Posts Tagged 'social business'

Creating a World Without Poverty

I’ve just finished reading the book from Muhammad Yunus – the 2006 Nobel Peace Prize winner. It is an inspiring book that can touch your heart and motivate you to fight against poverty. At the same time, it did not quite match my expectations in terms of content, so I’d like to make clear in this review what you should and should not expect from this great book.

First of all, Muhammad Yunus presents his vision of the social business. It is a powerful idea based on challenging the assumption of one-dimensional human beings that aim at maximizing profit. This concept lies at the core of established economic theories, and supports the current notion of the business that should maximize value for its shareholders. The social business is totally dedicated to solving social or environmental problems. It is different from charities or NGO’s as it does not generate losses, and it’s different from profit-maximizing businesses as it does not pay dividend. Continue reading ‘Creating a World Without Poverty’

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