archive source - old futurecapitalism.net
the whole of the USA - is a fast moving one. There have been changes of personnel since the
content we wrote below the line (which we will update once I have an opportunity to make my fifth visit to Dhaka). For the
moment this piece from Yunus Forum serves to show that Dr Yunus is keeping this social business's extrordinary
goals energetically on course.
Interview with Professor Muhammad Yunus Chairman, Grameen Shakti|
|1. Why Grameen Shakti? |
Global warming is an on-going over-riding issue in Bangladesh. So is the shortage of power. There is hardly
any electricity in the rural areas. Eighty per cent of people of Bangladesh live in the rural areas. Seventy percent
of the population of Bangladesh has no access to electricity. I thought it gives us an opportunity to bring renewable energy
to Bangladesh. But it was not easy, because the price of solar panel per watt was too high; it was not affordable to villagers.
In addition, high costs are involved in installing solar panels in village homes. At one point, I thought I should start experimenting
with it even if it is too expensive. Maybe someday, the price of solar panel will come down; and it will become affordable.
I contacted Rockefeller Brothers Fund (RBF) in January, 1995. They responded very warmly to help us experiment
with the acceptability of solar home system. I went to the USA the same month and met them. Following up on our
discussion RBF wrote to Mr. Neville Williams, Chairman, Solar Electric Light Fund (SELF) explaining my interest in experimenting
with solar home systems in a sustainable way. Mr. Williams connected me to Solar Power Light Company Ltd (Sri Lanka)
and Lotus Energy (Nepal).
After discussion with Sri Lanka and Nepal we worked out an action plan. Solar Power
Light company will provide us the solar panel, Lotus Energy company will give us the accessories, Rahim Afroz of Dhaka will
supply us the battery. Grameen Shakti will install 20 solar home systems under this agreement. The total cost
of $ 16,700 was to be funded by RBF.
This was the beginning of Grameen Shakti. In the next phase we expanded
our programme to 100 solar home systems in 1995. Shameem Anowar, who was the head of Technology Department of Grameen
Bank, became the contact person for all our negotiations and activities. Khalid Shams, the Deputy Managing Director
of Grameen Bank was leading the Grameen team.
For marketing the first 100 units we came up with the following options:
Each solar home system will cost Tk. 20,000
Option 1 Total amount to be paid on installation
of the system.
Option 2 Total amount to be repaid in five years in monthly installments of Tk.
300, with a down payment of Tk. 5,000.
Option 3 To be repaid in monthly installment of Tk. 400,
or in weekly installments of Tk. 93.
By March 1996 Grameen Shakti started to implement the programme with great
enthusiasm. RBF provided $ 75,000, Stichting Gilles of Belgium provided $ 40,000.
Dr. Farashuddin joined
as an Advisor to Grameen Shakti in October, 1995. Dr. Farashuddin just came back from abroad after retiring from his
service in the UNDP. I gave the responsibilities to him to oversee the project. He was supported by Engineer Ruhul Quddus
who provided the technological know-how to the project.
The solar home system experiment excited me.
For the first time I started to feel that this can be done. This is not impossible at all. We need to focus on
it as a consumer product. People need it, we can provide it in an affordable way. With the confidence I gained from
the experiment I wanted to proceed in a more systematic way. Dewan Alamgir was appointed as a consultant to write project
documents. Whenever we talked to the energy experts about our project, they would advise me to do more research.
I kept saying that I am not a researcher, I am a seller of a product. I want to make it a popular product. That's
how I'll design everything. Soon I found out that our product was gaining popularity. Rural people started to pay attention
to our product.
By 1996 I felt that it was time to convert the project as a not-for-profit company.
Since Dr. Farashuddin was leaving I put Dipal Chandra Barua's (General Manager, Grameen Bank) name on company's memorandum
of association as the Managing Director of Grameen Shakti. This was done as a stop-gap arrangement until I could find
a full time Managing Director, Usually I put Khalid Sham's (Deputy Managing Director, Grameen Bank) name for such appointments.
Since his hands were full, this time I gave it to Dipal.
2. Were you happy with the response
Yes, I was. I felt very encouraged. We developed the product and made it attractive to
our potential customers. However, maintenance became an important issue. We found a great solution to it by giving the
responsibility to young village girls with some schooling and gave them an attractive name - Solar Engineers. They loved
it and became proud of it. We have installed over 365,000 SHS in Bangladesh and we hope to reach a million SHS by 2013. We
are selling 20,000 SHS per month in 2010.
