The new economy “Social Business”

Prof. Yunus Nobel Peace Prize has new approaches to solve all the world problems that we are seeing today. Social business is a cause-driven business. In a social business, the investors or 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 services for the poor, nutrition for malnourished children, providing safe drinking water, introducing renewable energy, fair salaries in an ethic business way. The impact of the business on people or environment, rather the amount of profit made in a given period measures the success of social business. Sustainability of the company indicates that it is running as a business. The objective of the company is to achieve social goals. Clarifications on Social Business, this concept are 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 monopolies the market and take the existing option away. It adds to the competition.  It brings a new dimension to the business world, and a new feeling of social awareness among the business community. When we approach the concept of social business from the philanthropy side, it looks very convincing and logical. Why should everything in philanthropy be given away? If some of these goals can be achieved more efficiently and sustainably in a (social) business format, then why not take that route? After all our purpose is to achieve the social goal. But when you approach it from the orthodox business side, it tends to look a bit out of tune. Why on earth give up profit? Why should anyone run a business without profit? I understand the surprise perfectly.  Let’s clarify it: it is not asking any businessperson to give up any of their businesses. Nor asking them to convert some of their businesses into social business. The idea of "giving up" something creates this shock wave. The paradigm is not asking anybody to "give up" anything. All is saying, if you are worrying about a social problem (while totally engaged in your routine business) Social Business have a message for you, you can make a significant contribution in resolving the problem. If you put your mind seriously into it, you may even open the door to eliminate the problem globally. You can do both: conventional business and social business. While you reinvest your money in your own company, everybody benefits from it. The owner, the employer, the clients, the community, the region, the country the whole planet.

Bernardo Javalquinto

 

Views: 5

Comment by chris macrae on September 12, 2015 at 10:28pm

congratulationso n prize from rome http://premiosciacca.it/

Comment

You need to be a member of 50 curriculum of sustainability generation, POP ,SOCb .... to add comments!

Join 50 curriculum of sustainability generation, POP ,SOCb ....

More record makers:

Paul Polak

Paul Farmer

Jeff Skoll

Larry Brilliant

Andrew Ng

Ying Lowrey

Neville Williams

Iqbal & Kamal Quadir

Jaqueline Novogratz

Steve Wolfram

Ingrid Munro

Paul Komesaroff

Gordon Dryden

Madhav Chavan

Martin Hirsch

Maria Nowak

Amma

Zara Marsellan

Al Hathaway

Dr Beck

Richard Blum

Jeroo Billimoria

John Banham

Shelly Batra

Eleni Gabre-Madhin 

Nancy Wimmer

 

Youth

Qin Yuefei

Zoe Lamont

Eva Vertes

Khairunnisa Ash'ari

Hub Founders:

IHUB

1776

500 women

Funding Founders: Imperative Fund

Give Directly

 

Recent Late Greats:

President Kalam

Alvin Toffler

Ray Andersen

Wangari Maathai

Norman Borlaug

Abdul Latif

Nelson Mandela

 

understandentrepreneurialrevolution.doc

Future of University - Ning

JOSB is home for valuetrue microcredit ratings inspired by scottish microeconomists- papers relating to our 3 primary criteria:

  • a) is microcredit owned by or in trust for poorest? - journalise why is impact of this vital apart from ensuring value of productivity is sustained (not sucked out);
  • b) every service of the microcredit aims to redesign value chain around the microentrepreneur in ways that minimise risk of being an individual income generator provided you are a hard worker; such microfranchising is arguably the biggest source of 3 billion new jobs that the net generation can co-create if you value the login of our 1984 future history on the net generation
  • every opportunity to integrate technology and energy is attended to since history shows these are the only stimuli that can exponentially advance communities wealth and health

top 50 social business and youth job creating networks - journal and other links to following- coming soon

process-

1 jobs competitions -external link 1

2 institutes of social business : linking complete catalogue of cases and action contacts -external link 1

3 singforhope & networks of Future of Heroes (mass media )  -artists & youth peace corps in every community -external link 1

Keynes implied that economists either design or destroy the futures that most people want

Designing the futures that most people want from

4 banking designs value chains of finance &

5  membership integrated with developing healthcare

6 job creating education

7 value chain transformations in selected areas of agriculture ( including feed the future :food security)

8 Where is mobile a gamechanger in microeconomics of a whole sector

9 banks with values -next transformations and goodwill wars - eg mobile currency

APPS and Microfranchises

10 where is micro energy on moores law - doubling total solar energy units installed annually - eg grameen shakti 2012 growing from millon to 2 million!

11 the free nursing college - goal to celebrate girl power by ending nurseless villages

12 celebrating the greatest social business apps of nutrition

 microcredit.tv and valuetrue's 3 ratings as yet only reveal 6 AAA microcredit models

13 Grameen in Bangladesh but not as averagely funded abroad

14 BRAC everywhere

15 jamii bora for kenya an mobilising youth to end sluns

16 microloanfoundation for extreme rural african microcredit models with help from knowledge nets in Boston and London

17 ADIE leading model for end underemployement in Europe

18 Conscious Capitalism selected local parthers in microcredit eg as integrated into total brand reputaion and purpose of whole foods

19 Patent pools and other youth-mediated partnerships where open sourcing technology for poorest is wholly valued by most trusted leaders of our times- 1 million times more collaboration tech than when man raced to moons in 1960s

Investing in net- generation - Goals, visions, future purposes people need most out of every global village

20 ONE GOAL- Youth Investment Banking - first 10000 youth-led projects

21 can make 2015+ goals more systemic than millennium goals version 1

Entrepreneurial Revolution (Year 40 of The Economist challenge leadership genre)  transformations of 20thC systems through youth mediated partnerships and cross-cultural maps -back from future sustainability of borderless world:

30 Future of Economics - Go micro before too big to exist systems end up on Orwell's Big Brother endgame

31 search for 100 leaders of 2010s = worldwide youth's most productive decade - external link www.wholeplanet.tv

32 changing charity, foundation -eg social impact bonds
33 changing gov - eg privatisation owned by communities and grassroots networks

34 changing corporations and media

35 conflict resolution eg through millennium goal shared franchises

36 changing professions

40 US Student competition to end illiteracy

41 US student competition to end food deserts

42 US student competition to regenerate localities around skill bases global industry exited from

43 News of student competition priorities from 12000 Japanese Stident Competition Expo

44 microcredit selection lists by application - wholeplanetfoundation chooses worldwide's most fit microcredits for regenerating rural communities near places that already produce world class produce

48 Stuctural advances in Social Business Capital

49 Viralise Trillion Dollar Audits - what's each global village markets most sustainable human purpose

50 Updating League table of 20 greatest innovation partnerships for 2010s

© 2017   Created by chris macrae.   Powered by

Report an Issue  |  Terms of Service