Tuesday, September 8, 2009

Social Business

For all business minded people--that seek profits but also a better world, think about social business. This will be the beginning of a series of posts that discusses social enterprise in its many forms. The idea was brought to me by Nobel Peace Prize winner Muhammad Yunus, who started Grameen Bank which provides micro credit loans to the poor in Bangladesh; it is probably the largest social business in the world. Please check out his book:

Creating a World Without Poverty:Social Business and the Future of Capitalism
" I am sure many people would like to create social-purpose companies if such entities were recognized by the economic system. It is a major failure of the current economic system that it cannot accommodate this basic human urge." Yunus 165


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