In a May 16 op-ed piece in the Guardian, Muhammad Yunus issued a call to action to world leaders for more aggressive action in solving the looming global food crisis. Yunus laid out a six-point plan to prevent a humanitarian disaster of world starvation, the potential scale of which has prompted the United Nations to dub it the “silent tsunami.” Key to his plan is the formation of a “poverty and agriculture fund” paid for by a small tax on the sale of oil. The fund would be managed by these contributing nations and used to create social businesses that would be tasked with improving the health care, education and other needs of developing nations. Read the full article and discuss your thoughts.
Archive for May, 2008
Tags:Business, energy crisis, food crisis, food prices, gas crisis, Guardian, humanitarian, Muhammad Yunus, oil crisis, oil prices, poverty, poverty alleviation, social business, starvation, UN, United Nations, Yunus
Posted in Business, Social Business | 2 Comments »
I was inspired to write this post for a couple of reasons.
Secondly as founders of a small business, bambu, we are interested in the concept of ‘social business’ that Dr Yunus’ introduces in his new book, Creating a World Without Poverty.
Central to our sense of purpose and value set at bambu, we concern ourselves with responsible stewardship of resources, giving back to the people and the communities in which we work in China and Vietnam, and preservation of the natural environment.
We strive to create an organization that acts with integrity. We describe ourselves as a values-driven company as opposed to a profit-driven company.
Dr. Yunus’ book presents some paradigm-breaking ideas that are a positive force for change, and made me reflect on our own business, and the role of business in general.
The notion of ‘social business’ is introduced in the first few pages. Yunus makes some important distinctions in defining what a social business is.
Importantly, he distinguishes a social business as one that directly makes products that poor people are willing to pay for, and one which directs all the profits back into the enterprise.
Tags:bamboo, bambu, China, conservation, Creating a World Without Poverty, Danone, entrepreneur, Frank Riboud, green, Green Business, Muhammad Yunus, renewable, social business, sustainable development
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Heidi Matonis, Founder & President, Positivitee
About three years ago I came up with the idea of creating stylish tees that supported non-profits with 10% donated back to the charity. It grew out of my desire to: be a role model for my children, support causes dear to me, and to try to create a small, viable business to call my own.
In 2007 I made the commitment to “go green.” “Going green” to me meant using certified organic cotton, pigment dyes, waterbase inks, and fair labor practices. I went a step further by also becoming a member of the carbon fund to offset my carbon shipping footprint. None of this was easy.
Tags:Business, carbon fund, change, entrepreneur, fair labor, Green Business, O magazine, Oprah, oragnic, retail, small business, socially responsible, t shirts, tee-shirts
Posted in Business, Green Business, Social Business | 4 Comments »