Building Social Business

8301 Words Mar 19th, 2015 34 Pages
SEMINAR ADMINISTRATION DEVELOPMENT 1 BUILDING SOCIAL BUSINES ‘D’

BY

JULIUS KWAKU KATTAH

STUDENT ID. NO. UD32228BEC40802

DOCTORATE IN INTERNATIONAL ECONOMICS

ATLANTIC INTERNATIONAL UNIVERSITY, HONOLULU, USA

09/07/14

ABTRACT
The business strategy perspective argues that achieving competitive advantage hinges on pursing a coherent competitive strategy. Family businesses are also said to manifest a strong desire to develop enduring and
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In these books, Yunus defined a Social Business a business: * Created and designed to address a social problem * A non-loss, non-dividend company, i.e. 1. It is financially self-sustainable and 2. 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.
Unlike a profit-maximizing business, the prime aim of a Social Business is not to maximize profits (although generating profits is desired). Furthermore, business owners are not receiving any dividend out of the business profits, if any.
On the other hand, unlike a non-profit, a Social Business is not dependent on donations or on private or public grants to survive and to operate, because, as any other business, it is self-sustainable. Furthermore, unlike a non-profit, where funds are spent only once on the field, funds in a Social Business are invested to increase and improve the business' operations on the field on an indefinite basis. Per Yunus' quote: "A charity dollar has only one life; a Social Business dollar can be invested over and over again."
Seven Principles of Social Business
These were developed
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