Daffodil International University

Faculties and Departments => Business & Entrepreneurship => Topic started by: mir on March 20, 2016, 03:33:09 PM

Title: Social Business
Post by: mir 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!

Title: The 7 Principles of Social Business
Post by: mir 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.

Title: Re: Social Business
Post by: gour2010 on May 10, 2016, 10:29:23 AM

concept is good but is it practicing?..........

Title: Re: Social Business
Post by: asitrony on May 25, 2016, 05:53:26 PM

innovative concept!

Thanks for sharing.

Title: Re: Social Business
Post by: Madhusudan Das on June 05, 2016, 12:18:29 PM

Nice concept...Thanks for sharing

Title: Re: Social Business
Post by: Showrav.Yazdani on July 02, 2016, 11:48:58 AM

Thanks for sharing.
Regards,
Showrav
Lecturer
Dept. of Business Administration