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- Eco system
Definition
A dynamic and interdependent living community of people, parts, or mechanisms that interact with one another. The term was coined by Arthur Tansley, a British Ecologist, who said that ecosystems have the capacity to respond to change without altering the basic characteristics of the system. A business can be viewed as an ecosystem, as can a market, industry, or economy.
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- Social enterprise
Definition
Social enterprises are businesses that trade to tackle social problems, improve communities, people’s life chances, or the environment.(socialenterprise.org.uk). The characteristics of a social enterprise are the following: Have a clear social and/or environmental mission set out in their governing documents Generate the majority of their income through trade Reinvest the majority of their profits Be autonomous of state Be majority controlled in the interests of the social mission Be accountable and transparent
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- Third space
Definition
Third space refers to a vision for universities which expands the campus boundaries as they work with different sectors of our society―academic, corporate, non-profit, governmental, cultural, and community to forge outward-looking connections and to co-produce knowledge and innovation. According to Nancy Cantor (2010, p4) 'one might imagine it as a two-way street for teaching, learning, and discovery.' http://surface.syr.edu/cgi/viewcontent.cgi?article=1001&context=chancellor