Authors : Syed Delowar Hossain and Syed Robayet Ferdous
Abstract: Though, the outbound literature of social organization charged with discord of its social and economical development, this study discus three successful social business in Bangladesh, those are playing a vital role to develop the socio-economic and parade the downtrodden people into power by meeting their most expressing needs. This study mainly has designed with case studies of three social businesses in Bangladesh those are first social business operating with highly impact both socially and economically to reduce major challenges and social betterment. The selected three social businesses are operating in-between social and commercial system with target to better product and service for low income people within theirs afford that are ignored by traditional business. Nowadays, after the advancement of hybrid social enterprise concept, many social businesses in and outside of national boundary has been operating successfully with creating better social and economical impact. Mainly this study highlights how the social businesses contributing to ensure standard living of poorest communities in Bangladesh and how take off the poorest from their poverty twist by deducting major social challenges. So, the discussion of this study could assist the national and international policy maker to be more concern initiated for establish new social business with environmental, social and commercial objective.
Syed Delowar Hossain and Syed Robayet Ferdous, 2015. New Paradigm of Business to Meet the Socio-Economic Challenges of Developing Countries: A Lesson from Bangladesh. International Business Management, 9: 840-847.