The Developmental Social Enterprise Awards, presented by PwC Philippines and BCY Foundation aims to recognize developing and viable organizations that are committed to a social objective, and can be multipliers of social progress through their enterprises.
About Developmental Social Enterprise
What is a Developmental Social Enterprise?
An organization with a culture centered on human value, and that exists to create societal impact alongside an ethical and viable business model. These include organizations from the cottage industry up to medium-sized enterprises with a maximum asset cap of Php 50 million, that have not only demonstrated consistent success, but have also shown a commitment to scale up.
Why Developmental Social Enterprise?
We emphasize the word “Developmental” because we recognize that there are Social Enterprises that have already achieved a measure of stability and success at a certain size but have decided they want to do more for society. Being conscious of the challenges that regular businesses face when attempting to scale up, we recognize the additional difficulties social enterprise face when they want to grow. For those that are willing to take that next step, we therefore offer not only recognition, but practical support and guidance.
How did we arrive at this Definition?
This definition was a product of research and several meetings of the Awards team composed of experts in business, accounting, finance, communications, entrepreneurship, and social development. The team acknowledges that there are various definitions on social enterprise. But they were searching for a definition that can aptly and specifically describe the kind of enterprise which can make a significant impact in society, and in building the country and the ASEAN region.
5 Key Elements of a
Developmental Social Enterprise
Enterprise must have an a priori commitment to a particular social objective
The enterprise exists primarily to solve a social objective. Social Entrepreneurs start social enterprises because of a specific social problem that they want to address. The whole enterprise operates because of this commitment to a social objective.
The social objective must be integrated in its cost of doing business or cost of goods / services.
The commitment to the social objective is explicitly seen in the enterprise’s business model. They have integrated the social objective as a cost of doing business, and not an after-profit expense. This allows for more scalability of impact as the enterprise grows and expands.
The social objective must be measurable
Social entrepreneurs put measurable targets to their social objective. As in the maxim, “you cannot manage what you cannot measure”, a well-organized Social Enterprise has clearly defined metrics that track the on-going impact of their business and adjust their business strategy accordingly, in order to maximize limited resources in creating maximum benefit.
Has a sustainable and continuous source of cash flow, demonstrated with at least 2 years in operations.
The social enterprise needs to be self-sustaining. It must have demonstrated a proof-of-concept that generates value and can sustain them for at least the next 5 years, specially during expansion.
It has the potential and willingness to scale
Because it is well-run, and its business model is committed to a measurable social objective, the social enterprise has a potential and willingness to scale in order to achieve greater impact in its pursuit of the social objective.
to be considered “developmental” means that the social enterprise’s current assets must not exceed Php 50 million. But DSE’s must have the willingness and potential to scale beyond their current size.
Qualification and Selection Process
Application is open to Social Enterprises (corporation, partnership, non-profit, cooperative or sole proprietorship) in the Philippines that has operated for at least 2 to 5 years.
Interested applicants are required to submit its completely filled out nomination form that will ask the following information:
Narrative about the business in 1500 words to include but not limited to:
- Narrative about the business in 1500 words to include but not limited to:
- How the business started. History
- Vision, Mission and Goal
- What social challenges they want to solve
- How are they going to solve these challenges
- Summary of achievements so far
- Audited Financial Statement
- Quantitative Business Information (to include but not limited to)
- Market study
- Growth and sustainability plan
- Capital requirement and sourcing
- Financial analytics
- Current and planned customer base
- Organizational / Management structure
- Awards, citations or grants received (if any)
- Any case study on the company’s impact to society, in any form such as testimonials, infographics, video, etc.
Deadline for submission: October 14, 2014
Final Awarding: December 10, 2014
Submission and judging of entries
- All applications shall be submitted online at www.dseawards.com/submission.
- The screening committee will be available online and via phone to help applicants accomplish the form if needed.
- Application forms shall be forwarded to the screening committee who will pre-screen the applicants and come up with shortlisted applicants.
- Only the completely answered questions will be submitted and screened.
Judging and selection of winners
- Shortlisted applicants will be given three options of dates wherein further clarifications and verification of responses to the questionnaire including the submitted documents, or through visit of business sites and / or interviews.
- Persons to be interviewed include key management and selected major customers and beneficiaries as recommended by the management.
- The screening committee will endorse the top fifteen applicants using the judging criteria for panel judging.
- Shortlisted applicants will receive marks based on the following criteria
- Soundness of the business plan
- Commitment and impact to solve social challenges
- Effectiveness of the business model both for social change and business
- Good governance, management, compliance and business ethics
- Innovativeness and creativeness of the business plan
- The screening committee shall create and appoint members of the panel of judges from any of the following to select seven finalists and the top winner:
- Representative from the academe;
- Representative from the social enterprise sector;
- Representative from the government;
- Representative from BCYF;
- Representative from PwC;
- Representative from the business sector;
- Representative from the media
Award and Prizes
- Top 15 finalists will be informed and will be invited to the awarding ceremony.
- The Awards ceremony will be held in Club Filipino on 10 December 2014
Prizes and Benefits
- All finalists will receive Certificates of Recognition
- Top winner will receive a plaque and cash prize and consulting support from PwC and BCYF.
- Finalists and Top winner will all get training grant from PwC and BCYF.
Do You Know A Developmental Social Enterprise?
The Development Social Enterprise Awards is presented by:
Isla Lipana & Co. is the Philippine member firm of the PwC global network. Our firm has provided professional services in the Philippines for 92 years. We stick to the highest quality standards in delivering audit and assurance, tax and advisory services within and outside the Philippines.
At PwC we believe in being ‘part of it’: part of the global conversation and movement towards responsible business practices that create positive change in the world. We have many capabilities that are relevant to CR – the same ones we use in our businesses every day – and we aim to put these to use working with others to make a difference.
Through our own CR agenda, we support and advocate social enterprise as part of its focus on community engagement.
The Benita and Catalino Yap Foundation (BCYF) was founded in 1993 as the Social Responsibility arm of the Saint Anthony College of Technology School System (SACT). It first conceptualized the DSE Awards a year ago as part of its Social Development Program. PwC was approached to sponsor, and finding the two Organizations’ visions aligned, it was decided the award instead be co-presented by both BCYF and PwC.
BCYF has a long history of projects ranging from Disaster Response and Rehabilitation (The Sagip-Baryo program), Education (The Dalubhasang Tanglaw Award for Outstanding Public School Teacher, Various Scholarships), Community Development and Sports. Now approaching its Silver Jubilee, the Foundation believes that Innovative Social Solutions can be accomplished through CSR 3.0 (Citizenship, Sustainability and Social Responsibility) -driven Social Entrepreneurship and Personal Social Responsibility.