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What is Triple benefit

Chapter 8
Developing Entrepreneurial Competencies for Start-Ups and Small Business
Triple benefit is a framework with three parts: social, environmental (or ecological and local) and financial. The social enterprises are founded on the principle of triple benefit in the Czech Republic. They should fulfil all three parts at the same time.
Published in Chapter:
Competencies, Skills, and Goals Needed for Social Enterprises: Case of the Czech Republic
Zuzana Palová (Business and Employment Support Centrum, Czech Republic) and Jarmila Šebestová (School of Business Administration in Karvina, Silesian University in Opava, Czech Republic)
Copyright: © 2020 |Pages: 20
DOI: 10.4018/978-1-7998-2714-6.ch008
Abstract
Competencies, skills, and goals are a significant part of social enterprises. They carry out the social mission, but the founders and providers need a set of skills which could help them to be successful in those beneficial projects. The aim of this chapter is to define the rightest competence of the founders of social enterprises in the case of the Czech Republic. These competencies will be a combination of competencies suitable for the profit and non-profit sectors. Finally, the evaluation model of triple benefits is suggested and evaluated. This model is based on the primary research evaluation, and on the social return of investment ratio (SROI). There is a place to improve this situation and evaluate the efficiency of triple benefit by the real societal impact in the region as was proposed in this chapter; on the other hand, effectiveness is built on significant factors based on field study, which support networking, willingness to make social innovations and other activities.
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Chapter 8
Non-Profit Organization Involvement Into the Sustainable Development Goals
It is defined as a framework for operation of social and not-for-profit organizations in the Czech Republic in three areas, such as economic, social, and environmental.
Published in Chapter: Non-Profit Organization Involvement Into the Sustainable Development Goals; From: Handbook of Research on Novel Practices and Current Successes in Achieving the Sustainable Development Goals
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