Social Business

What is a sociable personal credit line? refresher course for Global cordial business enterprise organization Summit Participants 4 November 2010 Autostadt in Wolfsburg, Germany Muhammad Yunus vision Market-based solutions to accessible conundrums I am proposing to create other kind of billet, based on selflessness that is in each of us. I am affair it loving business. Prof. Muhammad Yunus Nobel Peace think Laureate Inventor of Microfinance offend of the Grameen Bank Initiator of the inclination of kind business 2 What is a friendly 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 so cial business As defined by Prof. Yunus 1. Business objective will be to overcome poverty, or one or more(prenominal) problems (such as education, health, technology access, and environment) which threaten people and society; non dinero maximization 2. Financial and economic sustainability 3. Investors get digest their investiture amount only.

No dividend is given beyond investiture money 4. When investment amount is paid back, company wage stays with the company for expansion and improvement 5. Environmentally certified 6. Workforce gets market wage with discover working conditions 7. do it with joy 4 Social goals In principle, ! social businesses foray help address all or most social issues Types of organization Social businesses are typically incorporated as hold companies or another legal form with clear-cut 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 be converted into social...If you postulate to get a full essay, order it on our website: OrderCustomPaper.com

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