Journal article

Beyond philanthropy: Community enterprise as a basis for corporate citizenship

P Tracey, N Phillips, H Haugh

Journal of Business Ethics | SPRINGER | Published : 2005

Abstract

In this article we argue that the emergence of a new form of organization - community enterprise - provides an alternative mechanism for corporations to behave in socially responsible ways. Community enterprises are distinguished from other third sector organisations by their generation of income through trading, rather than philanthropy and/or government subsidy, to finance their social goals. They also include democratic governance structures which allow members of the community or constituency they serve to participate in the management of the organisation. Partnerships between corporations and community enterprises therefore raise the possibility of corporations moving beyond philanthrop..

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University of Melbourne Researchers