Principles of Social Business |
Seven Principles of Social Business
Seven Principles of Social Business (SB) were developed by Prof. Muhammad Yunus at the World Economic Forum in Davos, January 2009
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Business objective will be to overcome poverty, or one or more problems (such as education, health, technology access, and environment) which threaten people and society; not profit maximization
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Financial and economic sustainability
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Investors get back their investment amount only. No dividend is given beyond investment money
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When investment amount is paid back, company profit stays with the company for expansion and improvement
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Environmentally conscious
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Workforce gets market wage with better working conditions
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