As part of the learning sessions under the Lasallian Social Enterprise and Economic Development (LSEED) Program of the Center for Social Concern and Action, the DLSU Center for Business Research and Development (CBRD) presented the results of the study, “Managing Social Enterprises in the Philippines: Challenges and Strategies.”
The LSEED learning session and research presentation, held last February 22, 2017 at the Yuchengco Hall Multipurpose Room, was conducted by Dr. Raymund Habaradas, current CBRD Director, and Patrick Adriel Aure, a junior fellow of CBRD, a graduate researcher of RVR College of Business, and a faculty member of Lourdes School Quezon City under its Senior High School Program.
Their research uncovers the challenges faced by Philippine for-profit social enterprises as they pursue both financial and social objectives, and determines the strategies utilized to achieve these dual bottom-lines.
The social enterprises included in the study are Greenius, Bayani Brew, and ECHOstore Sustainable Lifestyle. The research found tensions in pursuing both the economic and social objectives, and that reconciling the two requires business acumen on the part of the social enterprise’s owners or managers. Developing a strong brand attached to a quality product is also critical, the research notes.
Aside from exploring social entrepreneurship, the study offers guidance not only to aspiring social entrepreneurs but also to business educators. It likewise underscores the need for policymakers to create measures that will encourage cross-sector collaborations between the private sector, government, and civil society.