Social Business

Businesses that simply do good

“I am proposing to create another
kind of business, based on selflessness
that is in all of us. I am calling it social business.”
Professor Muhammad Yunus

Business rethought and done another way: if entrepreneurial undertakings do not seek maximum profits but rather maximum benefit for people then one is speaking of social business – innovative business models that are consistently focused on finding solutions to social problems. In short: businesses that simply do good.

Nobel Peace Prize Laureate Professor Muhammad Yunus developed the social business idea and elucidated his concept by summarising it through a presentation of seven basic principles. His concept is not the product of drab theory but rather of life experience. Grameen Bank in Bangladesh, which was founded by Prof. Yunus, provided the poor with a new outlook on life by giving them small loans on fair conditions. It is properly referred to as the “mother“ of all social businesses: financially independent, economically sustainable, and successful in pursuing its social purpose.

Would you like to know more about social business?

→ Here is where you can learn more about the social business concept.

→ Here we present you selected social business examples.

→ To learn how social business came to be, read here

→ Here you can learn more about Prof. Yunus