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Exploring Social Business

What does Social Business mean to you? And what examples are out there that we can learn from and build upon?

For this Mission, take a moment to think about broadly about social business and how you’d define it. How is your definition similar to or different from the Seven Principles outlined by Muhammad Yunus, founder of Grameen Bank? 

Once you have an idea of what social business is, think about what people and organizations are championing the idea of social business around the world. For the time being, we encourage you to look beyond health and instead consider examples across sectors and social issues.

Some questions to tackle:
  • What does social business mean to you?
  • How would you represent social business using images, videos, or other visuals?
  • What inspiring examples of social businesses have you heard about?
  • What might we learn from their successes or challenges?

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This is a scheme that is popular in Commonwealth countries and U.S.A. War Veterans sell these red Poppy-symbols around Remembrance Day each year.
Sale of the symbol raise money and creates awareness and to help not forgetting about the cause.

This is a scheme that is popular in Commonwealth countries and U.S.A. War Veterans sell these red Poppy-symbols around Remembrance Day each year. Sale of the symbol raise money and creates awareness and to help not forgetting about the cause.

Photo of Johan Löfström
3 0

"Whatever you may have to offer; to somebody else that can be a treasure." this is the main idea of the system. The bank of barter is based on the abilities and talents that each person has and by doing this they stimulate the exchange of services

"Whatever you may have to offer; to somebody else that can be a treasure." this is the main idea of the system. The bank of barter is based on the abilities and talents that each person has and by doing this they stimulate the exchange of services

Photo of Leidy Viviana Abril
8 9

Guasca is a little village located in the center of the country, near to Bogotá. There is the Organic Producers Association where the main idea is the organic products as means to provide the wellbeing and nutritional learning to people.

Guasca is a little village located in the center of the country, near to Bogotá. There is the Organic Producers Association where the main idea is the organic products as means to provide the wellbeing and nutritional learning to people.

Photo of Leidy Viviana Abril
2 7

Hindustan Lever Limited's Swasthya Chetna (loosely translates to health awareness) is a social marketing campaign targeted towards the population that hasn't used soap and to help them adapt healthier habits such as using Lifebuoy a skin-cleanser.

Hindustan Lever Limited's Swasthya Chetna (loosely translates to health awareness) is a social marketing campaign targeted towards the population that hasn't used soap and to help them adapt healthier habits such as using Lifebuoy a skin-cleanser.

Photo of Mydhili Bayyapunedi
1 2

At OpenSTORM SF, we discussed the one-for-one model inspired by TOMS, where companies give/donate a "product"  to a community/person in need for every unit sold. How can we use this model to distribute health services in Caldas?

At OpenSTORM SF, we discussed the one-for-one model inspired by TOMS, where companies give/donate a "product" to a community/person in need for every unit sold. How can we use this model to distribute health services in Caldas?

Photo of Radhika Bhalla
2 8

A project that aims to improve the life quality of the people of Popayán, mostly the chidlren health trough a healthy diet.

A project that aims to improve the life quality of the people of Popayán, mostly the chidlren health trough a healthy diet.

Photo of Luz Gallo
7 8

The Sekem initiative aims to contribute to the comprehensive development of the individual, society and the environment.

The Sekem initiative aims to contribute to the comprehensive development of the individual, society and the environment.

Photo of Ozlem Aslan
0 3

Business is not the art of making money. Business is the art of providing value. Social business is providing value in a socially responsible way- looking to fill the needs of the less fortunate. This article provides an inspiring example.

Business is not the art of making money. Business is the art of providing value. Social business is providing value in a socially responsible way- looking to fill the needs of the less fortunate. This article provides an inspiring example.

Photo of bryan schroeder
1 3

InVenture unleashes the potential of developing entrepreneurs to lift themselves and their communities out of poverty by connecting individuals directly with these entrepreneurs, thus enabling the opportunity to create long-term substantial impact.

InVenture unleashes the potential of developing entrepreneurs to lift themselves and their communities out of poverty by connecting individuals directly with these entrepreneurs, thus enabling the opportunity to create long-term substantial impact.

Photo of LiAnn Ishizuka
2 6

Stop the Rot is an initiative by MIT students to reduce post-harvest losses in developing countries. Through the implementation of cellular technologies to coordinate logistics and the use of solar dryer, the program aims to reduce the losses

Stop the Rot is an initiative by MIT students to reduce post-harvest losses in developing countries. Through the implementation of cellular technologies to coordinate logistics and the use of solar dryer, the program aims to reduce the losses

Photo of Krassimira Iordanova
5 5