Social Business diagram. This is one of the top business frameworks helping clients improve on their approach to strategy, project management, IT, HR, internal processes and client experience.Social business was defined by Nobel Peace Prize laureate Professor Muhammad Yunus and is described in his books. In these books, Yunus defined a social business as a business: Created and designed to address a social problem. A nonloss, nondividend company, i.e. It is financially selfsustainable and.
A social enterprise is a type of business model that aims to solve social challenges while simultaneously providing goods or services. Social businesses also add to competition and bring a brand new dimension to the business world: promoting and engaging with a new sociallyaware…
On the other hand, unlike a nonprofit, a social business is not dependent on donations or on private or public grants to survive and to operate, because, as any other business, it is selfsustainable.