Published on Aug 2, 2012 by WorldEconomicForum
Adidas shoes for less than one euro? Muhammad Yunus re-imagined our social future and helped make it happen. Yunus argues that too many businesses are focused exclusively on financial profits.
For a new world to emerge, Yunus believes we need a new structure: creating social businesses to solve social problems.
A social business is financially sustainable but does not pay dividends; instead, any profits stay within the business to fund future activities. Its focus is solving social problems, such as providing employment or addressing health and educational issues.
Yunus concludes that there is no invisible hand; it is up to us to re-imagine and create the social structure we need.
- Muhammad Yunus: How We Can Bring About Change (huffingtonpost.com)
- Social Business More Lasting than Charitable Organizations (businessuck.com)
- Muhammad Yunus Announces Financing in Haiti (abcnews.go.com)
- Muhammad Yunus: A Global Conversation to Join (huffingtonpost.com)