Characteristics Of Social Business

Introduction

When we consider the human history, in the last two centuries, the most successful nations have had an unprecedented generation of wealth and resources. Unfortunately, such economic development has not been witnessed in all countries and also it doesn’t represent the social progress. Gregory Dees has said “A cursory look at the world affairs should convince any thinking and caring person, regardless of political ideology, that we have considerable room for improvement” (Gregory Dees, 2007). He also has said “we may not all agree on our vision for an ideal world, the gap between reality and our notions of the ideal is still enormous” (Gregory Dees, 2007).

If we take a look of our planet, the picture is not as beautiful as

As a result, an organization such as Skoll Foundation often tend to invest on ideas of nonprofit organizations, which are not able to generate profit, nor are self sufficient, but are believed to be entrepreneurial and innovative. On the other hand the Acumen Fund, believe that the generation of surplus is not important and long as the organization is sustainable. There is an article called “Social Business is about Innovation and Impact: Not Income”, written by Dees in 2008, and which has been embraced by many organizations such as Ashoka, Schawab Foundation and the Duke University. As a result many believe that Social Businesses are organizations which are responsible to find new innovative ways to deal with social problems, and not necessarily generate profit or be self

There is one very important contemporary development economist called Amartya Sen, who is the Nobel laureate. There a large number of articles written by Sen, who emphasizes the problems, build as a result of inequality in the current mechanism of the modern society, and also he has fought for social and political freedom. “White Man’s Burden”, written by William Easterly, who strongly opposes the current economic ideology, is another clear example. There are other books, like “Common Wealth: Economics for a Crowded Planet” and “The End of Poverty: Economic Possibilities of Our Time”, which focus on the need for a more inclusive economic ideology. The work of an important researcher, Helen Norberg Hodge, focuses on the effects of globalization and free market liberalization on the indigenous communities. She also question the myth of advance versus primitive societies, which has affected the expansion of global