Introduction
At present the entire world is in crisis dealing with pandemic and various other issues like economic crash, global warming, poverty, fatal diseases, inequality, illiteracy, unemployment, concentration of wealth, wars and many more other problems are also there. Due to this pandemic the issues like poverty, hunger and under employment are on boom due to loss of lives and resources. The pandemic has broken the backbone of society. Poor people are unable to get out of poverty as they don’t have any resources to meet their daily needs. They stuck in a cycle of debt in enervating conditions, they have lost even the last ray of hope. Looking into the present worldly condition during this pandemic, there is an urgent need to think of measures which can help humanity by any means.
It is right time to think of some business ideas which can uplift and support poorer sections of society by lending them some financial help to start their own ventures or small-scale business.
As a solution, the noble Laurette of Bangladesh Prof. Muhammad Yunus in 1976 pioneered a new idea of business that is Social business. He was awarded the Nobel Peace Prize in 2006 for founding the Grameen Bank and introducing the concepts of microcredit and microfinance. Grameen Bank offer loans to the poor without the need for collateral. It is actually owned by the borrowers, who in their capacity as shareholders elect nine of the thirteen members of the board of directors.
Social Business
Early in the history of the Grameen bank, it was deliberately decided to focus on lending to women. Out of 8 million borrowers, 97 % were woman. The repaying of loan was 100%.
Influenced with the noble cause of Prof Younus of Bangladesh, We, the Career Society also decided to opt for certain social business-related short-term courses to infuse our students with social business skills and be on fore front to serve the society. Together we can make this world a better place.
Social Business is a special type of business for Positive Social Transformation or Social Reformation. It is economically sustainable , non dividend business which is entirely different from charity.
It is non profit centric rather problem solving business. Profit if any is reinvested in the business. The investor is allowed to get back only the invested amount but in case the businessman is a poor individual then he can use the profit for his livelihood. We are sure this is going to make difference in the world around us. Social Business is mainly to create jobs and provide support to socially vulnerable group of the society to combat poverty, unemployment, healthcare, environmental issues, illiteracy, cultural and economic crisis.
Seven Principles of Social Business
- Business objective will be to overcome poverty, or one or more problems (such as education, health, technology access, and environment) which threaten people and society; not profit maximization.
- Financial and economic sustainability
- Investors get back their investment amount only. No dividend is given beyond investment money
- When investment amount is paid back, company profit stays with the company for expansion and improvement
- Gender sensitive and environmentally conscious
- Workforce gets market wage with better working conditions
- ...Do it with joy
How can I become a Social Business Volunteer? How do I know whether I qualify?
Your interest itself qualifies you to become a “Social Business Volunteer.”
Irrespective of age, gender, occupation, religion, nationality, or location.
One can be a school student, or student at any level, or a school dropout, unemployed person, businessman, worker, public or private employee, professor, doctor, engineer, journalist, singer, writer, farmer, housewife, retired person, or whoever you are, you are welcome to become a Social Business Volunteer.
In order to be a Social Business Volunteer just fill up the Social Business Volunteer Registration Form which will be made available to you.
You will get a registration number. That’s it! You will become a Social Business Volunteer for life.
What is a “Social Business Volunteer Circle”?
Five or more Social Business Volunteers can get in touch with each other and form a “Social Business Volunteer Circle”.
Each circle has to be registered. Members of a circle may be from same area. They may be from anywhere in the world.
There is no limit to the number of circles. Only condition is that a circle should not have less than five volunteers, not more than 100 volunteers.
One volunteer cannot be a member in more than one circle. A circle can make up its own governance rules approved by Yunus Centre.
A circle can create its own programmes consistent with social business promotion
Curriculum
- Course Overview (1:41)
- Module 1: Social Business and its Objectives (9:56)
- Module 2. Classification of Social Business (5:01)
- Module 3. Understanding Social Business (5:12)
- Module 4. Intensive study for the Evolution of Social Business (4:57)
- Module 5. Exploration and Implementation for Social Business Idea (5:20)
- Module 6. Roadmap of Social Business (5:23)
- Module 7. Financial and Legal aspects of Social Business (5:36)
- Module 8. Investors, Investments and Social Business (5:38)
- Module 9. Launching your Social Business (4:27)
- Final Examination (Multiple Choice Questions)
- Student-Feedback about the Course
Career College Online Course On Social Business
The course consists of 9 Modules of 1 hour each to be conducted 6 days a week.
Timings 1:00 to 2:00 pm
Regular attendance is mandatory
Final Assessment will be done on the basis of performance in the examination conducted at the end of Module 9.
On successful completion of the course an Online Certificate will also be issued duly signed by the College Authorities
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