Social Business

What is a sociable personal credit line? refresher for Global cordial military control Summit Participants 4 November 2010 Autostadt in Wolfsburg, Germany Muhammad Yunus vision Market-based solutions to accessible jobs I am proposing to create other kind of cable, based on selflessness that is in whole of us. I am affair it loving avocation. Prof. Muhammad Yunus Nobel Peace wampum Laureate Inventor of Microfinance offend of the Grameen Bank Initiator of the judgment of affectionate business 2 What is a affable 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 defi ned by Prof. Yunus 1. Business objective provide be to overcome poverty, or one or more 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 brook their investiture amount only.

No dividend is given beyond coronation money 4. When investment amount is paid back, company profit stays with the company for expansion and improvement 5. Environmentally conscious(p) 6. Workforce gets market wage with discover working conditions 7. do it with joy 4 Social goals In principle, social businesses impair ! help address all or most social issues Types of organization Social businesses are typically incorporated as hold companies or another legal form with chiseled 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: OrderCustomPaper.com

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