Social Business Definition Yunus

Yunus youth has identified a gap in skills and knowledge amongst young people interested in social development around the globe.

Social business definition yunus. Social business was defined by nobel peace prize laureate professor muhammad yunus and is described in his books. A non loss non dividend company i e. These activities operate under the for profit entity yunus social business gmbh which is set up as a social business separate from the charitable entity. 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.

Created and designed to address a social problem. Yunus social business gmbh. Msc social business and microfinance glasgow caledonian university social business is a complement to traditional profit maximising business. During 2 years at the asian institute of technology he managed the yunus center ait and was a senior officer in the program design team at ait extension.

Social business is a cause driven business. Social business definition we at yunus social business define social business as a business that is created for the sole purpose of solving a social or environmental problem. Yunus s definition of social business does not withstand scrutiny either. Social business takes into account the multi dimensional nature of human beings and uses business principles to achieve one or more social goals.

Yunus social business center of kasetsart business school was established in july 2016 promoting and implementing professor yunus rsquo. Social business takes into account the multidimensional nature of human beings and uses business principles to achieve one or more social goals. Callum has a diverse range of experiences from working in the social business and development sector in 10 countries around the world. In these books yunus defined a social business as a business.

Muhammad yunus is a bangladeshi economist who. But to suggest that they get no financial reward is misleading. Guides multinationals such as danone veolia mccain man and tata to apply their core competencies to some of the greatest human challenges. In a social business the investors owners can gradually recoup the money invested but cannot take any dividend beyond that point.

Whilst young challengers are equipped with much enthusiasm and desire to challenge the status quo they lack knowledge of the social business model and require practical support for implementing social business solutions. The company must cover all costs and. The center serves as a key criterion for kn. He includes large corporate partners who have created social business joint ventures with grameen merely because they receive no direct financial return not even 1 percent a yunus rule.