...Long Range Planning 43 (2010) 308e325 http://www.elsevier.com/locate/lrp Building Social Business Models: Lessons from the Grameen Experience Muhammad Yunus, Bertrand Moingeon and Laurence Lehmann-Ortega Grameen bank, founded in 1976, has both pioneered the development of micro-finance, and created nearly 30 businesses designed to alleviate poverty. The article traces the gradual development of Grameen’s expertise in formulating social business models, which require new value propositions, value constellations and profit equations, and as such, resembles business model innovation. The article presents five lessons learned from this experience: three are similar to those of conventional business model innovation e challenging conventional thinking, finding complementary partners and undertaking continuous experimentation; two are specific to social business models: recruiting social-profit-oriented shareholders, and specifying social profit objectives clearly and early. We suggest these new business models e where stakeholders replace shareholders as the focus of value maximization e could empower capitalism to address overwhelming global concerns. Ó 2010 Elsevier Ltd. All rights reserved. Introduction The Grameen Group is a network of nearly 30 sister organizations linked to the Bangladeshi Grameen Bank, the microcredit pioneer and (together with its founder, Muhammad Yunus, one of this article’s co-authors) 2006 Nobel Peace Prize winner. This group was established in...
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......Now I know that cultural assumptions, even well-established ones, can be overturned, which is why I am excited about State of the World 2010. It calls for one of the greatest cultural shifts imaginable: from cultures of consumerism to cultures of sustainability. The book goes well beyond standard prescriptions for clean technologies and enlightened policies. It advocates rethinking the foundations of modern consumerism—the practices and values regarded as “natural,” which paradoxically undermine nature and jeopardize human prosperity. Worldwatch has taken on an ambitious agenda in this volume. No generation in history has achieved a cultural transformation as sweeping as the one called for here. The book’s many articles demonstrate that such a shift is possible by reexamining core assumptions of modern life, from how businesses are run and what is taught in classrooms to how weddings are celebrated and the way cities are organized. Readers may not agree with every idea presented here. But it is hard not to be impressed with the book’s boldness: its initial assumption is that wholesale cultural transformation is possible. I believe this is possible after having lived through the cultural transformation of women in Bangladesh. Culture, after all, is for making it easy for people to unleash their potential, not for standing there as a wall to stop them from moving forward. Culture that does not let people grow is a dead culture. Dead culture should be in the museum, not in human...
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...)EXPLANATION AND SCHEDULE OF PHASE I FOR THE MASTERS PROGRAM In the next few paragraphs we will explain very concisely all the assignments that belong to Phase I; you can also read more about them in your Student Handbook located under Master’s Program. You may access this Handbook in the AIU Online Library located in the online resources page of AIU or by clicking into the following link: Master Student Handbook We ask you to please check the Explanation, Example and Videoconference available for each one of the Phase I courses so you better understand what AIU expects from you. You can always check these documents in your student section under Document Management and click on Phase I Documents. We recommend you to click on the following link which will help you in the use of your Online Student section How Students use the Student Section. All of the Phase I assignments may be completed through these TWO options: ONLINE (Recommended): You will simply need to respond to the questions the course will ask from you when you click on START THE COURSE. OFFLINE: This means that you can save the format in your computer, complete the format entirely and then submit it to AIU. Please complete, one at a time, each of the following assignments of Phase I: 1. Communication and Investigation (Comprehensive Resume) You will be asked to provide AIU with the information of your past experience (Retrospective) along with the goals you have planned for the future...
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...one supplying affordable healthcare. The Group’s on-going experience (over almost 30 years) of building firms whose purpose is to alleviate poverty has led to the emergence of the concept of ‘social business’, which can be viewed as still being under construction. Established multinational companies (MNC) have recently shown some interest in the Grameen experience and in its fight against poverty as part of a more general emphasis on corporate social responsibility (CSR). However shareholder value maximization remains the rule in the capitalist system, and e clearly e the reconciliation of this with social objectives is often problematic. Thus, although advocates of CSR like to propose that companies should be measured by a ‘triple bottom line’ of financial, social and environmental benefits, ultimately only one bottom line usually matters: financial profit. However, research has shown that, if managed strategically, CSR projects can indeed pay off, both socially and financially.1 In the midst of the current financial and economic crisis, some companies have begun to question their role more fundamentally and seem to be awakening to social change issues. Some pioneering established companies have sought to implement more pro-active CSR policies that anticipate social trends and go beyond the minimum required,2 and this impetus has led to the rise of the number of ‘social businesses’....
