Social business: a report on social impacts

Abstract

The positive socio-environmental impacts generated by Social Business arouse interest in initiatives that have at their core to serve a social purpose. Social innovation seeks to contribute to the socioeconomic environment and to have a positive social impact, so that the generation of value with social innovation can contribute to a more inclusive society. The objective is to point out the importance of the impacts generated by Social Business that participate in Business Accelerators. As methodology adopts the methodological procedures of the bibliographic research. The results reveal the existence of impact initiatives generated to meet social needs.

Islamic Social Funds to Foster Yunusian Social Business and Conventional Social Enterprises

“…Yunus Social Business (YSB) and conventional social enterprises (SEs) are defined as socially committed businesses for their capabilities of addressing social issues. These unique ventures contribute to socioeconomic upliftment by creating social values and solving social problems (Sugahara et al 2021), such as unemployment, poverty, illiteracy, and numerous other social ills, while remaining operationally sustainable. Nevertheless, YSB, a nondividend and nonloss business model, contradicts the conventional nature of investment by unsatisfying individuals' profit-seeking desires (Aydin 2015).…”