Friday, May 21, 2010

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Social Business in Austria - In the footsteps of Professor Muhammad Yunus

In Austria, the interest the social economy and the social responsibility of companies larger. Corporate Social Responsibility (CSR), Corporate Citizenship (CC) and also social business become more and more the focus for companies, trade associations and consumers. Companies that are managed according to the concept of social businesses prescribe to a particular basic principle: the company profits are used here to further develop social objectives.

thus raise social businesses from using instead of profit. The cause of the new concept to the economist and Nobel peace laureate Muhammad Yunus. The Aims, according to Yunus' Definition: The eradication of poverty or solving problems that threaten people and society. He is in India and around the world with the micro-credit, or establishing its own bank ( "Grameen Bank" ) for people in need has become known.

In Austria, there are already some examples of successful implementation of social business ideas. The FIRST Foundation has for instance the "Zweite Sparkasse", an independent bank with volunteers - with a social idea. Customers on social sites, such as Caritas or debt counseling taught and receive financial or social problems, despite access to banking services.

Interesting links:

Zweite Sparkasse
Goodbee
Grameen Bank


Foto Copyright: Karin Jung/pixelio.de

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