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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. 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, ... [...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 have business, Natural environment, environmental and social goals. As a result, their social goals are embedded in their objective, which differentiates them from other Organization, organisations and Company, companies. A social enterprise's main purpose is to promote, encourage, and make social change.J., Lane, Marc (2011). ''Social enterprise : empowering mission-driven entrepreneurs'' (1st ed.). Chicago, Ill.: American Bar Association. . OCLC 886114442. Social enterprises are businesses created to further a social purpose in a financially sustainable way. Social enterprises can provide income generation opportunities that meet the basic needs of people who live in poverty. They are sustainable, and earned income from sales is reinvested ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nobel Peace Prize
The Nobel Peace Prize (Swedish language, Swedish and ) is one of the five Nobel Prizes established by the Will and testament, will of Sweden, Swedish industrialist, inventor, and armaments 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 people 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." ''The Oxford Dictionary of Contemporary History'' describes it as "the most prestigious prize in the world." In accordance with Nobel's will, the recipient is selected by the Norwegian Nobel Committee, a five-member committee appointed by the Parliament of Norway. The prize award ceremony is held in Oslo City Hall si ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Entrepreneur
Social entrepreneurship is an approach by individuals, groups, Startup company, 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 (economics), profit, revenues and increases in stock prices. Social entrepreneurs, however, are either non-profit organization, 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 ... [...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] |
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 world problems are turned into business opportunities by deploying sustainability innovations. Definition The definition first introduced in 2006 is: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 Sustainable Development), pp. 21 ... [...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 (organization), Acumen *Appropriate Infrastructure Development Group *Aravind Eye Hospitals *Ashoka (non-profit organization), Ashoka B *Barefoot College *Benetech *Better World Books *Bharat Financial Inclusion Limited *BioLite *BookBox *BRAC (NGO), 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 *Glad Foundation *Grassroots Business Fund *Grameen Bank *Grama Vidiyal *Greyston Bakery H *Higher Ground (support group), Higher Gr ... [...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 (business author), 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 corporati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Double Bottom Line
Double bottom line (abbreviated as DBL or 2BL) seeks to extend the conventional bottom line, which measures fiscal performance—financial profit or loss—by adding a ''second'' bottom line to measure a for-profit business's performance in terms of positive social impact. There is controversy about how to measure the double bottom line, especially since the use of the term "bottom line" implies some form of quantification. A 2004 report by the Center for Responsible Business (University of California, Berkeley) noted that while there are "generally accepted principles of accounting" for financial returns, "A comparable standard for social impact accounting does not yet exist." Social return on investment has been suggested as a way to quantify the second bottom line, though defining and measuring social impact can prove elusive. The idea that for-profit corporations have an obligation to support social causes beyond their immediate interest in short-term profits dates b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Entrepreneurship
Social entrepreneurship is an approach by individuals, groups, Startup company, 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 (economics), profit, revenues and increases in stock prices. Social entrepreneurs, however, are either non-profit organization, 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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
