Social Business
Professor Muhammad Yunus join hands with Yoshimoto Kogyo a leading entertainment company in Japan to form yunus-yoshimoto Social Action (yySA)
In April 2011 Yoshimoto Kogyo, a leading entertainment company in Japan, initiated the “Living in Your Local Community Project” dispatching comedians and staff to 47 prefectures of Japan. The goal is the revitalization of these areas facing demographic decline, by living and working in those areas. This project combines Yoshimoto local comedians and staff and other local stakeholders who work together to improve the social and economic challenges and to make life better for the resid...
尤努斯致全球社会事业中心公开信：切勿混淆社会事业与社会企业 2
尤努斯致全球社会事业中心公开信：切勿混淆社会事业与社会企业 穆罕默德·尤努斯教授 2020 年 1 月 9 日尊敬的尤努斯社会事业中心（YSBC）主任， 来自达卡尤努斯中心的问候！这是一条简短的注释，旨在引起您对“社会事业”，“社会企业 家精神”和“社会企业”之间差异的关注。这些概念的差异在某些著 作中被模糊了，甚至混淆使用——而这...
A Note on Social Business and Social Entrepreneurship
Muhammad YunusJanuary 12, 2020 This is a short note to draw your attention to the difference between Social Business, Social Entrepreneurship, and Social Enterprises. In some writings I see the differences are blurred or even the terms are used interchangeably. It will be damaging to the concepts to use these terms interchangeably. I have tried to clarify this in my writings in the past. But I see that the confusion still persists. I have defined social business as a business which is ...
Why Social Business?
-Professor Muhammad Yunus In 1976, when I began the Grameen Bank project, I was merely trying to help a handful of people in Jobra, a small village next to Chittagong University where I was teaching.I had found that the poor men and women there remained slaves to the local money-lenders for tiny amounts of money to support their income generating activities. It was then that I decided to lend 42 people an amount $27 dollars of my own money to free themselves from the loan sharks. I was astounded...
Social Business
Social business is a cause-driven business. In a social business, the investors/owners can gradually recoup the money invested, but cannot take any dividend beyond that point. Purpose of the investment is purely to achieve one or more social objectives through the operation of the company, no personal gain is desired by the investors. The company must cover all costs and make profit, at the same time achieve the social objective, such as, healthcare for the poor, housing for the poor, financial ...
What is Social Business ??
A social business is a non-dividend company dedicated entirely to achieve a social goal. In social business, the investor gets his/her investment money back over time, but never receives dividend beyond that amount. The sole purpose of the business is to solve a predetermined social problem in a sustainable way.The 7 principles of Social Business are: Business objective will be to overcome poverty, or one or more problems (such as education, health, technology access, and environment) which t...
The Seven principles of social Business
1 Business objective will be to overcome poverty, or one or more problems (such as education, health, technology access, and environment) which threaten people and society; not profit maximization. 2 Financial and economic sustainability 3 Investors get back their investment amount only. No dividend is given beyond investment money 4 When investment amount is paid back, company profit stays with the company for expansion and improvement ...
Clarifications on Social Business
I am not opposed to making profit. Even social businesses are allowed to make profit with the condition that profit stays with the company; the owners will not take profit beyond the amount equivalent to investment. Social business is a new category of business. It does not stipulate the end of the existing type of profit-making business. It widens the market by giving a new option to consumers. It does not intend to monopolise the market and take the existing option away. It adds to the competi...
A Learning Process
It is a great learning process. You are doing things which you never did before. You are thinking in a way which you never did before. You are surprised to see you are enjoying it a lot. You start digging into your experiences to see what is relevant for the task. You check through the reservoir of technology that you are familiar with, start contacting the pool of experts that you have gotten to know in your business, to achieve your new goal. You start exploring a new world which was totally u...
Author's Summary on Creating a World Without Poverty
Author's Summary on Creating a World Without Poverty While free market capitalism is thriving globally, almost unopposed now, and bringing unprecedented prosperity to many, half of the world lives on two dollars a day or much less. Eradication of poverty remains the biggest challenge before the world. Colossal social problems and deprivations, mostly poverty-related and very unevenly distributed around the globe, continue to shame us everyday. Obviously the free market has failed much of the wo...
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