Key terms
This resource provides key terms used in the Australian social enterprise sector. It explains technical language and helps people use the same words to mean the same things.
207 results found
Value creation
The process by which an organisation generates social, environmental, and economic benefits for its stakeholders, through its activities, products, or services.
Value proposition
A statement that explains the unique benefits or value a product or service offers to customers, and why it’s better than alternatives. It answers the question: "Why should a customer choose this over others?"
Variable costs
Expenses that may change from month to month depending on the organisation's activities, such as venue hire for workshops.
Vision statement
A concise, aspirational description of what an organisation aims to achieve in the long-term, reflecting its core values and purpose.
Volunteer
An individual who offers their time, skills, and services to an organisation without receiving financial compensation, often driven by a desire to support the organisation's mission or cause.
Welcome to Country
A ceremony performed by Traditional Owners to welcome visitors to their ancestral lands, recognising their ongoing connection to Country and cultural practices.
Work Integration Social Enterprises (WISEs)
Social enterprises that provide employment and pathways to employment for people who experience structural barriers to mainstream workforce participation.
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