3. How does it make a difference in the
context of Global Warming? It is such a tiny effort.
This might be a small effort in terms of global warming.
We have developed the seed in Bangladesh and this seed can be planted everywhere in the world. If the costs of the panel are
reduced, more and more people will switch to solar system for sure. If the cost comes down to $ 1.50 per watt, the panels
would be extremely popular. I think the whole of Bangladesh will go for solar home system. Demand for SHS is in a steady
growth even with the price of almost $ 3 per watt.
4. Is it replicable?
Of course it is! We can use solar energy for all our household needs. It works for individuals.
It works for community. Households can actually become producers of electricity for the national grid. This can
become extra source of income. This can work anywhere, in Bangladesh, or any other country.
Why isn't it spreading like Microcredit did?
Microcredit took time to spread. We started microcredit
in 1976. The first replication came in 1982. By 2010, it became a global phenomenon. Grameen Shakti was born in 1996.
Initial growth is always slow. Then it picks up speed. Grameen Shakti has all the elements of success. All new concepts and
methods must be tried and tested before they gain huge momentum.
6. Will it always remain
dependent on foreign suppliers who will make money for themselves?
If the market grows internally,
I’m sure it will be possible for the panels to be produced locally. Bangladesh can produce its own panels. Chemical
based technology would be a cheaper alternative to the existing, silicon-based technology. We are waiting for that.
We want to create social business to produce solar panel. We are discussing with a German company to produce solar panels
7. How can social business help spread the use of solar energy?
Social business can play two roles: producing the solar panels and installing the SHSs. Social business is an important
addition to traditional capitalism. In social business, there is no intention to make personal profit. SHSs can be installed
at a cheaper price as a social business. Social business is the most effective way to spread renewable energy.
8. When will it really take off?
It has already taken off.
Important technological breakthroughs in producing solar panels will allow mass production locally.
It will boost sales, usage, and make solar energy a product of mass consumption. Social businesses with the objective
of popularizing solar energy will hasten the speed of its growth.
9. What is the
management structure of Grameen Shakti like and how has it improved over the last 15 years?
management structure at Grameen Shakti is virtually the same as the one within Grameen Bank. There’s a head office in
Dhaka, 12 Divisional offices, 117 regional offices and 840 branch offices. The branch offices are the most important entities
because that’s where the actual contacts with the households are maintained. Other higher level offices are for keeping
the supply line fully primed, offer any assistance to the branches, plan and monitor the expansion and quality of service.
10. Were there any obstacles in the early days of Grameen Shakti? How did you overcome them?
The price was the main obstacle but we overcame that problem by allowing customers to pay for their solar panels over
2 to 3 years in monthly installments. If the customers are not satisfied with the product, they can return their SHSs and
they will not be required to pay monthly installments any more. They can enjoy the panels for as long as they pay the monthly
installments. People found it very attractive offer. Very few customers in reality actually returned their
SHSs. Once electricity enters your house it is impossible to get it out of your life again.
Will you remain focused on Solar? What about other renewable sources?
We are not focused on solar.
Solar, wind, and bio-gas are all sources of renewable energy which we are deeply involved with in Bangladesh.
Both our bio-gas plant and Improved Cooking Stove (ICS) programmes are growing fast. By March, 2010 we have installed
almost 11,000 bio-gas plants. Each month we are adding 550 bio-gas plants. By 2012 we expect to install 50,000
Fuel-saving ICS are also growing at a fast speed. We add 20,000 ICSs per month. By
2011 our plan is to have 400,000 ICS in rural homes. Our first million ICS will be installed by December, 2013.
We are continuously looking for more ways to produce green energy. We are also focusing on hydrogen fuel-cell. Soon we hope
to produce hydrogen fuel-cell based electricity for the rural poor. We have the technology; we are looking for the investors.
As soon as financing can be arranged we can go for production and marketing.
renewable energy play a significant role in the economy?
I see an enormous possibility. But cost
factor will be the deciding factor. The world needs to put a great emphasis on the research to make the technology cheaper
and more efficient. If this is done, the goal can be achieved.
13. What will happen ten
years from now?
