2. Does McDonald's is a social enterprise business company?
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These solutions may offer step-by-step problem-solving explanations or good writing examples that include modern styles of formatting and construction of bibliographies out of text citations and references. Students may use these solutions for personal skill-building and practice. Unethical use is strictly forbidden.What is Social Enterprise?
Defining a Social Enterprise
A social Enterprise has no universal definition but often refers to an organization or business that applies commercial and business strategies to maximize social impact. Social Enterprise focuses on using business strategies to achieve specific social, cultural, and environmental goals (Kerlin, 2009). The main aspect of a social enterprise is to maximize its social impact through goals that benefit the community in different fields such as education, health, environment, and poverty reduction. Social enterprises often have a goal to increase their profits while enhancing benefits to society and the environment (Kerlin, 2009). Moreover, a social enterprise does not require donations or philanthropy to sustain its goals. However, it relies on financially sustainable strategies to achieve its social goals. Examples of a social enterprise include cooperatives, community financial institutions, and nongovernmental organizations (Kerlin, 2009). Nevertheless, organizations that adopt specific strategies to solve social issues are also considered social enterprises...
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