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Social Business
Social business was defined by Nobel Peace Prize laureate Professor Muhammad Yunus and is described in his books. In these books, Yunus defined a social business as a business: * Created and designed to address a social problem * A non-loss, non-dividend company, i.e. # It is financially self-sustainable and # Profits realized by the business are reinvested in the business itself (or used to start other social businesses), with the aim of increasing social impact, for example expanding the company’s reach, improving the products or services or in other ways subsidizing the social mission. More recently a wider body of academic research has looked at how the Blockchain and specifically smart contracts can support the development of the social business concept. Researchers are of the view that the Blockchain alongside smart contracts can act as a catalyst for sustainable social business. Unlike a profit-maximizing business, the prime aim of a social business is not to maximize ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Enterprises
A social enterprise is an organization that applies commercial strategies to maximize improvements in financial, social and environmental well-being. This may include maximizing social impact alongside profits for co-owners. Social enterprises can be structured as a business, a partnership for-profit or non-profit, and may take the form (depending on in which country the entity exists and the legal forms available) of a co-operative, mutual organization, a disregarded entity, a social business, a benefit corporation, a community interest company, a company limited by guarantee or a charity organisation. They can also take more conventional structures. Social enterprises have business, environmental and social goals. As a result, their social goals are embedded in their objective, which differentiates them from other organisations and companies. A social enterprise's main purpose is to promote, encourage, and make social change.J., Lane, Marc (2011). ''Social enterprise : empoweri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Enterprise
A social enterprise is an organization that applies commercial strategies to maximize improvements in financial, social and environmental well-being. This may include maximizing social impact alongside profits for co-owners. Social enterprises can be structured as a business, a partnership profit (economics), for-profit or Nonprofit organization, non-profit, and may take the form (depending on in which country the entity exists and the legal forms available) of a co-operative, mutual organization, a disregarded entity, a social business, a benefit corporation, a community interest company, a company limited by guarantee or a charity organisation. They can also take more conventional structures. Social enterprises have business, environmental and social goals. As a result, their social goals are embedded in their objective, which differentiates them from other organisations and companies. A social enterprise's main purpose is to promote, encourage, and make social change.J., Lane, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Social Enterprises
This is an annotated list of social enterprises sufficiently notable to have a Wikipedia article, in alphabetical order. For quick navigation, click on one of the letters: __NOTOC__{{compact ToC, side=yes, top=yes, num=yes A *Aarong * Acumen * Appropriate Infrastructure Development Group *Aravind Eye Hospitals *Ashoka B *Barefoot College *Benetech *Better World Books * Bharat Financial Inclusion Limited * BioLite * BookBox * BRAC C * CAP Markets *Care2 * Casa Mesita *Change.org * Charity Checkout * CharityVillage.com * Chavez for Charity *Chemonics *Cherie Amie * Closing the Loop *Comic Relief *Cycling Without Age D * Deep Springs International * Defy Ventures *DuckDuckGo E *Ecosia * Elephant Parade * Enercoop * Engine No. 1 *Envirofit International F *Fair Trade USA * Five Talents * FlipGive G *Grassroots Business Fund *Grameen Bank * Grama Vidiyal *Greyston Bakery H * Higher Ground *Housing Works * Husk Power Systems * HVAC (organization) I *Institute for OneWorld Health ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Economy
The social economy is formed by a rich diversity of enterprises and organisations, such as cooperatives, mutuals, associations, foundations, social enterprises and paritarian institutions, sharing common values and features: * Primacy of the individual and the social objective over capital * Voluntary and open membership * Democratic governance * Combination of interests of members/users and/or the general interest * Defence and application of the principles of solidarity and responsibility * Autonomous management and independence from public authorities, though cross-sector collaboration is common * Reinvestment of at least most of the profits to carry out sustainable development objectives, services of interest to members or of general interest Social economy enterprises and organisations have different sizes, ranging from SMEs to large companies and groups that are leaders in their markets, and operate in all the economic sectors. History Third sector As a field of stud ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Moingeon Bertrand
Bertrand Moingeon (born August 24, 1964, died October 2020), was Professor of Strategic Management is Executive Vice-President and Dean for Executive Education and Corporate Initiatives aESCP Business Schooland formerly at HEC Paris. He had a dual career in academia and in management. Author of over one hundred publications, he was a visiting professor at Harvard Business School, as well as a member of HEC Paris' Executive Board for 17 years. Elected by his peers four times running to lead the School’s Executive Education unit as Associate Dean, he was appointed Deputy Dean of HEC Paris in 2007. Under his leadership, from 1998 to 2013, the turnover of HEC Executive Education multiplied by fifteen and HEC Paris experienced a highly sustained international growth (subsidiary in China, dedicated campus in Qatar, etc.). HEC Paris was ranked number one for Executive Education by the Financial Times in 2011, 2013 and 2014. As one of the co-founders of Trium Global Executive MBA in 2 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Business Day
