Evaluate the practicality and effectiveness of using academic models, such as the RISE Rubric, SWOT and PEST, to assess a social enterprise

What is SWOT analysis?

• Strengths: characteristics of the business or team that give it an advantage over others in the industry.
• Weaknesses: are characteristics that place the firm at a disadvantage relative to others.
• Opportunities: external chances to make greater sales or profits in the environment.
• Threats: external elements in the environment that could cause trouble for the business

SWOT analysis is one that identify the various internal and external factors that affects the business achieving it's objective. While it is extremely effective to use for businesses who are striving to maximizes their profits, the SWOT analysis doesn't take into consideration the various aspects and measures of achieving social change that a SE looks to.

For the PEST analysis, it is very similar to SWOT other then the fact that it takes into consideration long- term external strategies instead of both internal and external. However, it has the same pitfalls as SWOT analysis, which is that it is unable to measure the social impact that a social enterprise hopes to achieve.

The RISE Rubrics, however, is a model that is made to assess and evaluate a social enterprise.

It consists of 10 different rubrics to analyze a social enterprise, with 5 pertaining to financial and 5 towards social. It is an extremely good checklist that allows social entrepreneur to keep check on whether they are doing things right. However, we must always remember that rubrics like these are not set in stone. One must properly adjust the rubrics depending on the business they are running, because a SE is dynamic and everchanging to suit the society's needs.