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I am a thalassemia carrier (Minor) and happen to stumble upon a social business model for my disease on youtube.
just want to know if anyone is running a social business model and can it be fastlane?
7 principle of social business model
just want to know if anyone is running a social business model and can it be fastlane?
7 principle of social business model
- Fulfill Needs - 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.
- Control? - 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.
- Environmentally conscious.
- Workforce gets market wage with better working conditions.
- ...do it with joy.
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