So to give you some idea about the work we’re doing here at PPS, we’re going to describe a new development at PPS. PPS is setting up a social business, something which is sometimes also referred to as a social enterprise. It involves PPS setting up some businesses which should generate a profit, and that profit will go back to PPS to be used for charitable purposes. The businesses are largely relating to PPS’s cultural activities: there’s a circus performance arm, a visual art gallery, a theatre production company, and a graphic design and animation studio.
Sanjay has been spending a lot of time taking a key role in bringing the budget together so that it’s ready in time for presentations to potential social investors. Social investors are investors who are generally interested in getting their initial investment back, but may want little or no further return on their investment. Instead, they want to know that the profits generated will go to a good cause. Wendy has been looking at the legal structure of the social business among other things.
An analysis of the competitive and strategic positioning of these businesses is interesting. It seems there are potential growth opportunities; these reflect PPS’s competitive strengths compared to its Cambodian peers, and low cost base compared to international peers.
Haircuts
In addition to a progress update on PPS’s social business, we would like to give you an update on Sanjay’s own personal mission: to get his hair cut in Cambodia. After having had his hair cut in various other countries around the world, he would like to add Cambodia to his list. So far he has spotted a place just a short distance from PPS where haircuts are offered.
Mission status for Sanjay’s haircut mission: Looking good!
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