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International Marketing and Real Estate
Pages 10 (2510 words)
Social businesses Student’s Name Grade Course Instructor’s Name (22nd, March. 2013) Table of Contents Table of Content Definition of Concept of Social businesses 3 Concept of Social businesses 3 History of Social businesses 4 Usage of Social businesses 7 Number of users 8 India 9 America 9 Africa 10 Income 11 Growth 11 The future of social businesses 12 Bibliography 13Social businesses Definition of Concept of Social businesses Social businesses are businesses and organizations that are non-loss and still non-dividend, which are established to fulfill a certain social objective, in the context of a highly regulated market (Yunus, 7)1.
Concept of Social businesses The actual concept of a social business entails the establishment of an entity that has a social objective, rather than a financial objective, although it applies a business model to generate the necessary resources that will help it achieve the social objective. Nevertheless, Social businesses are different from the Non-profit businesses and the Not-for profit organizations in that, while the Non-profit business depend on outside funding to be able to accomplish their social missions and objective, the Social businesses operate under a self-financing mechanism, meant to generate moderate profits, which then helps the business to expand its social offerings and reach more of the recipients in the society (Bari, 116). ...
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