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...秋田大学工学資源学部研究報告，第29号，2008年10月 17 Yogurt for Expanding Opportunities Initiative of Grameen Danone Foods Hiromi Tsuboi** Abstract Bangladesh has made significant progress in the area of human development for the last three decades. According to the human development index (HDI), Bangladesh’s HDI increased from 0.347 in 1975 to 0.547 in 2005. However the country’s HDI rank in 2005 was 140 out of 177 countries. Forty-eight percent of children under the age of five were underweight. They also lack access to healthy living conditions. In order to make the environment surrounding children healthier in rural Bangladesh, Grameen Danone Foods Ltd. launched the production of yogurt in 2006. The mission is to reduce poverty by providing a unique proximity business model that will provide daily healthy nutrition to the poor. This report first presents an overview of Grameen Danone Foods Ltd., and then, through fieldwork, examines how the lives of rural people have been improved by its activities. 1. In order to make the environment surrounding Introduction Bangladesh has made significant progress in the children healthier in rural Bangladesh, the Grameen area of human development for the last three decades. Bank, Nobel Peace Laureate 2006, proposed to form a These achievements can be captured by the human joint venture food enterprise between the Grameen development the Group and the French food company Groupe Danone. In enhancement of people’s quality of life...
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...to study the phenomenon of social business and gain an understanding of their nature, operations, objectives and implications by using the book “Building Social Business” by Professor Dr Yunus.The paper also investigates the criticisms of social business and difference between social business and CSR.Finally the paper discusses the sustainability and future of social business. Introduction Social business is a cause-driven business. In a social business, the investors/owners can gradually recoup the money invested, but cannot take any dividend beyond that point. Purpose of the investment is purely to achieve one or more social objectives through the operation of the company, no personal gain is desired by the investors. The company must cover all costs and make profit, at the same time achieve the social objective, such as, healthcare for the poor, housing for the poor, financial services for the poor, nutrition for malnourished children, providing safe drinking water, introducing renewable energy, etc. in a business way. The impact of the business on people or environment, rather the amount of profit made in a given period measures the success of social business. Sustainability of the company indicates that it is running as a business. The objective of the company is to achieve social goal/s. Social business is about making complete sacrifice of financial reward from business. It is about total delinking from the old framework of business. It is not about accommodation...
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...POWER OF SOCIAL BUSINESS IN POVERTY ALLEVIATION F-532: Business Research Methodology and Econometrics Submitted to, Dr. M. Jahangir Alam Chowdhury Professor, Department of Finance University of Dhaka Submitted by, Md. Rased Mosarraf MBA ID No.: 16-469 BBA ID No.: 16-062 MBA, 16th Batch Department of Finance University of Dhaka “Poverty does not belong in civilized human society. Its proper place is in a museum. That's where it will be.” –Dr. Muhammad Yunus Date of Submission: July 19, 2016 i Letter of Transmittal July 19, 2016 Dr. M. Jahangir Alam Chowdhury Professor, Department of Finance University of Dhaka Subject: Submission of Research Paper. Dear Sir, I am very glad to submit you the paper on “Power of Social Business in Poverty Alleviation”. I would like to say that this paper is helpful for me to know about the social business concept. I am very thankful to you for giving us such a fantastic opportunity to make a paper on this topic. I have tried my best to make this report meaningful by providing necessary information. Yours sincerely, ………………………… (Md. Rased Mosarraf) MBA Roll: 16-469 BBA Roll: 16-062 Department of Finance University of Dhaka ii Table of Contents Introduction ................................................................................................................................................. 1 Literature Review .............................................................
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..._____________________________________________1.0 Executive Summary This research purposes to find out the problems in decreasing sales of Grameen Denone Shokti Doi. Following the social business concept, French based food and beverage company Denon started its operation by making an agreement with Grameen group which is named as Grameen Danon. Grameen Danon launched in 2006 and they officially launched their 1st package of product named Shokti doi as the main concern of Shokti doi is to provide nutrition to the poor children of Bangladesh which can able to fulfill their nutritional requirements. As they started their business they have faced lots of obstacles such as the lack of proper distribution, non-standardized management along with localization problem. Also, the distribution through women raised the fact of cultural barriers. The unplanned product and overstated pricing strategy also become a fact of their market loss. Various key factors like Product, Price, Promotion, Proper segmentation and target market are also play a big role in terms of generation revenue for n organization. Based on our research objectives and other related subjects of the research, we developed few hypotheses for it, which we have tested by our primary and secondary data that we have collected by survey. The data we have collected can be divided into two categories are Primary Data and Secondary Data. Primary data refers to the data collected from the survey that we have conducted among the...
