About us

The Yunus Social Business Centre (YSBC) was established by a Memorandum of Understanding (MOU) between the Yunus Centre, Dhaka, Bangladesh, and La Trobe Business School in November 2014.

The YSBC focuses on enhancing responsible business and leadership values at La Trobe Business School and strengthening links with students and the wider community. The YSBC also reinforces the La Trobe University Essentials of:

  • Entrepreneurship and Innovation
  • Sustainability
  • Global Citizenship.

The objectives of the Yunus Social Business Centre are to:

  • build awareness of social business
  • undertake training and education for social business
  • provide mentoring for social business
  • support research on social business.

See YSBC Flagship Initiatives and Projects for more details.

The Philosophy

Yunus Social Business is built on the philosophy of Professor Muhammad Yunus, the 2006 Nobel Peace Laureate known as the 'banker to the poor' for his foundational work on micro-credit. Yunus proposes that the poor can be independent actors, self-employed entrepreneurs who can even create jobs for others.

The new mechanism for growth lies in recasting business beyond a sole focus on profit maximisation to incorporate a focus on social goals. Yunus Social Business is a non-loss, non-dividend business focused on solving social problems.

Social business may be fundamentally of two types:

  • Type 1 focuses on businesses dealing with social objectives only
  • Type 2 may be any profitable business as long as it is owned by the poor and disadvantaged.