Welcome to the website for the Austin Social Biz Discussion Group!
The ASBG is a diverse group of about 40 people brought together by their interest in "what's next" for business in the pursuit of social benefit. The foundation of our ideas stem from Muhammad Yunus' theory of social business from his book "Creating a World Without Poverty: Social Business and the Future of Capitalism".
For a brief overview of Social Business as defined by Dr. Yunus, please click here. Perhaps the most innovative of his proposals is the idea that social investors would agree to forgo earning monetary interest on their investment in businesses that produce a social profit or benefit. We are always interested in hearing from potential social investors and are exploring ways to connect such individuals with social business entrepreneurs.
According to Dr. Yunus, there are two types of social businesses:
Feel free to visit our group page as well.
Kala Philo, ASBG founder and facilitator, also blogs about Austin Social Biz
We started the website in an attempt to organize our information resources more clearly and provide an easy way for members to stay currrent on group activities.
The ASBG is a diverse group of about 40 people brought together by their interest in "what's next" for business in the pursuit of social benefit. The foundation of our ideas stem from Muhammad Yunus' theory of social business from his book "Creating a World Without Poverty: Social Business and the Future of Capitalism".
For a brief overview of Social Business as defined by Dr. Yunus, please click here. Perhaps the most innovative of his proposals is the idea that social investors would agree to forgo earning monetary interest on their investment in businesses that produce a social profit or benefit. We are always interested in hearing from potential social investors and are exploring ways to connect such individuals with social business entrepreneurs.
According to Dr. Yunus, there are two types of social businesses:
1. Companies that focus on providing social benefit rather than maximizing profit for their owners, and are owned by investors seeking social benefit rather than monetary return. The nature of the product or service of the company creates social benefit.
2. Companies that are owned by poor or disadvantaged. Their goods or services may or may not create direct social benefit.
Feel free to visit our group page as well.
Kala Philo, ASBG founder and facilitator, also blogs about Austin Social Biz
We started the website in an attempt to organize our information resources more clearly and provide an easy way for members to stay currrent on group activities.