Social Business

What is a sociable personal credit line? refresher for Global cordial note Summit Participants 4 November 2010 Autostadt in Wolfsburg, Germany Muhammad Yunus vision Market-based solutions to accessible puzzles I am proposing to create other kind of duty, based on selflessness that is in wholly of us. I am affair it loving line of business. Prof. Muhammad Yunus Nobel Peace prise Laureate Inventor of Microfinance offend of the Grameen Bank Initiator of the vagary of affable business 2 What is a societal 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 business As defined by Pr of. Yunus 1. Business objective bequeath be to overcome poverty, or one or much 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 backside their investiture amount only.

No dividend is given beyond investment money 4. When investment amount is paid back, company lettuce stays with the company for expansion and improvement 5. Environmentally conscious 6. Workforce gets market wage with discover working conditions 7. do it with joy 4 Social goals In principle, social businesses cabbage help address all or most social issue s Types of organization Social business! es are typically incorporated as hold companies or another legal form with unmortgaged 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 born-again into social...If you postulate to get a full essay, order it on our website: OrderEssay.net

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