With the terrible crisis of global warming getting more serious every day I think
in ten years a dramatic change will have to come in converting the economies from fossil-fuel-based power to renewable energy.
We are preparing the ground for it. We are playing the role of being the facilitator of that massive change-over.
Pursuing the COP15 conference, more research can be done to find cheaper, sustainable energy sources. Time is running
out. We'll have to move faster and faster. I hope within 10 year renewable energy will become the norm in Bangladesh,
and in the rest of the world. Technological advances along with lowered prices will put fossil fuels in the declining phase,
and make renewable energy the power source of the future.
For more information on Grameen Shakti, please visit: http://www.gshakti.org/
Social Business Case - Grameen Shakti -open source property asserted by The Social Business Action Team - Q&A welcomed by team - chris.macrae @yahoo.co.uk washington DC 301 881 1655
the greatest innovation team you have ever encountered? http://www.gshakti.org/
Being privileged to go on a full
tour of Grameen headquarters in Dhaka – which can typically happen once a summer to celebrate dr yunus birthday http://yunusforum.net – is rather like going into 20 magician’s laboratories. Unless
you’ve done the tour within the last 5 years, you are almost guaranteed to find each lab has an entrepreneurial revolution
accelerating exponentially that is about to make conventional wisdom history.
the summer of 2008 (10000 free dvds of our tour sampled or accessible as youtubes at http://yunus10000.com ), my biggest surprise ever was to walk into grameen shakti (which we were told
means energy). There we were greeted with the news that this one bank for the poor was installing more solar units than the
whole of the USA. As CEO of Shakti and number 2 man in the whole of Grameen Bank explains its been an exponential journey
since starting Grameen’s renewable energy team in 1996.
I always forget the exact frequency of
moores law – the couple of years or so it takes for computer-chip power to double being one of the few exponentials
the western business world talks about. But Grameen’s doubling of solar units has now reached a faster rate of than
As they say on Bangladesh, entrepreneurial energy starts
micro but large scaling up of sustainabilty exponentials is what grandmaster players and partners of Social Busness
have a dream of empowering 75 million people of Bangladesh through renewable energy technologies, Dipal Barua CEO Grameen
Shakti and in 2009 the First Winner of Zayed Future Energy Prize ( named after the Crown Prince of Abu Dhabi).
for 2015 which Grameen Shakti is expoentially on track to achieve:
7.5 million solar homes will be installed
2 million biogas plants will be constructed
25 million improved cooking stoves will be produced
100000 Green Jobs will be created for villagers
That’s why we can be confindent that Dipal Barua commits royal parties to his vision
with optimistic realism. The royalty whose Barua and Dr Yunus shake around the world seem to have
become the number 1 cheerleaders of breaking through climate crisis http://saintjames.tv – do rsvp info @worldcitizen.tv if you know of other opinion leader groups
that are going beyond words to action summiting and social business funding.
Like microcredit banks, clean energy’s simplest sustainable forms are very
micro and locally communal not something that big business models of global corporations can economically serve. This is probably
why even if the world’s biggest petroleum companies had a change of soul their systems wouldn’t be the leaders
in renewable energy and mapping local biomass interfaces.
an impudent Scot –ie one like half of all my compatriots whose descendants emigrated after the banking scandal of 1700
left us permanently in hock to the English – I love to ask the question which place’s people have the most leverage
to help get the whole human race back on a planet-wide sustainability exponential instead of the crashing ones that fallible
global has pun for quarter of a century.
they tell people from the UK and London in particular please make sure your sustainability Olympics 2012 is recalled as much
for sustainability as the passing sports. And please help the world’s largest social business business broadcaster http://news.bbc.co.uk/2/hi/science/nature/8130130.stm learns most of all from that experience because if the BBC was asking change system questions about
every sustainability crisis that would be huge.
