Summary of Building Social Business

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Rating

8 Overall

8 Importance

9 Innovation

7 Style


Recommendation

Muhammad Yunus, founder of Grameen Bank, a microcredit lender, won the Nobel Peace Prize for his contributions to fighting world poverty. Although the government of Bangladesh eventually forced him to leave the bank (possibly for political reasons), his views still convey great force. Yunus espouses an economy that embraces humanity as a pool of positive potential. His book, written with Karl Weber, lays out a blueprint for “social business.” It details compelling case studies of how various Grameen enterprises handle everyday market problems. getAbstract recommends it to executives who want to enfranchise good works, and to garage-office entrepreneurs and public policy technocrats who believe in a world with less poverty, but who need a little guidance to get there.

In this summary, you will learn

  • What “social business” is, and why it offers a viable alternative to the current system;
  • What challenges social businesses face in the marketplace; and
  • How to start a social business.
 

About the Author

The 2006 Nobel Peace Prize winner, Muhammad Yunus, founded Grameen Bank.

 

Summary

How Microlending Led to Social Business
Driven to act by the desperate Bangladesh famine of 1974, Chittagong University economics professor Muhammad Yunus went to the village of Jobra and found his calling. After giving villagers $27 to pay off loans to predatory lenders, Yunus hit upon...

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