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Social businesses Grade Course (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…
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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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