Perhaps the UK is capable of the greatest single gift to humanity
in the 2010s a nation is capable of networking, which facing the history books of the Indian subcontinent might be as near
to reconciling the compound poverty traps spun by our colonial past as we –her majesty’s subjects - can get. Again
we at info @ worldcitizen.tv love to hear of different greatest gifts nations could be connecting in uniting the network generation to
end poverty. We urgently need to transform to Micro Up systems -so making every top-down crashing sustainability
exponential history, and empowering the futures of all our children as safe to inherit a better place
and space to be.
|Gordon and friends of youth- |your final radio segment over the new year
(just heard) is a big aha moment for me 05-12.mp3
I have been wanting to start a discussion soon with people
who are definitely coming to yunus dialogue on june 29 on do we agree what the 2 biggest questions are in the life of youth (or anyone with a future)
my candidate questions for others to elect or replace are
1 how to make end poverty the space race of our networked generation
- a game people play that unites communities beyond nations and gets far more share of voice than sports or other
2 and what are the next billion dollar
co-creation industries that we can invest our next 10 years of life around - the question your audio prompts with youth
its seems to me that beyond moral value 1 is a systems and network transparency
mapping question that helps you protect your commiunity from getting system trapped in poverty as well as helping others
out of it;
that the second question is the way round the
fact that wall street and others with the biggest funds to invest with have stop compounding value sustaining futures
-this is why their top-down professional monoploies and erroneous maths of bubble up and crash has literally stopped economics from celebrating more economic models- especially 10 times more economic banking, health, energy, education that networking could be leading towards
so we the people need to ask the questions, and that means target people are youth 15 years up who
need to also bet their lives, work, communities on answers to q2
Gordon- if I am nearly right that makes your game and other inputs absolutely central so the question becomes
how can we prepare either way for the case that you are there in dhaka on june 29 and the case that we need to circulate a
game of yours to all particpants in absentia
I have some bias partly because you and yunus are the only 2 epicentres that have practised way beyond the fictional story
of my dad's 1984 book but it wold be extremely sad for me if you and yunus never meet
somewhere in this adventure learning tours (more in column 3) may be one of the next billion dollar industries
and they also provide univesrity students opportunities to exchange places rather be located in one walled street seat
of learning; I am pretty sure that paul rose already connects with advisers on how to go experience action learning, and that
mostofa's challenge from yunus to identify 5000 youth ambasadorsalso links into to the wholoe entrepreneurial map that our ideas interconnect around the spiirit of youth to dare to ask the
deepest win-iwin-won innovation questions before rushing to answers
will have another go at writing to the NZ vice chancellor of oxford on why he should send a delegate on june 29; anyone got
any feedback on how to connect the above in ways that become unstoppably human?
usa 301 881 1655 future capitalism - questions; adventure learning tours; benhmark partners in 10 times more economic models
grameen.tv brac.tv jamiibora.net socialbusiness.tv
From: Gordon Dryden Subject: FC conference on June 29.
To: "chris macrae" <firstname.lastname@example.org>
Date: Monday, 11 May, 2009, 12:36
I am still trying to organize it so I can make it in person to your June 29 conference.
My big challenge is that
I have organized a big slice of funding for the major innovation I am working on to introduce creative innovation and business
entrepreneurship as a New Zealand high school curriculum subject from 2010.
The decision to introduce that as a
subject in NZ high schools has already been made — and trialled (with fairly good success) in four New Zealand schools:
three of them in the city where I live: Auckland.
But the big challenge is to get sufficient teachers up to speed
so they can run “Wow!”-type programs for students to learn from exciting real-world examples.
a largre part of that challenge will be achieved through leveraging my Aha! Game into an interactive Wev as the template for
students to turn their own specific talents, passion, hobbies and loves into world-class business successes . . . The calls
for a series of one-day seminars, which involve me personally (while I have a team developing the interactive Web platform).
Unfortunately – for you timing, the first of these must be held in our mid-year two-week school holiday break,
which starts from Friday, June 3, when I will be in the final preparation stages.
However, the better news is that
the online program, while initially funded fo New Zealand school use, will at the same time be available internationally and
The first “layer” of that Website will be based on the Aha! Board game (attached again to refresh
yur memory), but with up-to-date examples. Online, this layer will enable the program to be accessed individually by
(1) students, thus with more business models invented by students, (2) teachers, (3) dropouts, (4) hobbyists, (5) parents
and (6) grandparents.
The “game” also teaches lateral-thinking and innovation all aspects of business
(as in laying the board game) — and makes it easy for students to learn how to put together a business plan (including
various aspects of low-cost or nil funding).
Layer two of the website will have brief video and Powerpoint and
Apple Keynote summaries of each of the 132 business-success examples in the board game (I will be presenting the summaries
on videotape), with click-through links to YouTube, TED.com and other excellent interviews and videos covering the successful
entrepreneurs who have pioneered the 132 examples.
