Social enterprise is an enterprise which has its reach and influence beyond the boundaries of its own policies and physical networks. In other words, social enterprise permeates into the society. In this 21st century, our society is increasingly networked through devices, channels and deeper engagements between stakeholders. Hence major telecom service providers envisage our future society as ‘network society’. Terms like social enterprise and social business gain more prominence and wider meanings in the terrains of networked societies.
As per the definitions of social capital scenario, labor hires capital in a social enterprise. Hence capital will be circulating more frequently and intensely than labor in a social enterprise. Due to this pace or acceleration, naturally accumulation of capital will differ from conventional enterprises. More than through static accumulation, capital will grow through circulation in a social enterprise scenario. Hence it’s growth cannot be measured at a specific geographic location in a social enterprise. Rather, capital will be distributed across the key locus points of circulation of capital. NGOs, civil society organizations etc are some good examples for social enterprise. This capital that circulates non-linearly in a social enterprise can be simply defined as social capital. To govern social capital, thus we need a decentralized power structure within the organization.
Thus NGOs and similar organizations that aspire to build a networked society of social enterprises will be following a decentralized power structure. This seems to be one of the primary reasons why NGOs actively support a decentralized power structure and political economy world wide. As the world around us is increasingly becoming a networked global society, we will see the conflict between the accumulating and circulatory tendencies in the finance capital formations. In such a situation, it is sure that social capital and social enterprises will face challenges in confronting the socioeconomic and political pressures from the global finance capital controlled by trans-national trade networks and multi-national corporate companies. It will be a money ball game worth watching !!