Muhammad Yunus

To me, the essence of development is changing the quality of life of the bottom half of the population. And that quality is not to be defined just by the size of the consumption basket. It must also include the enabling environment that lets individuals explore their own creative potential. This is more important than any mere measure of income or consumption.

Muhammad Yunus

A social business is a profit-making company driven by a larger mission. It carries the energy and entrepreneurship of the private sector, raises capital through the market economy, and deals with products, services, customers, markets, expenses, and revenues – but with the profit-maximization principle replaced by the social-benefit principle.

Muhammad Yunus

Dr. Muhammad Yunus, 2006 nobel laureate and founder of the Grameen Bank of Bangladesh, addressed an audience of more than 700 on Oct. 20, 2007 at Pepperdine’s School of Law. His address was titled “Social Enterprise: Doing Well by Doing Good.”