In the evolving landscape of Australian business, underscored by frameworks like the State of Victoria's Social Procurement Framework, social benefit suppliers emerge as pivotal players in driving social and environmental change. Despite their potential, these suppliers face a labyrinth of challenges that can stymie their growth and impact.
The crux of sustainable advancement lies in harnessing the expertise of growth advisors specialised in social procurement and responsible sourcing. This article delves into why such partnerships are indispensable for social benefit suppliers aiming for impactful and enduring success within Australia's unique procurement ecosystem.
Are you a true social entrepreneur? If you're passionate about making a positive impact on society, then you might just be one! Take The FREE Quiz and find out.
Social entrepreneurs possess a unique set of qualities that drive them to create innovative solutions, prioritise social value over profit, and inspire others to join their mission.
Communities of Practice (CoP) are groups of peers who share a concern or a passion for something they do and learn how to do it better as they interact regularly (Goodhue & Seriamlu, 2021). Research suggests that learning is the main reason CoPs are established. Social learning and thinking together are key concepts in it. The collaborative learning process of ‘thinking together’ is one of the most meaningful elements of a CoP and what makes it work.
Social enterprises are businesses that aim to achieve social, environmental, or cultural goals while also making a profit. As mission-driven organisations, social enterprises are well-positioned to develop innovative solutions to pressing societal issues. This article examines ten key areas of social disadvantage in the contemporary Australian context, reflecting on opportunities where social enterprises could drive positive impact.
With over 20,000 social enterprises in Australia alone, there is immense potential for driving positive change through sustainable business models. However, many impact-focused ventures face obstacles in areas like measuring impact, raising capital, scaling operations, and securing revenue opportunities.
As we leave 2023 behind, several notable events impacted social enterprises and non-profits over the past year. Government funding fell 10% across the sector. However, donations from corporate partnerships and everyday Australians rose 15% compared to 2022, showing growing support. With economic uncertainty on the horizon in 2024, proper planning and strategy will be key to stability and meaningful impact.
Many business owners, boards, and stakeholders may not realise they are already operating as a social enterprise. Social enterprises aim to have a positive community impact, not just maximise profits. According to CSI Australia, a social enterprise has an underlying mission of creating social or environmental change. This differs from a traditional business focusing solely on making money.
A growing number of our organisations are investigating social impact measurement and consolidated measurement of social & sustainable procurement spend and impact in their supply chain.
I thought I would provide this general overview of social impact measurement.
#Socialprocurement provides an opportunity for communities to be strengthened by way of generating social value through our extensive supply chain. State governments and industry are increasingly investing into equipping the social enterprise sector with the resources to play an active role in Australia’s infrastructure and construction projects and other procurement activities where Government funding mandates a social procurement framework or local content or local jobs policies.
In recent years, the concept of social enterprises has gained significant traction, serving as a driving force for positive change within our communities and the global business landscape. Social enterprises are unique entities that combine commercial activities with a core mission of creating social, environmental, or community impact.
Unlike traditional businesses solely focused on profit maximisation, these enterprises prioritise generating meaningful, sustainable change while ensuring financial stability. As our society moves towards a more conscious and inclusive economy, understanding the essence of social enterprises is crucial.
As a general rule, the optimal time to commence your draft strategy for 2024 was back in October…but there is still time, if you commit to making your business strategy a focus over the next few weeks.
With Christmas just around the corner, an increased level of social events and the holiday season upon us you need to be ready to start 2024 off in a strategic way.
Eight Gippsland and Latrobe Valley purpose-driven organisations have been selected to undertake a twelve-week accelerator program being delivered in partnership between Federation University Morwell Innovation Centre and Social Innovator One10 Group.
The program seeks to build the capability and capacity of the social enterprise sector and support the participating organisations to scale their ventures and impact in the region.
The emerging Social Enterprise sector in the Latrobe Valley and Gippsland region is set to get a major boost from a new social enterprise accelerator program being delivered at the $17 million dollar Federation University Morwell Innovation Centre.
The 12-week program called ‘Acceleration for Social Enterprise’ will be delivered by leading Social Innovation organisation One10 Group in partnership with Federation University Morwell Innovation Centre and support the further development of the social enterprise sector and enterprises across the region.
One10 Group is pleased to announce our educational workshops for September, our 3-part Startup Essentials, is created by One10 and facilitated by Social Entrepreneur and Impact Investor, Geoff Gourley.
By signing up, you will take a huge step forward in progressing your knowledge of the startup essentials. Geoff will be supporting you through a journey toward becoming better founders and enable you to understand the essentials and be better placed to start and scale your venture.
These workshops cover a range of topics over an hour and a half period from 4:00pm-5:30pm each week.
Not a day goes by where you don’t read about company X or founder Y raising millions in equity investment for their startup venture or scale stage business.
Every week more ‘Funds’ are announced to support “women, indigenous, early stage, scale stage, sector specific, and there is currently 4,000 grants worth $50B listed on the GrantGuru website.
It can be competitive, confusing and really difficult to navigate and prepare yourself and your venture to attract funding, and we all know how important having sufficient cash is to support growth and scale.
Here at One10 we speak with founders and startups every day about investment, funding, pitching and grants, which is why we have created this specific Masterclass called “Funding Your Venture”.
This is such an important week in the calendar #NAIDOCWeek is an opportunity to celebrate the history, culture and achievements of Aboriginal and Torres Strait Islander people.
The 2021 theme, 'Heal Country', calls for stronger measures to recognise, protect and maintain all aspects of Aboriginal and Torres Strait Islander culture and heritage.
At One10 Group we join that call for action, and encourage others to do the same.
Globally, innovation is recognised as a key pathway to productivity, sustainability and effectiveness in both the public and private sectors. In order for Australia to remain internationally competitive, all areas of the economy need to be actively involved in innovation.
Sometimes, we need less thought and more action. Here are ten actions you can take to start bringing your idea to life. Find out how One10 team of experts can help you commercialise your idea.
For over 50 years, April 22nd has served as Earth Day, the first being celebrated on April 22nd, 1970. It has grown into a worldwide celebration with national and international events held throughout the week in over 190 countries. More than a billion people every year take time to increase awareness of environmental concerns; with digital technology added to the mix, messages can spread globally. Earthday.org leads the coordination of events relating to Earth Week.
The past year has brought a lot of change to the work environment. The new ideas and changes came in a spur of the moment, but the innovative ideas of online message boards and remote working had been cultivating long before the pandemic.
When people with similar passions such a programming, marketing, or social innovation get together, they can challenge each other and cultivate new ideas or grow existing ones. When one engages with other professionals, it is like working on a team; everyone brings something new to the table. Corporate hackathons enable impact, disruption, and innovation within an industry.
