Author Topic: Social Business  (Read 452 times)

Offline mir

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Social Business
« on: March 20, 2016, 03:33:09 PM »
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

A social Business is a business, that follows the 7 Principles!

Offline mir

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The 7 Principles of Social Business
« Reply #1 on: March 21, 2016, 12:36:01 PM »
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.

Offline gour2010

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Re: Social Business
« Reply #2 on: May 10, 2016, 10:29:23 AM »
concept is good but is it practicing?..........

Offline asitrony

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Re: Social Business
« Reply #3 on: May 25, 2016, 05:53:26 PM »
innovative concept!

Thanks for sharing.

Offline Madhusudan Das

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Re: Social Business
« Reply #4 on: June 05, 2016, 12:18:29 PM »
Nice concept...Thanks for sharing
MadhuSudan Das
Lecturer, BTHM, DIU.

Offline Showrav.Yazdani

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Re: Social Business
« Reply #5 on: July 02, 2016, 11:48:58 AM »
Thanks for sharing.
Regards,
Showrav
Lecturer
Dept. of Business Administration