What is Social Business?
A social business, as defined by Professor Muhammad Yunus, is a business created to solve social issues in a financially sustainable way. A social business is established primarily to pursue social or environmental goals rather than personal economic gain. The unique feature of social business is that it generates profit from social work and then uses it to sustain itself. Overall, with a no-loss-no-dividend concept and impact-driven motive, the social business model is a business that turns the motive of profit maximisation into benefit maximisation
Nobel Peace Laureate
Professor Muhammad Yunus
at AIU
The 3ZERO Club is an initiative towards achieving the Nobel Peace Laureate Professor Muhammad Yunus’s vision of creating a world of three zeros — zero net carbon emission, zero wealth concentration for ending poverty, and zero unemployment by unleashing entrepreneurship in all. To date, fifteen (15) 3Zero Clubs have been registered by AIU students. Compliment with 8 Hour Rule by AIU, the 3Zero Club activities allow the students and staff to fulfil the 8-hour contribution to society (by helping others in need).
Social Business Design Lab
The AIU-Social Business Design Lab is a brainstorming platform for students to cultivate their creative minds to find social solution and social innovation ideas. We believe, in order for social solution and social innovation ideas to be invented, the students need to be actively engaged in community projects and programmes. By doing this, they will have a better understanding on the root issues involved, the challenges, strategies to overcome and propose potential solutions. Our community engagement programmes are in Baling and Sik, Kedah. The potential social solution or innovation would be a new method, business model, tool and equipment, software or an app that will improve the quality of life of the people, especially the poor. These solutions will then be turned into social business ideas. This lab is divided into 3 clusters. As stated by Professor Muhammad Yunus, there are 3 crucial areas that the world needs to focus on; (1) Poverty (Zero Wealth Concentration), (2) Unemployment (Zero Unemployment) and (3) Net Carbon Emissions (Zero Net Carbon Emissions).
Achievements
