Social business not for personal gains: YunusStaff Correspondent
Nobel laureate Muhammad Yunus said on Friday that social business was a mission that had nothing to do with personal gains rather it aimed to help address the problems of the society.
It is traditionally believed that the main aim of business is making money and maximising profits and such notion of business has led to a mess creating all the crises that the world is facing, including food, fuel, financial and environmental crises, he said at the opening ceremony of the Social Business Forum 2012.
North South University and Professional Society for Social Business jointly organised the daylong event on the NSU campus to mark Social Business Day 2012.
‘We need to have new structures and new textbooks that should say that there are two types of businesses – one is for money making and the other is social business to address the problems,’ said Yunus, the founder of Grameen Bank who coined the term social business and defined it.
Yunus, who was removed from the Grameen Bank as managing director by the government in March 2011, said microfinance had now become a global phenomenon and he had introduced businesses to help solve specific socio-economic problems.
Yunus, who along with the Grameen Bank won Nobel peace prize in 2006, stressed the need for having ‘social fiction’ on what should be the shape of things in 2030 onwards. ‘You have to have social fictions that visualise the destination of the society after 20 or 30 years when there would be no unemployment and poverty.’
He said human beings were not money-making machines. They have immense creative ability and they should use it for welfare of the society.
Commerce minister GM Quader at the programme said social business was getting international recognition as it could be an effective tool for achieving social development. He said a country like Bangladesh needed initiatives like social business.
The theme for this year’s Social Business Forum was ‘Social business practices: evaluating impacts’.
Among others, NSU board of trustees chairperson MA Hashem, vice-chancellor Hafiz GA Siddiqi and Germany-based Grameen Creative Lab founder Hans Reitz, also spoke in the opening ceremony.
Speakers said that social business ‘is a non-dividend’ effort dedicated to solving social problems. Adopting this concept allows businesses to find sustainable solutions for social problems that are in desperate need of being addressed.
A good numbers of local and international guests attended the programme.
NASA astronaut Ronal Garan, who had carried a copy of Yunus’s book ‘Creating a World Without Poverty’ to the international space station, also spoke in the concluding ceremony.
The Daily Star editor, Mahfuz Anam, moderated a panel discussion on ‘Social business: a new path for corporate business’.
comments powered by Disqus
Bangladesh Telecommunications Regulatory Commission has decided to float separate international tenders to complete the four stages of launching Bangladesh’s first-ever satellite, Bangabandhu-1. Full story
Economists and rights activists on Friday said that Indian investments in the country, including the Sahara Group’s venture, would not bring any positive results for Bangladesh’s economy. At a discussion held at the National Press Club in the city, they said... Full story
Although the hypertension is often labelled as a silent killer, most of its patients (about 89 per cent) are unaware of their diseases, according to a recent study. The study identifies one of the riskiest aspects of hypertension... Full story
Speakers at a discussion meeting organised by Bangabandhu Academy have urged all irrespective of political affiliations to form an alliance against the fundamental forces. Late Jahanara Imam had launched... Full story
The condition of Asmani Begum, who had inspired poet Jasim Uddin to write his legendary piece of pastoral poem ‘Asmani’, has deteriorated, doctors say. ‘Asmani is in critical state. She has suffered a stroke,’ said... Full story
Local people blocked the Jhenaidah-Jessore Highway on Friday morning after two motorbike riders were killed after a speeding bus hit them in Jhenaidah. Swadhinur Rahman, 26, and his companion Milon... Full story
Garment workers demanded a stop to the illegal sacking of labourers and oppression against them in garment factories following the recent unrest in the sector. Workers made the demand on Friday at a rally organised... Full story
Labour leaders and rights activists on Friday criticised the government for not reopening the Adamji Jute Mills, despite their assurance that they would. Speakers urged the government to take initiatives to reopen... Full story
Ferry services on Paturia-Daulatdia route remained suspended for six hours on Friday as two ferries ran into a hidden shoal in the River Padma triggering huge tailbacks at Paturia and Daulatdia ferry terminals. Full story
Voice over Internet Protocol licence will be issued soon to legalise the business in the country, as the telecom regulator is going to seek applications this week for VoIP operation, a top official said. Full story
Speakers at a discussion on ‘Government initiatives to solve water logging in Bhabadah area and people’s demand’ have urged the government to re-introduce ‘Tidal River Management’ system in the areas... Full story
Dhaka Reporters’ Unity, the platform of the reporters, has expressed its deep concern over restriction imposed on journalists on entering Anti-Corruption Commission office. In a joint statement on Friday, DRU... Full story
The BNP chairperson, Khaleda Zia, goes to Chittagong this morning to visit the disaster-stricken areas of the district and distribute relief materials among the affected people. Over a hundred people were killed... Full story
Tornado lashed ten villages of three unions under Ishwarganj upazila of Mymensingh on Thursday and tore away roofs of over 200 dwelling houses besides uprooting a large number of trees. Full story
Rajshahi University will reopen tomorrow ending its 36-day summer holiday. The students have begun to arrive at their residential halls. No classes or examinations were held during the holiday that began on May... Full story
Social and cultural activist Ashik Ali Ahmmad Monti has recently been diagnosed with acute renal condition for which the physicians suggested kidney transplantation. After undergoing treatment at Bangabandhu... Full story
Politicians and renowned citizens called on people to unite and to protest against the proposed imperialist schemes of the United States which seeks to increase its military and political presence in the Asia-Pacific region. Full story
Bangladeshi researcher Dr Abbas Bhuiya will run Dhaka-based ICDDR,B as its interim head after the departure of its executive director earlier this month. Bhuiya will continue until November when a new executive... Full story
Japan has recently offered medical visa and opened the door to access it’s world-class and state of the art healthcare for the people of Bangladesh, speakers said at a health seminar on Friday. Full story
A young man was killed and 10 people were injured in a clash between two rival groups at Dhalargaon village in Mithamain upazila of Kishoreganj Friday afternoon. The deceased was Nasir, 30, son of late Abdul... Full story
The prime minister, Sheikh Hasina, goes to Tangail and Jamalpur today on a daylong visit where she will open three rail stations and much-awaited Bangabandhu Bridge-Tarakandi rail route. Full story
Members of the Rapid Action Battalion arrested two ‘ehsar’ members of the outlawed Jamaatul Mujahedeen Bangladesh from the villages in Bagmara upazila of Rajshahi Thursday night. Full story
A mobile court in Nilphamari on Friday sentenced a young man to one year imprisonment for sexually harassing a housewife. The convict was Abul Kalam Azad, 25, son of Abul Kafiz of Dhobadanga Pashchimpara village... Full story
The Rapid Action Battalion and the police in a joint drive arrested an alleged robber along with arms at Terail village in Gangni upazila of Meherpur on Thursday night. The arrested was Ekajtullah, 30, a member... Full story