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The rapid pace of globalization over the last few decades has added new dimensions to the evolvement of the concept of Social Business in the context of the market economy. Since capitalism triumphs in the west and fails everywhere else, the need for an alternative business model has become increasingly apparent. Hence, Social Business is a new dimension for capitalism as an approach for harnessing the strength of profit-making through the objective of fulfilling human needs and creating self-supporting, viable commercial enterprises that generate economic growth even as it produces goods and services that make the world a better place. This business investment will enrich the productivity of the nations through education, employment-creation, poverty-reduction, transparency and so on.
About the author
Nargis Sultana lives in Chittagong, Bangladesh. She pursued her MBA from University of Chittagong with major in Finance from the department of Finance and Banking with CGPA 4.00 and she earned her BBA degree from the same university with CGPA 3.88. She also writes for certain dailies in Bangladesh. She wishes to pursue research work in the future.