The next layer will enable students and teachers to both build
their own innovative plans to build their own talents into successful careers – and for teachers to share best interactive
If not able to attend, I can easily prepare a short interactive presentation to be used at your conference.
Gordon Dryden in New Zealand
Monday, 11 May, 2009 6:56 AM From: "Paul
This is in haste - just leaving for BBC Scotland, so will be in touch again later today.
I am very excited about the learning tours and have been in contact with my dear friends at Impact here in the UK. You already
know a little about Impact from me and Wendy of course, but I think the learning tours approach to corporates is a perfect
ground for Impact.
They are experienced and impressive at bringing global issues to life in the corporate
Last summer I presented at an Impact event in Athens which engaged all of Diageo
with climate change issues including global awareness, top to bottom committment to the ambitious CO2 reduction promise, planting
a million trees and adoption of a green energy project. All done in great style in 3 days!
Impact have a
brill track record with this approach and I reckon we should make plans for an Impact Corporate Learning Tour to be launched
I have copied this through to my dear friend at Impact UK, Jonathan Stevens. He helps me look after these
type of initiatives and is a brilliant, well informed and connected corporate facilitator. I know you are running between
US and UK aat the moment. I'm UK based for the next few weeks, how are you fixed for a UK meeting?
Sorry this is
rushed Chris - gotta get that train, aaarghh!!!!!
All best, Paul http://www.paulrose.org/
Date: Sun, 10 May 2009 22:28:30 +0000 From: email@example.com
Is there someone in London at Flightcentre that I could meet, or in australia whom I could email chat
I would like any advice on how to develop learning adventure tours to bangladesh giving
the background below. I would rather explore your company's attitude to this before contacting others in the travel industry
(though Virgin is a natural as richard branson is a fan of Bangladeshi's 2 extraordinary entrepreneurial revolutionaries who
are doing more to collaboratively network millennium goals than any one else)
Nobel laureate and personal
friend Muhammad Yunus currently helps attract about 2000 student interns and 2000 executives each year to dhaka
and rural visits; they are likely to be scaling up by 10-fold in the next 2 years particularly as he wishes to recognise a
5000 youth ambassador network which can connect his micro up and collaborative networking methods with President Obama's Yes
We Can youth- whose aims include 5 million green and community-based jobs if his presidency is to keep its electoral
President Obama's mother was a peer of Muhammad Yunus in developing community banking something the
whole world now wants to know more about after the wall street led crashes. Equally amazing learning trips can be constructed
around solar energy - Yunus's bank already installs more solar units than the USA; mobile partnerships, Grameen expects to
work with India on banking a billion people through mobile in under a decade. Changing the whole of learning in schools is
the next big thing that Yunus is inviting young people to connect.
GUIDES TO PROJECTS THAT SAVE THE WORLD
of Dr Yunus are mapping thousands of locations where communities develop a sustainability solution they then want to
open source. 92 Congressmen have put their name to investing in such bottom-up learning benchmark exchanges http://www.results.org/website/article.asp?id=3709
Parisians are producing a movie on this world cheerleading story.
It seems to me that learning tours that
save the world could be an exciting partnership for someone in the travel industry to help make happen. Dr Yunus has already
made about 20 corporate partnerships with large companies since winning the Nobel Prize. The Nobel committee themselves have
opened the first Nobel museum outside of Nordica in Dhaka as an expression of connecting Bangladeshi youth with worldwide
yes we can networks. My father worked at The Economist for 40 years http://yunusforum.net/
and in 1984 we wrote a bookhttp://www.normanmacrae.com/netfuture.html
suggesting that ending poverty needed to be the ';space race" of the generation that goes global if we are
to sustainably do this.