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...NE 2012 DANO LITY ABI TAIN SUS RT EPO R ance Perform and Strategy IC RATEG TS ST LIGH HIGH For All, Health, Nature People, E RmAnC fo GRI pERoRS T IndICA SUSTAINABILITY REPORT 2012 STRATEgY 4 EDITORIAL FRANCK RIBOUD 6 KEY SOCIAL TOPICS NUTRITION AND HEALTH ISSUES SOCIAL ISSUES ENVIRONMENTAL ISSUES 7 10 12 14 STRATEgY 2012 HIgHLIgHTS HEALTH FOR ALL PEOPLE NATURE 15 22 28 34 40 MEASURINg PROgRESS AND PERFORMANCE THROUgHOUT THE VALUE CHAIN DANONE WAY RESPECT DANONE’S EVALUATION BY NON-FINANCIAL RATING AGENCIES 41 46 56 HISTORICAL APPROACH AND HIgHLIgHTS REFERENCE DOCUMENTS HIGHLIGHTS AND KEY DATES 1972-2012 57 58 50 2 Danone Sustainability Report 2012 PERFORMANCE 62 gRI INDEx Self-evaluation of the application of GRI according to version 3.0 guidelines for the GRI with approval by KPMG Audit. 72 IMPACTS AND RESPONSIBILITIES IN BUSINESS, FROM END TO END 74 COMPANY PROFILE AND REPORT PARAMETERS COMPANY PROFILE REPORT PARAMETERS VALIDATION OF THE REPORT BY AN EXTERNAL THIRD PARTY 75 76 83 86 PERFORMANCE INDICATORS GOVERNANCE, COMMITMENTS AND DIALOGUE ECONOMIC ENVIRONMENTAL SOCIAL HUMAN RIGHTS SOCIETY PRODUCT RESPONSIBILITY 86 94 102 134 152 158 166 176 CONTACTS Danone Sustainability Report 2012 3 SUSTAINABILITY REPORT 2012 EDITORIAL FRANCK RIBOUD he year 2012 confirmed in spectacular manner the profound shift in the global economy that is gathering pace. On the one hand, new economic powers...
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..._____________________________________________1.0 Executive Summary This research purposes to find out the problems in decreasing sales of Grameen Denone Shokti Doi. Following the social business concept, French based food and beverage company Denon started its operation by making an agreement with Grameen group which is named as Grameen Danon. Grameen Danon launched in 2006 and they officially launched their 1st package of product named Shokti doi as the main concern of Shokti doi is to provide nutrition to the poor children of Bangladesh which can able to fulfill their nutritional requirements. As they started their business they have faced lots of obstacles such as the lack of proper distribution, non-standardized management along with localization problem. Also, the distribution through women raised the fact of cultural barriers. The unplanned product and overstated pricing strategy also become a fact of their market loss. Various key factors like Product, Price, Promotion, Proper segmentation and target market are also play a big role in terms of generation revenue for n organization. Based on our research objectives and other related subjects of the research, we developed few hypotheses for it, which we have tested by our primary and secondary data that we have collected by survey. The data we have collected can be divided into two categories are Primary Data and Secondary Data. Primary data refers to the data collected from the survey that we have conducted among the...
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...SocEntResearch.org | SocEntResearch.org | Collecting data on social entrepreneurs is problematic for a number of reasons. For instance, the nascency of the field means that there are relatively few (as compared with fields like commercial entrepreneurship or family firms) potential subjects for those wanting to study founders of social ventures. Moreover, due to the global nature of the field, social entrepreneurs tend to be a disbursed group. Add to this the fact that there is little government-mandated public information on most social enterprises (as is the case with publically-traded firms, for example), and one can understand why few empirical studies on social entrepreneurship have gone beyond case studies. This is evidenced by a recent study by Short, Moss & Lumpkin (2009) which found only 16 papers published on the topic which utilized quantitative methods and most of those employed only descriptive statistics (e.g. means, medians, ranges). While theoretical pieces and case studies have added significantly to our understanding of social entrepreneurship, the dearth of quantitative research on the topic is extremely troubling. Without such research, our findings lack the generalizability needed to prescribe best practices to disparate social entrepreneurs. Additionally, the problems inherent in collecting data on social entrepreneurs and enterprises both discourages scholars from joining the field and limits the types of studies and publication outlets...
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...Social entrepreneurial conduct is vital for positive social change through inventive critical thinking. All things considered, it is sensible to advance social enterprise at the university level and to guarantee that minority understudies have admittance to the assets and also the information, aptitudes, and capacities that will empower them to wind up social business people. Along these lines, they will be better prepared to have any kind of effect in their groups. Accordingly, their social entrepreneurial expectations must be expanded as these aims are the antecedents to real conduct. Social entrepreneurial aims among African American and Hispanic understudies may be expanded if their demeanors, saw behavioral control, and other individual components are evaluated and tended to, and on the off chance that they are sufficiently tested and bolstered. They ought to have admittance to tutors and informal organizations/expert systems and so forth. Further research in these zones should be led. Since African American and Hispanic college understudies might not have informal communities and expert bolster arranges that can give them exhortation and insight in the foundation of a social endeavor, colleges may need to give access to these social and expert systems to their minority understudies. They can welcome effective business visionaries, social business people, and investors to hold exceptional workshops that will help understudies in adding to their systems and permit them...
