Jump to navigation Jump to search This article is about a business with a social objective. For organization designed around social tools, social media, and social networks, see social business model. This article includes a list of referencesbut its sources remain unclear because it has insufficient inline citations.
Please help to improve this article by introducing more precise citations. Created and designed to address a social problem A non-loss, non-dividend company, i. Unlike a profit-maximizing business, the prime aim of a social business is not to maximize profits although generating profits is desired.
Furthermore, business owners are not receiving any dividend out of the business profits, if any. On the other hand, unlike a non-profit, a social business is not dependent on donations or on private or public grants to survive and to operate, because, as any other business, it is self-sustainable.
Furthermore, unlike a non-profitwhere funds are spent only once on the field, funds in a social business are invested to increase and improve the business' operations on the field on an indefinite basis.
Selfishly, people do seek profit through business; however, social business is also based on the latter motive people by performing philanthropic services, like establishing churches, mosques, synagogues, art museums, public parks, health clinics or community centers.
|Grameen Bank - Bank For The Poor |||Nobel winner Muhammad Yunus explains how so-called social businesses can make everyone an entrepreneur and remedy inequality. In his new book, Nobel Peace Prize winner Muhammad Yunus shares his vision for a kinder, gentler planet.|
|The former put the latter on trial in and ultimately removed him from Grameen Bank,  citing that he was too old to run the Bank which he founded in The government of Bangladesh has played its trump card in its long-running campaign against Grameen Bank and its founder Muhammad Yunus.|
|Muhammad Yunus - Biographical - heartoftexashop.com||His new book is A World of Three Zeros: He and over a dozen other Nobel Peace laureates have signed a letter calling on the United Nations Security Council to intervene to protect the Rohingya and end the humanitarian crisis in Rakhine, Burma.|
|Share via Email This article is over 7 years old Muhammad Yunus has left as the head of Grameen Bank after a dispute with the Bangladeshi government.|
For Yunus, the profits made through a social business's operations are less important than the beneficial effects it has on society. 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.
Financial and economic sustainability Investors get back their investment amount only. No dividend is given beyond investment money When investment amount is paid back, company profit stays with the company for expansion and improvement Gender sensitive and environmentally conscious Workforce gets market wage with better working conditions Do it with joy.Nobel winner Muhammad Yunus explains how so-called social businesses can make everyone an entrepreneur and remedy inequality.
Creating a World Without Poverty: Social Business and the Future of Capitalism [Muhammad Yunus, Karl Weber] on heartoftexashop.com *FREE* shipping on qualifying offers.
In the last two decades, free markets have swept the globe. But traditional capitalism has been unable to solve problems like inequality and poverty. In Muhammad Yunus' groundbreaking sequel to Banker to the Poor.
The Nobel Peace Prize was awarded jointly to Muhammad Yunus and Grameen Bank "for their efforts to create economic and social development from below". Muhammad Yunus was born in in Chittagong, a seaport in Bangladesh.
The third of fourteen children, five of whom died in infancy, he was educated at Dhaka University and was awarded a Fulbright scholarship to study economics at Vanderbilt University. Muhammad Yunus has left as the head of Grameen Bank after a dispute with the Bangladeshi government.
Photograph: Strdel/AFP/Getty Images The Nobel laureate who founded a . May 01, · Muhammad Yunus, Nobel Peace Prize winner and founder of The Grameen Bank, speaks about his new book Creating a World Without Poverty.
Muhammad Yunus is founder and managing director of the Grameen.