The Seven principles of social Business
|1||Business objective will be to overcome poverty, or one or more problems (such as education, health, technology access, and environment) which threaten people and society; not profit maximization.|
|2||Financial and economic sustainability|
|3||Investors get back their investment amount only. No dividend is given beyond investment money|
|4||When investment amount is paid back, company profit stays with the company for expansion and improvement|
|5||Gender sensitive and environmentally conscious|
|6||Workforce gets market wage with better working conditions|
|7||...Do it with joy|
Author's Summary on Creating a World Without Poverty While free market capitalism is thriving globa...
I am not opposed to making profit. Even social businesses are allowed to make profit with the condit...