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...(IJIET) Social Entrepreneurship: A Growing Trend in Indian Economy Dr. Partap Singh Head & Asstt. Professor, Deptt. of Management studies S. D. Institute of Technology and Mgt. (SDITM) Israna, Panipat, Haryana Abstract - Social entrepreneurs can help get better various issues like nutrition, education and health care and many are still blighted by unemployment and illiteracy by helping those less fortunate towards a worthwhile life. Rather than leaving societal needs to the government or business sectors, they can solve the problem by changing the system. Social entrepreneurship is expected to be the next big thing to influence India as the country juggles to achieve a balance between a growing GDP growth, ensuring inclusive growth and attempting to address issues ranging from education, energy efficiency to climate change. This paper attempts an analytical, critical and synthetic examination of social entrepreneurship in India. Key words: Social venture, inclusive growth, and social problems. I. INTRODUCTION Social entrepreneurship is the recognition of a social problem and the uses of entrepreneurial principles to organize create and manage a social venture to achieve a desired social change. While a business entrepreneur typically measures performance in profit and return, a social entrepreneur also measures positive returns to society. Thus, the main aim of social entrepreneurship is to further broaden social, cultural, and environmental goals. Social entrepreneurs...
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...GHANA CHRISTIAN UNIVERSITY COLLEGE AMRAHIA, GHANA CORPORATE SOCIAL RESPONSIBILITY (CSR) OF ZAIN GHANA, A MARKETING STRATEGY FOR COMPETITIVE ADVANTAGE OR TRULY GIVING BACK TO THE SOCIETY: A CASE STUDY OF ZAIN’S SCHOOL BUILDING PROJECT AT ODUMASI-KROBO. YEBOAH-MANTEY EMMANUEL APRIL 2010 CORPORATE SOCIAL RESPONSIBILITY (CSR) OF ZAIN GHANA, A MARKETING STRATEGY FOR COMPETITIVE ADVANTAGE OR TRULY GIVING BACK TO THE SOCIETY: A CASE STUDY OF ZAIN’S SCHOOL BUILDING PROJECT AT ODUMASI-KROBO. YEBOAH-MANTEY EMMANUEL A CAPSTONE PROJECT SUBMITTED IN PARTIAL FULFILMENT OF THE REQUIREMENTS FOR THE AWARD OF BACHELOR OF DEVELOPMENT MANAGEMENT DEGREE APRIL 2010 STUDENT’S DECLARATION I hereby declare that this project work is the result of my own original research and where I have use others’ materials, I have fully acknowledged them Signature: ……………………… Date: …………………………… (YEBOAH-MANTEY EMMANUEL) SUPERVISOR’S DECLARATION I hereby declare that the preparation and presentation of this project work was supervised in accordance with the guidelines on supervision of Capstone Project as laid down by Ghana Christian University College Signature: ………………………… Date: …………………… Acknowledgements Table of Contents Declaration I Acknowledgements II Table of Contents III Abstract............................................................................................................
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...Book Review Greg Mortenson & David Oliver Relin. Three Cup of Tea. New York: Penguin Young Reader Group, 2009, 209 pages. This book is from the author’s personal story of how he discovered himself from the failure of mountain climbing to the rescue by the village Korphe in Pakistan. His life goal occurred a big change and resulted the commitment of building schools for poor children in Pakistan and Afghanistan mountains which inspired by the kindness offering that the little mountain village’s chief he stayed. Furthermore, this book is about the process of how he achieved this life goal. Biography of The Author Greg Mortenson is born in Minnesota and move to Tanzania with his parents when he was just three months old because of his father was missionary. He went back to the domestic of the United States when he was fifteen years old. Mr. Mortenson is also a previous mountain climber. He is the cofounder of the nonprofit organizations the Central Asia Institute and Pennies for Peace. He has established many schools in rural and often volatile regions of Pakistan and Afghanistan, which provide education to more than 28,000 children where few education opportunities existed before, especially female children. Introduction of The Book Greg Mortenson, the author of this book, went to Pakistan for climbing the second highest mountain in the world, K2, to memorize his dead sister. After the unexpected failure of his challenge, he got lost in the mountains. However,...
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