StreetShine, UK’s Social Enterprise: Making the Business to make a Difference



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Code : SEP0012

Year :
2006

Industry : Personal Care Products

Region : USA

Teaching Note: Available

Structured Assignment : Available

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The Genesis of Social Enterprises
Social enterprises evolved mainly during the last three decades of the 20th century to address the needs of those segments of the society that had been neglected by the government as well as the corporate sector. Though non- profit organizations have been existing since the mid-1800s in the form of cooperatives, they received a major boost in the 1960s, when US social enterprises started experimenting with creation of jobs for the poor and the underprivileged. One such enterprise was set up in 1964 by JohnDurand who startedworking with sevenmentally-challenged persons to set up MinnesotaDiversified Industries, a for-profit social enterprise engaged in assembly, packaging, fulfillment and distribution, warehouse logistics, and plasticsmanufacturing. By 2002, the company employed over 500 people with revenue of $36 million...

StreetShine’s Business Model
In 2002, Grant, a property developer, came up with the idea of setting up shoeshine kiosks at airports and railway stations after witnessing the popularity of shoe shining in the US. Other than shoe shining,Grant also planned to generate revenues by selling advertisement space on its kiosks.During a discussionwith his friends,Grant realized the social benefits that could be generated through this idea. In his newventure,Grant intended to employ the homeless in London, at aweekly rate, for providing shoe-shining service in London’s corporate offices. He said, “We were talking about the Big Issue and hownothing had really followed on fromthat. Then I realized that aswell as being a commercial venture, this idea could have socialbenefits too.” After further market research,Grant realized that there was a need for a shoe-shining service asmany people in London were ‘cash-rich and time-poor’ and would be willing to pay for convenient personal service...

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