Social Business: Turning Aside From Theoretical Concept?

Author(s)

Arafatur Rahaman , S. M. Ariful Islam , Masroor Saad Khan ,

Download Full PDF Pages: 12-18 | Views: 1272 | Downloads: 398 | DOI: 10.5281/zenodo.3474557

Volume 7 - January 2018 (01)

Abstract

Social business is a cause-driven business to solve a social problem. It challenges the traditional profit-maximizing business by contributing to the society as well as making the profit with an objective function to serve disadvantaged people. Some large companies of the mainstream economy, philanthropist, and non-profit organization really want to invest their capital in doing betterment for the society. However, it is hard for them to expose innovative project where to fund. In this state, does social business design lab revealing innovative projects to magnetize investor? In this paper, the researcher tries to evaluate the efficacy of some projects that have been approved by social business design lab and also look over the digression of social business from the fundamental theoretical concept. Whether the investment in the social business has been made in unproductive sectors or is being used a new way to evade tax by the business person. This paper will help future researcher, academician and investors to get real state of affairs of social business as well as to construct proper criterion in approval to improve the impact of social business in mass scale

Keywords

Social Business Enterprise; Social Business Design Lab; Unproductive Sectors; Investment; Core Theories

References

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