A social enterprise is a business model that aims to address social, cultural, or environmental issues while generating profit. Unlike traditional businesses that prioritize profit maximization, social enterprises focus on creating positive impacts in their communities. They often reinvest their earnings into their mission, which can include providing services, creating jobs, or supporting local initiatives.
These organizations can take various forms, including non-profits, cooperatives, or for-profit companies. Examples of social enterprises include TOMS Shoes, which donates a pair of shoes for every pair sold, and Warby Parker, which provides glasses to those in need.