Learn more about how you, your organization, or university can become involved with social business
WHY JOIN THIS INTERNATIONAL MOVEMENT OF UNIVERSITY YSBC’S?
According to a 2016 Harvard University study, and later reported in the Washington Post under the headline “A Majority of Millennials Now Reject Capitalism,’ (4/26/16) young people in the US and around the world are deeply dissatisfied with the social and economic system they are inheriting. They are “eagerly seeking a new approach that will reflect more accurately the realities of human nature and have the potential to liberate the creative powers of people to solve the serious problems faced by humankind” (Yunus, 2017).
Establishing a YSB Center on a college campus responds to the increasing number of young people who want to use their talents and training – in no matter what major field of study – to develop the “tools and insights they need to put new forms of economic thinking into practice and to spread their new ideas widely.”
The most socially progressive colleges and universities around the world are establishing YSB Centers as hubs of thought and action to address issues as big as the United Nations Sustainable Development Goals (SDG’s) or a local social need.
WHAT ARE WE LOOKING FOR ?
Our hope at the YSB Resource & Support Center (USA) is to identify and help sanction 20 new university based YSBC’s representing every region of America by 2020. We hope to serve as not only the catalyst to establish social business curricula at our nation’s leading academic centers but to then link each university with local business, philanthropic and government leaders and demonstrate a “new kind of capitalism that serves Humanity’s most pressing needs.”
WHY SOCIAL BUSINESS?
Yunus Social Business offers an alternative to charity that allows you to transform a philanthropic donation into an investment that can be used over and over again.
A bridge between business and aid
Our model focuses specifically on solving social and economic development challenges while creating income for, and providing essential products and services to, the poorest communities around the world.
A global, world class team
Advocates for social business come from each sector of our global economy and every region of the world. Our partners are an international team of prestigious universities, businesses, philanthropists, and private citizens—all working to address humanity's most pressing problems.
7 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