...BUSA 101-005W 9/6/2013 The Idea of Ethics and Social Responsibility in Business For the purpose of this essay I’ve elected to discuss the responsibility of the employee in the work place, and their place in the corporate system. All four chapters we’ve read in the text so far have been filled to the brim with the three author’s ideas of what makes a business and its workforce ethically responsible, but the particular section in the first chapter regarding employee ethics caught my attention. When a business begins to grow, if it turns a profit and remains successful, it will most likely need to take on employees so that it can cope with the growth its products demand (Nickels, et al). Everyone hired has a specific job that is necessary in order for the business to run like a well-oiled machine. The authors of our elected text bring up the fact that the number of employees calling in sick to work has reached the highest percentage it has been at in the last five years, and the majority of these employees were not truly ill to begin with. Also a much larger percentage of people are conducting personal business at work, and this causes a large drop in employee productivity (Nickels et al 14). This in turn causes problems for the business as a whole. However, on page fifteen of our text the authors state that your basic American employee is, on average, one of the world’s most productive workers. This contradiction is confusing to me, but I also believe I know where...
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...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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...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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...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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...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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...(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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..._____________________________________________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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..._____________________________________________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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...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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...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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...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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...Introduction Change for Change is based on the idea that small change will be accumulated into most positive changes that would contribute to the whole society. The business philosophies of Change for Change integrate social concern and charity, which reflects their corporate social responsibility to some extent. In this report, firstly, the critical analysis of business idea will be introduced as well as the strength of Change for Chang. Then, the improvement to the proposal will be defined. Finally, it provided the critical evaluation about the justification of the improvements. Critical Analysis of Business Idea Change for Change focus on improving the wicked problem which is poverty, and it cooperates with banks and large card companies to carry out their Corporate Social Responsibility goals. And, Change for Change is an initiative proposal, and the small change can only be collected by their “Change for Change” card. The main idea of Change for Change is about encouraging people to spend money in a “round-up” margin sale and donate the extra money. It aims to make a contribution for poverty via donating money to charity. Concerning the strengths of the current business idea, for people, Change for Change had engaged in providing support to those people in poor areas, alleviating their current situation and helping them live better. For instance, these small change would be helpful for those poor children who were forced to drop out of school to access better...
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...the reader trough story-telling and personal experiences, and arise key questions that every entrepreneur must answer before and during a business development in order to be successful. In other words, The monk and The Riddle is no about “how” but about “why” and the importance of passion and vision when it comes to be an entrepreneur. Even if the book does give some specifics techniques that any entrepreneur can use to increase its chances of success, the central themes of the book are existential and philosophical. 2. What did the book teach you about different approaches at entrepreneurship and at being an entrepreneur? One important message of the book is the explanation of VCs´ perspective towards business opportunities and entrepreneurship. VCs are driven for risky ideas that have the potential to become leaders, but most importantly, they invest in the team and in the team´s passion. The team needs to have a combination of soft and hard skills, in order to be able to successfully develop and execute the business plan. Furthermore, entrepreneurs need to focus their business plan on solving the market needs and not just a cash-generating approach. However, the most important message that I learned from the book is the need to think differently from a business man in big company, in a company they “work a plan”, when starting a business you cannot stick to a plan, you have to pivot,...
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...Chapter 2 Recognizing Opportunities and Generating Ideas 1) BenchPrep, the company profiled in the opening feature for Chapter 2, sells an iPhone app to help students prepare for the GMAT and other exams. The original idea for the company stemmed from the founders' recognition that if people could use their iPhones to study for the GMAT: A) they wouldn't have to carry heavy study books around and they could maximize their study time by catching a few minutes of studying between meetings and on similar occasions B) they could study more questions and a computer within the app could keep track of their progress on practice exams C) they could save money by not having to buy multiple study guides and a small computer within the app could keep track of their progress on practice exams D) they wouldn't have to carry heavy study books around and they could interact online with other people preparing for the GMAT and similar exams E) they could maximize their study time by catching a few minutes of studying between meetings and on similar occasions and they could save money by not having to buy multiple study guides Answer: A Diff: 2 Page Ref: 41 Topic: Identifying and Recognizing Opportunities AACSB: Reflective Thinking Objective: Describe the role of entrepreneurs and small business 2) A(n) ________ is a favorable set of circumstances that creates a need for a new product, service, or business. A) idea B) scheme C) design D) proposal E) opportunity Answer:...
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