What is Yunus Social Business?
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 is built on the philosophy of Professor Muhammad Yunus, the 2006 Nobel Peace Laureate known for his foundational work on micro-credit and seen as the 'banker to the poor'. Professor Yunus proposes that the poor can be independent actors, self-employed entrepreneurs who can even create jobs for others.
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
- 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.
All those who design and run social businesses are social entrepreneurs. But not all social entrepreneurs are engaged in social business