Ayoungman found that the exhibition industry has a highly mixed characteristic of public goods and private goods. Should it be turned into a social enterprise?!
Whether or not an exhibition company should turn into a social enterprise is a complex decision that depends on a number of factors, including the company's mission, values, and goals.
There are several potential benefits to becoming a social enterprise. First, it can help the company to attract and retain customers and employees who are passionate about making a social impact. Second, it can give the company access to new funding opportunities and tax breaks. Third, it can help the company to build a stronger reputation and brand identity.
However, there are also some potential challenges to becoming a social enterprise. First, it can be difficult to balance the social mission of the business with the need to generate revenue. Second, it can be difficult to measure and report on the social impact of the business. Third, it can be difficult to find the right social impact partners.
Overall, the decision of whether or not to become a social enterprise is a business decision that should be made on a case-by-case basis. There is no right or wrong answer, and the best approach will vary depending on the specific circumstances of the company.
Here are some additional things to consider when making the decision:
* What is the company's social impact potential?
* What are the company's social impact priorities?
* What are the company's resources and capabilities?
* What are the company's customers and employees expecting?
* What is the competitive landscape?
Once the company has considered all of these factors, it can make an informed decision about whether or not to become a social enterprise.
Here are some examples of how exhibition companies can become social enterprises:
* Partner with nonprofits that support social causes related to the company's mission.
* Donate a portion of profits to social causes.
* Hire and train people from marginalized groups.
* Use sustainable and ethical practices in its operations.
* Promote social causes through its exhibitions.
By taking these steps, exhibition companies can make a positive social impact while still running a successful business.