Tag Archives: business strategy social

Social businesses function in most ways like forprofit businesses, yet since the social impact is the primary purpose of this business, all profits have to be reinvested into the business (i.e. no dividends are paid out to the owners) or View diagram The What And How Of 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 nonloss, nondividend View diagram Social Business→