Companies willing to support social enterprises: Survey

Survey findings released by the Social Enterprise Association on Wednesday showed that 49 per cent of the corporate companies interviewed are willing to explore ways to support a social enterprise in future.

But only 34 per cent of the 155 respondents knew what a social enterprise is, and only 14 per cent could name at least one social enterprise correctly.

The Corporate Perception Survey on Social Enterprises, the first such survey by the association, was conducted by four recent graduates of the National University of Singapore Business School.

Telephone interviews were conducted with the randomly selected companies from December last year to March this year.

The survey aimed to investigate corporate companies' awareness of social enterprises. Another aim was to find out companies' willingness to purchase products and services from social enterprises, and to provide in-kind and monetary support to them.