4. Yunus Centre Statements Our Vision Our Mission Putting poverty into poverty museums Promoting and developing Social Business to put poverty into poverty museums by year 2050
8. Social business is the missing piece to combine the market with the fight against poverty and other social ills Current economic theory only postulates a single dimensional human being – The profit maximizer Grameen's Answer The Need for Social Business
9.
10. A social business is a non-loss, non-dividend company designed to address a social problem. The profits are used to expand the company’s reach and improve the products and/or services Social Business Definition – Type I
11. 1. 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 2. Financial and economic sustainability 3. Investors get back their investment amount only. No dividend is given beyond investment money 4. When investment amount is paid back, company profit stays with the company for expansion and improvement 5. Environmentally conscious 6. Workforce gets market wage with better working conditions 7. …do it with joy Social Business Principles
12. Investment Product Sales Profit Cycle of Social Business Return of initial investment Initial investment Reinvestment Source: Yunus Centre Identifying a social need How Does Social Business Work?
13. Type I Type II Definition: Refers to a social business that focuses on providing a product and/or service with a specific social, ethical, and/or environmental objective Example: Grameen Danone Definition: Is a profit-oriented business that is owned by the poor, who can gain through receiving direct dividends or by some indirect benefits Example: Grameen Bank Social Business Types
28. "Building Social Business" New Book! The book examines the roles of social businesses in today ’ s global economy 3. Provides the background, challenges, and successes of specific social businesses 2. Explains the principles of social business 1. Begins where Creating a World Without Poverty ended
29.
30. Thank you very much!!! Your Yunus Centre... www.yunuscentre.org, www.grameensocialbusiness.org, Twitter, Facebook