test Building Social Business: The New Kind of Capitalism that Serves Humanity’s Most Pressing Needs
| Building Social Business: The New Kind of Capitalism that Serves Humanity’s Most Pressing Needs |
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This third book by Professor Yunus, following Banker to the Poor and Creating a
World Without Poverty, is dedicated solely towards the concept of social business, its implementation, and its maintenance. Social business is an innovative business model which promotes the idea of doing business in order to address a social problem, and not to maximize profit. As the title suggests, this complement to traditional capitalism truly can serve humanity’s most pressing needs, especially poverty. Each and every social business creates employment, good working conditions, and of course, addresses a specific social ill such as lack of education, healthcare, and good nutrition. In simple terms, a social business is a non-loss, non-dividend company dedicated entirely to achieve a social goal. In social business, the investor gets his investment money back over time, but never receives dividend beyond that amount. The Grameen Bank is a prime example of social business, with the Grameen borrowers themselves being its shareholders!
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Comments (3)
Jack Li
- Entrepreneur
May 16, 2011
Your ideas behind 'Social Business' are not just for 3rd world or developing countries. Infact, major players in europe who haven't recovered from the 'Global Crisis' should think hard to invest in such social business concept of yours, now.
Sorry to say this but I'm glad that you're no longer with the bank so that you can devote more time on creativity and innovations to come up with new ideas or concepts for such businesses and campaign them worldwide. Good luck & God bless! !joomlacomment 4.0 Copyright (C) 2009 Compojoom.com . All rights reserved." |
