My Definition of Social Business
Posted on April 6th, 2009 by tim bursch. Filed under business, social action.
Muhammad Yunus is well known in the social entrepreneur community. He has used business skills to make a huge impact in many people’s lives. His definition of a social business can be found here.
I think social enterprises (think Kiva and Donorschoose) are on the leading edge of positive social change. But what about business? A lot of the news is greed and corruption. Can a bank have social impact? What about a grocery store? Why not?
I believe social business can be any company, of any size, that intentionally integrates a social mission into their business. This could take many forms of investment:
- a coffee company giving to at-risk youth.
- a new way to do classifieds that connect people and benefit communities.
- an investment of profits in a Kiva project.
Business can help change the world and tackle social issues like poverty, racism, the digital divide, and hunger. I know people and business are doing this. Tell me what you see?
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