Nobel prize winner, Muhammad Yunus vistits Stockholm, Sweden today to give a talk om his new book “Social Entrepreneurship”. Mohammad is known for his work with Grameen Bank that he was awarded the Nobel prize in peace for. Grameen Banc loans money to female entrepreneurs, due to their capability of paying back and using the profit to invest in their kids education, and reinvesting in the company with aims to take them out of poverty. Today he gave a broader talk on Social entreprenreurship and how ideas spread.
“Social entrepreneurship isn’t taking 10% of a comapnies profit and giving it to charity or a festival you want to be closely associated with even if it could be a good idea, thats profiling. Social Entrepreneurship is is making business in a way where an idea that benefits the world, validates return on investement”, Mohammad says.
A question raised was how can Swedish companies become better att social entrepreneurship? Take a part of your % that you use for CSR and and invest them in a fond with the soul aim to develop the companies good ideas, social ideas with aims to make money.
“Good ideas know no borders.”- Mohammad Yunus.
More about Yunus from Wikipedia: