Social business enterprise

Social business enterprise

Social business enterprise is an economic concept innovated by Nobel Laureate Professor Muhammad Yunus whose business is designed to meet a social goal. Yunus termed Social Business Enterprise (SBE) as 'social benefit maximizing kind businesses that are created to do good to people, not paying any attention to making personal gain'. [ [http://www.nextbillion.net/newsroom/2008/02/15/muhammad-yunus-on-social-business Muhammad Yunus on Social Business Enterprisxe] ]

Features and goals

SBE is featured to be as follows :

* To be designed and operated to pass on all the benefits to the consumers.
* To be operated without incurring losses.
* To be operated competing with Profit Maximizing Enterprises (PMEs).

Profit making by an SBE shall be consistent and desirable because:

* To generate enough surplus to pay back the invested capital to the investors as early as possible.
* To generate surplus for — (i) Expansion, (ii) Improvement of quality, (iii) Increasing efficiency through introducing new technology, (iii) Innovative marketing to reach the deeper layers of low-income people and disadvantaged communities and (v) Undertake research and experimentation to improve and diversify products and services.

Example : Grameen Danone

Grameen Danone is the first project implemented as a joint venture between Grameen Trust and the Danone Groupe. As many as fifty dairy plants will be established udner this project. The first plant was inaugurated on 7th November 07 by French football icon Zinedine Zidane. It is a small plant on only 7,000 sq. ft. area cost of which is USD 1.00 million approximately. Its production capacity is 3,000 kgs yogurt per day and maximum 10.000 kgs. Currently it produces yogurt for the children which is also suitable for the adults. Yogurt is manufactured from fresh milk and also includes cornstarch, date molasses, sugar and micro nutrients (vitamin, iron. protein, iodine, zinc, calcium, etc. The product is branded “SHOKTI DOI”, meaning 'energy yogurt’. A single 80-gram cup provides 30 percent of a child’s daily requirements of vitamin, iron, zinc and iodine. The cost of production is approximately 5 cents (USD) per cup which is sold for Taka 7 only. Rural women as well as tiny shops in rural areas are engaged in product selling process. In order to procure milk from local sources, the project is actively considering developing about 500 mini dairy farms with 3-5 cows each. Such farms will be supported with micro credit by Grameen Companies and the Grameen Bank. [ [http://www.adbi.org/conf-seminar-papers/2007/07/03/2311.microfinance Grameen Danone Foods Limited : A Unique Model of Social Business Enterprise] ]

External links

* [http://www.catfund.com Catalyst Fund Management and Research]
* [http://www.socialinvestments.com Socialinvestments.com]

References


Wikimedia Foundation. 2010.

Игры ⚽ Поможем написать курсовую

Look at other dictionaries:

  • Social Business — ist ein wirtschaftliches Konzept, das oft auf den Friedensnobelpreisträger Muhammad Yunus zurückgeführt wird. In dem Bereich tätige Unternehmen sollen soziale und ökologische gesellschaftliche Probleme lösen.[1] Das Konzept soll den Kapitalismus… …   Deutsch Wikipedia

  • Social business — A social business is one which aims to be financially self sufficient, if not profitable, in its pursuit of a social, ethical or environmental goal. Examples of social businesses in the United Kingdom included [http://www.ethicalproperty.co.uk/… …   Wikipedia

  • Business Enterprise Trust — The Business Enterprise Trust was a nonprofit group founded in 1989 by television producer Norman Lear to laud companies for integrating social vision into their business plans. The Trust honored companies such as Inland Steel, where a grassroots …   Wikipedia

  • Social enterprise — Social enterprises are social mission driven organizations which trade in goods or services for a social purpose. Their aim to accomplish targets that are social and environmental as well as financial is often referred to as having a triple… …   Wikipedia

  • Enterprise 2.0 — bezeichnet den Einsatz von Sozialer Software zur Projektkoordination, zum Wissensmanagement und zur Innen und Außenkommunikation in Unternehmen. Diese Werkzeuge fördern den freien Wissensaustausch unter den Mitarbeitern, sie erfordern ihn aber… …   Deutsch Wikipedia

  • Social entrepreneurship — is the work of a social entrepreneur. A social entrepreneur is someone who recognizes a social problem and uses entrepreneurial principles to organize, create, and manage a venture to make social change. Whereas a business entrepreneur typically… …   Wikipedia

  • Business history — is the branch of economic history that deals with the history of business organizations, methods, government regulation, labor relations, and impact on society. It also includes biographies of individual companies and… …   Wikipedia

  • business organization — Introduction       an entity formed for the purpose of carrying on commercial enterprise. Such an organization is predicated on systems of law governing contract and exchange, property rights, and incorporation.       Business enterprises… …   Universalium

  • Business ethics — For the episode from the American television series The Office, see Business Ethics (The Office). Business ethics (also corporate ethics) is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical… …   Wikipedia

  • Social networking service — This article is about the type of service. For the concept of relationships between people, see Social network. For a list of services, see List of social networking websites. A social networking service is an online service, platform, or site… …   Wikipedia

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”