Source: The Financial Express
By: Jahangir Alam Sarker
2006 Nobel Peace Laureate Professor Muhammad Yunus developed the concept of social business, a special type of business dedicated to solving a social problem. A social business is a non-loss, non-dividend company where investor can recoup their investment amount but nothing beyond that. All profits go to improve the products and services offered, and/ or to increase the company's outreach.
The second yearly Social Business Day was observed on the June 28, 2011. The theme for this year's event was "Achieving the Millennium Development Goals (MDGs) through Social Business". Through observance of the day awareness on social business is created among the general masses.
The entire world is trying to find out the active technique of solving problems through experiment. Social business is inspiring and target achieving idea of Prof Muhammad Yunus. Prof Yunus wants to tie up such a business through which it will be possible to remove problems of the society and rebuild a new society. Social business is a practical technique of solving the problems of society through business.
It is an un-harmful non-profitable company which will put social problems to an end. It may be said for easy understanding that finding out of an art for removable social problems by upholding the business concept is social business.
The aim of social business is to be something beneficial to the poor people of the state. The main idea of this new concept of business is that the investor will invest and will be eligible to withdraw that money after the expiry of the scheduled time. The profits that will come from the investment shall be utilised for the welfare of the poor in areas like education, health, food, employment etc. This can not be an ordinary affair. If this can be properly practised and utilised, bringing a change in the society will not take much time.
Read more here
By: Jahangir Alam Sarker
2006 Nobel Peace Laureate Professor Muhammad Yunus developed the concept of social business, a special type of business dedicated to solving a social problem. A social business is a non-loss, non-dividend company where investor can recoup their investment amount but nothing beyond that. All profits go to improve the products and services offered, and/ or to increase the company's outreach.
The second yearly Social Business Day was observed on the June 28, 2011. The theme for this year's event was "Achieving the Millennium Development Goals (MDGs) through Social Business". Through observance of the day awareness on social business is created among the general masses.
The entire world is trying to find out the active technique of solving problems through experiment. Social business is inspiring and target achieving idea of Prof Muhammad Yunus. Prof Yunus wants to tie up such a business through which it will be possible to remove problems of the society and rebuild a new society. Social business is a practical technique of solving the problems of society through business.
It is an un-harmful non-profitable company which will put social problems to an end. It may be said for easy understanding that finding out of an art for removable social problems by upholding the business concept is social business.
The aim of social business is to be something beneficial to the poor people of the state. The main idea of this new concept of business is that the investor will invest and will be eligible to withdraw that money after the expiry of the scheduled time. The profits that will come from the investment shall be utilised for the welfare of the poor in areas like education, health, food, employment etc. This can not be an ordinary affair. If this can be properly practised and utilised, bringing a change in the society will not take much time.
Read more here
The writer is a lawyer and human rights activists. He can be reached at email: advsagar29@gmail.com
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