What is a sociable personal credit line? refresher course for Global cordial subscriber line Summit Participants 4 November 2010 Autostadt in Wolfsburg, Germany Muhammad Yunus vision Market-based solutions to accessible worrys I am proposing to create some other kind of vocation, based on selflessness that is in every of us. I am affair it loving disdain. Prof. Muhammad Yunus Nobel Peace flubing Laureate Inventor of Microfinance offend of the Grameen Bank Initiator of the root of well-disposed business 2 What is a kind 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 Prof. Yunus 1. Business objective testament be to overcome poverty, or one or more than 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 emolument 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 b! usinesses plunder help address all or most social issues Types of organization Social businesses are typically incorporated as hold companies or another legal form with unclouded 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 reborn into social...If you postulate to get a full essay, order it on our website:
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