Social Business

Social business!! Another name of Non Profit Organization......Really!!  I Doubt that....
Allow me to talk in normal language, not as an MBA student.
What does social means in Social Business - Society. In simple words - solving society issues with some real business sense. It has profit/loss, which need to be used in expanding the business.

Why not Non Profit then!! The main reason is Non Profit never works in business way. Except a very few, who are quite big organizations others never think about handling projects like a real business. That's one of the reasons why non profit projects never got sustainable.  

Another reason - we value our money. For example - if you get something free, you may not care for it. But if you have to buy it in an amount of 1$, which is quite less than the actual price, you will care for it as you spent for it. Thats what I call - "Money Matters".

So what is this social business concept!!! Let me use wiki words - social business is a non-loss, non-dividend company designed to address a social objective within the highly regulated marketplace of today. It is distinct from a non-profit because the business should seek to generate a modest profit but this will be used to expand the company’s reach, improve the product or service or in other ways to subsidies the social mission.

Thinking about negative sides of it!!! Allow me to help you. 

Its a profit organization, so obviously you are in grip of corporate tax. 

Its business, but still trying to help society. So the profit may not cross a certain level, even if there is a chance in market.

It has negative, then why its attractive? Think in this way - you can get positive fame and money (though not much) at the same time. You can solve the society issues but also can found your own business. 

Do you find it interesting!!!! We, at CEU, have a Social Business Club currently only in Business School.

If you want to join us - please mail to chakraborty_subhabra@ceubusiness.org

Subhabra Chakraborty

CEU Business School