Description

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This book points out that apart from usual "profit- maximizing business,", there are some other types of business models which that serve social causes with profit. The author discusses some such business models, namely, social business, compassionate business, microfinance-based business, cooperative business, bottom- of- the- pyramid business, and social welfare business. The common point of all these business models is that they alleviate poverty and promote social development in a self-sustaining manner. The text identifies the main principles followed by these business models and suggests principles of benevolent business. Thus gives an idea about how to design a successful benevolent business. The author argues that along with the government and the NGOs, which are presently expected to meet the social developmental needs of the people, benevolent businesses should be promoted for fulfilling the social developmental needs. Such steps will endow social development and promote efficiency in meeting social developmental goals.

About the Author

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Kalyan Sankar Mandal undertook this work at the Centre for Studies in Social Sciences Calcutta (CSSSC) as ICSSR Senior Fellow. Before joining CSSSC, he was professor of sociology, Public Policy and Management Group at the Indian Institute of Management Calcutta (IIMC), where he taught for more than 25 years. During the academic year 2013-14, he was Indian Council of Cultural Relations Visiting Professor at the Lund University, Sweden. Before joining IIMC in 1989, he taught at the Tata Institute of Social Sciences, Mumbai and at the Gokhale Institute of Politics and Economics, Pune. The major area of his research interest is sociology of poverty, social welfare, and social policy, including business solutions for poverty. He is associated with a couple of NGOs and a not-for-profit company engaged in mitigating child malnutrition among the poor through social business.