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Questions and Answers
The business objective will be to overcome ______, or one or more problems such as education, health, technology access, and environment.
The business objective will be to overcome ______, or one or more problems such as education, health, technology access, and environment.
poverty
Investors get back their investment amount only; no ______ is given beyond investment money.
Investors get back their investment amount only; no ______ is given beyond investment money.
dividend
When the investment amount is paid back, company profit stays with the company for ______ and improvement.
When the investment amount is paid back, company profit stays with the company for ______ and improvement.
expansion
The workforce gets market wage with better ______ conditions.
The workforce gets market wage with better ______ conditions.
One of the principles is to do it with ______.
One of the principles is to do it with ______.
A social business aims to help solve a ______ issue.
A social business aims to help solve a ______ issue.
Social enterprises are revenue-generating businesses with a ______.
Social enterprises are revenue-generating businesses with a ______.
One of the goals of a social business is to achieve a social ______.
One of the goals of a social business is to achieve a social ______.
A social business is often financially self-______.
A social business is often financially self-______.
A microfinance institution is an example of a type of social ______.
A microfinance institution is an example of a type of social ______.
Social problems include conditions or behaviors that have negative consequences for ______ numbers of people.
Social problems include conditions or behaviors that have negative consequences for ______ numbers of people.
A social business is a non-loss, non-______ company.
A social business is a non-loss, non-______ company.
NGOs and charities are examples of community ______ organizations.
NGOs and charities are examples of community ______ organizations.
Flashcards
What is the primary objective of a social business?
What is the primary objective of a social business?
Social business aims to solve social problems like poverty, lack of education, poor health, limited technology, and environmental issues. It's about making a difference in society, not just maximizing profits.
Explain the importance of financial sustainability in social businesses.
Explain the importance of financial sustainability in social businesses.
A social business must be financially sustainable in the long run. It needs to generate enough income to cover its expenses and keep operating.
What happens to the return on investment in a social business?
What happens to the return on investment in a social business?
Investors in a social business only receive their initial investment back. They don't get any additional dividends or profits beyond the original amount.
What happens to the profits of a social business after repaying investors?
What happens to the profits of a social business after repaying investors?
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What are two key characteristics of a socially responsible social business?
What are two key characteristics of a socially responsible social business?
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Social Business
Social Business
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Social Enterprises
Social Enterprises
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Social Business Model
Social Business Model
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Microfinance Institution (MFI)
Microfinance Institution (MFI)
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Social Problem
Social Problem
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Prof. Muhammad Yunus's Definition of a Social Business
Prof. Muhammad Yunus's Definition of a Social Business
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Social Business: 2 Goals
Social Business: 2 Goals
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Types of Social Businesses
Types of Social Businesses
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Study Notes
Microfinance and Development
- MF 111 is a course on microfinance and development.
- The instructor is Mr. John Leo B. Dominguez, MBA.
- The organization is CARD MRI (We Are In The Business of Poverty Eradication).
Topic 7: Basic Features of MFI as a Social Business
- Social business is the act of starting a business with the primary objective of solving a social issue.
- Social business is the process of developing innovative new organizations to address social, cultural, and environmental problems.
- Social businesses differ from traditional businesses in that their goal is social impact rather than profit maximization.
Social Business Goals
- Achieve a social mission.
- Earn revenue.
Types of Social Business
- Trading enterprises
- Financial institutions
- Community organizations
- NGOs (Non-Government Organizations) and charities
The Emerging Concept of Social Business
- Social business is created and designed to address social problems.
- It's a non-loss, non-dividend company.
- Re-invested profits are used for future social business ventures.
Microfinance Institution
- Microfinance institutions address social problems in society.
What are social problems?
- A social problem is any condition or behavior that negatively affects a large number of people and needs to be addressed.
- Examples include the lack of education, poverty, climate change, public health, homelessness, water and food security, unemployment, high morbidity, and pollution.
7 Principles of Social Business
- Business objective is to overcome poverty or multiple problems (e.g., education, health, etc.).
- Financial and economic sustainability.
- Investors get back their investment amount only, no dividends beyond the investment.
- Investment amount stays within the company for expansion and improvement.
- Gender-sensitive and environmentally conscious.
- Workforce gets market wages with better conditions.
- Doing work with joy.
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