Social Business

What is a sociable personal credit line? refresher for Global cordial occupancy Summit Participants 4 November 2010 Autostadt in Wolfsburg, Germany Muhammad Yunus vision Market-based solutions to accessible line of works I am proposing to create another(prenominal) kind of work, based on selflessness that is in alone of us. I am affair it loving lineage. Prof. Muhammad Yunus Nobel Peace booty Laureate Inventor of Microfinance offend of the Grameen Bank Initiator of the thought process of tender business 2 What is a favorable business? Non-loss, non-dividend bon ton providing a solution to a social problem NGOs/Public Sector Social Business Traditional Business Ends Social & environmental solutions cyberspace maximization Means Donations or taxes Selfsustainable Social business unites the dynamism of traditional business with the social conscience of charity - Prof. Yunus 3 The seven principles of social bus iness As defined by Prof. Yunus 1. Business objective exit be to overcome poverty, or one or more problems (such as education, health, technology access, and environment) which threaten people and society; not dinero maximization 2. Financial and economic sustainability 3. Investors get put up their investiture amount only. No dividend is given beyond enthronement money 4. When investment amount is paid back, company profits stays with the company for expansion and improvement 5. Environmentally aware 6. Workforce gets market wage with discover working conditions 7. do it with joy 4 Social goals In principle, social businesses itch help address all or most social issues Types of organization Social businesses are typically incorporated as hold companies or another legal form with decipherable ownership rights However, these social businesses can be initiated or operated by: o Individual entrepreneurs o Private companies o NGOs o Foundations o Governments Existing entities can also b! e reborn into social...If you postulate to get a full essay, order it on our website: OrderCustomPaper.com

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