Social organisms, including human(s), live collectively in interacting populations. This interaction is considered social whether they are aware of it or not, and whether the exchange is voluntary or not. Etymology The word "social" derives from the Latin word ''socii'' ("allies"). It is particularly derived from the Italian ''Socii The ''socii'' ( in English) or ''foederati'' ( in English) were confederates of ancient Rome, Rome and formed one of the three legal denominations in Roman Italy (''Italia'') along with the Roman citizens (''Cives'') and the ''Latin Rights, Latin ...'' states, historical allies of the Roman Republic (although they rebelled against Rome in the Social War (91–87 BC), Social War of 91–87 BC). Social theorists In the view of Karl MarxMorrison, Ken. ''Marx, Durkheim, Weber. Formations of modern social thought'', human beings are intrinsically, necessarily and by definition social beings who, beyond being "gregarious creatures", cannot survive and me ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bottom Of The Pyramid
The bottom of the pyramid, bottom of the wealth pyramid or the bottom of the income pyramid is the largest, but poorest socio-economic group. In global terms, this is the 2.7 billion people who live on less than $2.50 a day. Management scholar CK Prahalad popularised the idea of this demographic as a profitable consumer base in his 2004 book ''The Fortune at the Bottom of the Pyramid,'' written alongside Stuart Hart. History U.S. president Franklin D. Roosevelt used the term in his April 7, 1932 radio address, ''The Forgotten Man'', in which he said, The more current usage refers to the billions of people living on less than $2.50 per day, the definition proposed in 1998 by C.K. Prahalad and Stuart L. Hart. It was subsequently expanded upon by both in their books: ''The Fortune at the Bottom of the Pyramid'' by Prahalad in 2004 and ''Capitalism at the Crossroads'' by Hart in 2005. Prahalad proposes that businesses, governments, and donor agencies stop thinking of the p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sustainopreneurship
Sustainopreneurship (entrepreneurship and innovation for sustainability) is an idea that emerged from the earlier concepts of social entrepreneurship and ecopreneurship, via sustainability entrepreneurship. The concept aims to use creative business organization in order to solve problems related to sustainability. With social and environmental sustainability as a strategic objective and purpose, sustainopreneurship aims to respect the boundaries set in order to maintain the life support systems in the process. In other words, it is a "business with a cause" – where ideally the world problems are turned into business opportunities by deployment of sustainability innovations. Definition The definition first introduced in a conference article in 2006:Abrahamsson, A. (2006) Sustainopreneurship – Business with a Cause. in Science Sustainable Development – Starting Points and Critical Reflections, Uppsala: VHU – Föreningen Vetenskap för Hållbar Utveckling (Swedish Society for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nobel Peace Prize
The Nobel Peace Prize is one of the five Nobel Prizes established by the will of Swedish industrialist, inventor and armaments (military weapons and equipment) manufacturer Alfred Nobel, along with the prizes in Nobel Prize in Chemistry, Chemistry, Nobel Prize in Physics, Physics, Nobel Prize in Physiology or Medicine, Physiology or Medicine and Nobel Prize in Literature, Literature. Since March 1901, it has been awarded annually (with some exceptions) to those who have "done the most or the best work for fraternity between nations, for the abolition or reduction of standing armies and for the holding and promotion of peace congresses". In accordance with Alfred Nobel's will, the recipient is selected by the Norwegian Nobel Committee, a five-member committee appointed by the Parliament of Norway. Since 2020 the prize is awarded in the University of Oslo Faculty of Law, Atrium of the University of Oslo, where it was also awarded 1947–1989; the Abel Prize is also awarded in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Triple Bottom Line
The triple bottom line (or otherwise noted as TBL or 3BL) is an accounting framework with three parts: social, environmental (or ecological) and economic. Some organizations have adopted the TBL framework to evaluate their performance in a broader perspective to create greater business value.Slaper, Timothy F. and Hall, Tanya J. (2011)"The Triple Bottom Line: What Is It and How Does It Work?"''Indiana Business Review''. Spring 2011, Volume 86, No. 1. Business writer John Elkington claims to have coined the phrase in 1994. Background In traditional business accounting and common usage, the "bottom line" refers to either the "profit" or "loss", which is usually recorded at the very bottom line on a statement of revenue and expenses. Over the last 50 years, environmentalists and social justice advocates have struggled to bring a broader definition of bottom line into public consciousness by introducing full cost accounting. For example, if a corporation shows a monetary profit, but t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Muhammad Yunus
Muhammad Yunus (born 28 June 1940) is a Bangladeshi social entrepreneur, banker, economist and civil society leader who was awarded the Nobel Peace Prize for founding the Grameen Bank and pioneering the concepts of microcredit and microfinance. These loans are given to entrepreneurs too poor to qualify for traditional bank loans. Yunus and the Grameen Bank were jointly awarded the Nobel Peace Prize "for their efforts through microcredit to create economic and social development from below". The Norwegian Nobel Committee said that "lasting peace cannot be achieved unless large population groups find ways in which to break out of poverty" and that "across cultures and civilizations, Yunus and Grameen Bank have shown that even the poorest of the poor can work to bring about their own development". Yunus has received several other national and international honours. He received the United States Presidential Medal of Freedom in 2009 and the Congressional Gold Medal in 2010. In 2008 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Entrepreneurship
Social entrepreneurship is an approach by individuals, groups, start-up companies or entrepreneurs, in which they develop, fund and implement solutions to social, cultural, or environmental issues. This concept may be applied to a wide range of organizations, which vary in size, aims, and beliefs. For-profit entrepreneurs typically measure performance using business metrics like profit, revenues and increases in stock prices. Social entrepreneurs, however, are either non-profits, or they blend for-profit goals with generating a positive "return to society". Therefore, they use different metrics. Social entrepreneurship typically attempts to further broad social, cultural and environmental goals often associated with the voluntary sector in areas such as poverty alleviation, health care and community development. At times, profit-making social enterprises may be established to support the social or cultural goals of the organization but not as an end in themselves. For example, a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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