What does Social Business mean?
Definitions for Social Business
so·cial busi·ness
This dictionary definitions page includes all the possible meanings, example usage and translations of the word Social Business.
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Wikidata
Social business
Social business, as the term has been commonly used since, was defined by Nobel Peace Prize laureate Prof. Muhammad Yunus and is described in his books Creating a world without poverty—Social Business and the future of capitalism and Building Social Business—The new kind of capitalism that serves humanity's most pressing needs. 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. It is financially self-sustainable and Profits realized by the business are reinvested in the business itself, 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. 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.
Numerology
Chaldean Numerology
The numerical value of Social Business in Chaldean Numerology is: 1
Pythagorean Numerology
The numerical value of Social Business in Pythagorean Numerology is: 5
Translations for Social Business
From our Multilingual Translation Dictionary
- sociala affärerSwedish
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"Social Business." Definitions.net. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.definitions.net/definition/Social+Business>.
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