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Definitions
About EGG

   
Founder
Empowerment Gateway Group

 

 

Definitions

Social Enterprise
Social Enterprises are organisations that may have single or multiple objectives that integrates social, environmental and economics tools and business models in an innovative manner for the betterment and sustainability of current and future generations while concurrently ensuring the survival of the planet. Social Enterprises are impact driven with measurable outcomes with profits (residual) distributed to pre-identified beneficiaries (communities, environment, society, people, social capital funders and investors, employees, founders, etc ...) in an equitable manner
Entrepreneurism
Contrary to traditional belief, Entrepreneurism is not just about making money, nor is it merely about starting up a venture or owning a small business — it is a way of life, applicable to all human economic activities. Living on a planet with finite resources, humanity is sustainable only if there is constant pursuit of innovation and creativity, not just for personal gain but also for the common good.
Social Entrepreneur
They are women and men who have the vision, creativity, and extraordinary determination of the typical business entrepreneur – but who devote these qualities to introducing and implementing innovative solutions to systemic social problems. They are visionaries who develop innovative ways to fundamentally change how societies operate. They find what is not working in society and address the problem by changing the system, spreading the solution and persuading entire societies to take new leaps. Social entrepreneurs are path breakers with powerful new ideas, combined with visionary and “real-world” problem solving creativity, who have strong ethical fiber and who are totally committed to their vision or idea for change. 
Custodian 
Is a keeper, a guardian, or a caretaker. It is a proactive word that implies action on the part of the bearer. Custodians hold something in trust on behalf of others. It is not behaviour motivated out of pure self-interest, greed or thirst for power, but it is guided by the principle of good and fairness for all and endorses the principle of true value exchange.
Sustainability
Is the measurement used to evaluate an organization’s ability to continue operating in the long term. It requires organisational commitment. Social values embedded into the organisation – value chain, policies, strategies etc, establish boundaries of social responsibility with strong principles. It has social performance criteria, with monitoring and evaluation programmes. It is auditable and impact quantified.
Stakeholders
Are those people and entities that the organisation affect and/or are affected by the organisation, and include, suppliers, clients, employees, communities, investors, civic society, government, and the planet and future generations.
Sponsors
Are the businesses that apply CSR, Enterprise Development or Social-Economic Development funds as development grants to project, or that make other contributions to project, such as in-kind or in goods.
Adopters
Are the businesses or individuals that adopt a pothole, a street, a suburb or a stretch of road for the maintenance of potholes on a once off or an on-going basis in accordance with pre-determined adoption schedule.
Supporters
Are the businesses or individuals that provide financial or in-kind contributions as enablers of programme impact and its success.
Trustees
Are representatives from the Empowerment Gateway Group (Portugal) and other individuals selected from the Social Entrepreneurism sector. They are responsible for ensuring that the spirit of the license agreement is maintained, and to monitor that the correct implementation processes are followed and that the purpose of the programme is maintained.
Patrons
Patrons are programme endorsers. 
 
   

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Last Modified 07/09/09