Muhammad Yunus: Seven Principles of Grameen Social Business
March 5th, 2009 by admin
Thanks to Vivian Norris for the update from Mohammad Yunus’ talk in Paris yesterday (4 March 2009), and to our friends at Grassroutes for weaving together the Seven Principles from Vivian’s Twitter notes.
- Business objective will be to ovecome poverty or one or more problems (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
- Environmentally conscious
- Workforce gets market wage with better working conditions
- (my favorite!) Do it with joy!
http://www.grameen-info.org/
http://en.wikipedia.org/wiki/Social_business
http://grassroutes.in/
http://twitter.com/vivigive
Posted in Steve
November 1st, 2010 at 7:31 pm
Hi, I enjoyed your posting and learned more about Mohommad Yunus’s seven principles. I know that his principles are debated (especially #3, no dividends beyond initial investment). Do you believe that this list is too limiting to be considered a guiding document for new social enterprises?