority of family businesses are small businesses. Family-owned represent approximately 90 percent of all U.S. businesses. They contribute one-half of the gross national product and create one-half of the jobs in the country.
Values and the Family
Business Connection:
The Social Enterprise Institute promotes the interaction and creation of hybrid value chains between social entrepreneurs, nonprofits their respective networks and family businesses as well as impact investors who are driving positive change in our societies
Family Businesses and Family Foundations throughout the world are increasingly interested in the areas of social entrepreneurship and impact investing.
A family business is defined as a firm which meets one of the following criteria: Family members in the day-to day operations of a business, the owner of a business intends to pass his or her ownership position to a close relative(s), or the owner considers the firm to be a family business. Usually a family business is owned or controlled by members of the same family. Family businesses are not confined to a particular size; however, the majority of family businesses are small businesses. Family-owned represent approximately 90 percent of all U.S. businesses. They contribute one-half of the gross national product and create one-half of the jobs in the country.
A strength of family business is having their name on the door, causing them to offer quality products and maximize business performance. Family businesses are usually managed under a structure of strong values and common ethics. The values that family members express create a common purpose for employees and establish a sense of identification and commitment. The employees feel like part of a family and there is less bureaucracy. Bringing together people who possess similar values and ethics gives more strength to a family-owned business. Family members receive early training and knowledge about the business, leading to a streamline management of the business.
More than any other element, values are the connective tissue—the source of success, commitment, and longevity, in a family business. Values often go deeper than simply benefiting the family. Many of today’s most successful family-owned businesses are extending the power of their values by being beneficial to others. They impact not only their businesses and people, but also the communities in which they operate and other projects and philanthropies that fit their personal mission.
In order to have a real and tangible impact, value-inspired changes must be planned and executed with precision. This is where PwC’s Family Business Services are able to help.
Values in action:
The PwC Findings
The shared legacy of a family-owned enterprise can be a powerful motivator for, not only a personal and business commitment, but also a record of positive, values-based impact that can span generations. Different kinds of values-centered missions are common, including:
- Social entrepreneurship. Family businesses develop strategies, business models and dynamics to drive social entrepreneurship.
- Philanthropy. Both individuals and family missions directed philanthropic goals, leading to thoughtful and productive charitable giving.
- Family values alignment. Developed alignment between family, ownership and business values helps ensure healthy family ties, sustained organizational performance, and empowerment for the next generation.
Values in action:
The PwC Findings
The shared legacy of a family-owned enterprise can be a powerful motivator for, not only a personal and business commitment, but also a record of positive, values-based impact that can span generations. Different kinds of values-centered missions are common, including:
- Social entrepreneurship. Family businesses develop strategies, business models and dynamics to drive social entrepreneurship.
- Philanthropy. Both individuals and family missions directed philanthropic goals, leading to thoughtful and productive charitable giving.
- Family values alignment. Developed alignment between family, ownership and business values helps ensure healthy family ties, sustained organizational performance, and empowerment for the next generation.
An Example
The Client’s Challenge:
A family business had grown to a point where it needed to make a significant change in order to continue to compete effectively in the global market. After much thought, the family came to the difficult decision that the best way forward would be to sell the company to a large multinational.
The business remains the largest employer in the region where it was founded two generations ago. The family, viewing this as a serious responsibility, were keen to use part of the proceeds from the sale to create positive social change in their home region. At the same time, they wanted to use exclusively entrepreneurial principles in setting up an organization dedicated to helping those who were unable to help themselves.
Our Response:
The family sharpened their understanding of what social impact they desired to accomplish and how it related to their family values. We assessed the opportunities for their investment – including a review of business models for the short-listed options.
At the end of this process, the family was able to decide with confidence which option they wanted to pursue. They then started their social enterprise which became operational quickly.
Our Response:
The family sharpened their understanding of what social impact they desired to accomplish and how it related to their family values. We assessed the opportunities for their investment – including a review of business models for the short-listed options.
At the end of this process, the family was able to decide with confidence which option they wanted to pursue. They then started their social enterprise which became operational quickly.
Our Findings:
The values of the family set in the context of a family business establishes the tone for the family foundation. They inspire the choice of mission as well as the foundation’s policies and practices. Typically, the values of the individuals who have created the family’s wealth predominate. Entrepreneurs with the single-mindedness and drive to amass fortunes often have powerful and compelling personalities to match. Not surprisingly, they then shape foundations in their image and according to their values, philosophy and preferred style of management—just as they did their business.
We have what it takes to help you to accelerate social progress.