any ideas you have most welcome
Help us develop Future Capitalism journalists
age group, and round every joyous curriculum of life. Sister space- FC Ning
for discussions; FC.tv
how worldwide responsibility leaders ar joining in; FC.com
package tours to future capitalism youth are guiding as we integrate win-win-win locally to globally
youtube: socialactions socialbusinessfuturecapitalism safebanks
case-webs: socialbusiness,futurecapitalism partners
|-why! because helping your social networks understand the systemic
threats and opportunities of future capitalism gravitates our net ageYes We Can democracy - as Barack Obama reminds us - broadly speaking entrepreneurial truth blossoms around future
capitalism that is integrated bottom-up is safe, innovative, happily productive and free as in the sense chartered from the
first penning of The Declaration of Independence. Conversely, capitalism top-downed by walled streets is a system that
chains more and more people in poverty accidentally or knowingly as you can see from the way Wall Street has behaved || ||-how! the blog (eblow) part of this web will
try and grade insightful contributions to the debates every age group needs to hows so that your personal economics and communities
liberate your geratest competences and job creation not the reverse|| ||-where is
future capitalism thriving most - we will map -and intercity blog - this (with your help) but 2 clues come from
where gandhi's empowerting cultures have most consistently blossomed -India andBangladesh -our next youth dialogue is a special 69th birthday party in Dhaka with Nobel peace laureate Muhammad Yunus whose generational goal
- a collaboration space race to see which cities and villages can be forst to proudly justify poverty museums -for uniting
humanity entrepreneurially is the most inspiring we have yet heard of or tried to design social business practices around|
have worked with entrepreneurs and innovators for 30 years - I love such spirits. But I do not accept that the last decade
of innovating with numbers is a sustainable way to pass on to our children and the 21st Century's networked
world. My family 1 2
have been helping people debate how to prevent such big brotherdom since 1984.
Most of the excuses of big banks in the last 12 months involve pitiful wrong maths led by rich people
who have the nerve to say they are too indispensible to close down even though we'd close down other businesses that
bankrupt themselves. Unseen Wealth
alumni have known since 2000 that governance measurement are wrong in big organisations unless you want to compound
unknown risks. There is a different way to design organisations to be productive places for people- that way is one designed
not macroeconomists. Let's make a list of places where you can meet and try out this game
or phone our washington DC bureau 301 881 1655 if you have a suggestion to table below
networks such as those of obama alumni, Gordon Brown's social action networks, Muhammad Yunus alunni, california's the global
summit - see http://www.yunusuni.com/id47.html
Saturday, March 28, 2009How to design nation to short-change next generation3:31 pm edt
11:17 am edt
Grade 15 & UP aka SMBA
America's Great Mistakes.
Instead of celebrating the intellectual , social and economic
victory when the berlin wall fall as Europe's senior journalist of entrepreneurship optimistically hoped in 1984, America compounded its neurotic trillionnaire insecurities. Instead of openly collaborating with highly educated but rottenly systemised peoples of East Europe, american
superpower took capitalism to its extreme where ironically it met extreme communism. Both end as the same failing system
in which the largest organisations become vested interest groups for a few people at the top of the organisation - in extreme
capitalism's case they pay themselves 1000 times the average worker, in extreme communism's case they surround themselves
with 1000 times more luxury.
What surprises me as son of europe's oldest journalist of future capitalism
is the top 10 ideas that dad advocated to keep capitalism microeconomically grounded -let alone sustainable - have been
separately adopted by 10 different US institutions each of whom push the one idea to the exclusion of te other nine.
This is not how sustainable system designs work economically or socially.
I havent bother myself with trying to
work out which is which of the ten think tanks that need to connect with each other - and it may be partly irrelevant
as every club is morphing in response to wall street's implosion. One of the most interesting of these formerly separated
tenth-right institutes has Ralph Neder parentage. Being a Scot I dont fully know ralph's cv but I have seen him stand up for
some very brave consumer rights and some incomprehensibly oddly timed poltical manoeuvres. I am rather fond of the fact that
someone who has walked in adjacent streets to the powerful he seems to live a modest lifestyle still energising what
he believes is the next peoples crusade. In wall steet watch he may be at his best:
this is a day full of videos including krugman on what Obama needs to do to prevent banking crisis slumping
this is wsw's summary (sold out march 2009) on the history of12 deregulatory steps to financial meltdown
1 Repeal of Glass-Steagall Act & rise of culture
2 Hiding liabilities- off balance sheet accounting
3 The executive branch rejects financial
4 Congress blocks financial derivative regulation
5 The SEC's voluntary regulation regme for
6 Bank self-regulation goes global
7 Failure to prevent predatory lending
8 Federal preemption
of state consumer protection laws
9 Escaping accountability -assignee liability
10 Fannie & Freddie enter subprime
11 Merger mania in banking sector
12 Rampant conflicts of interest- credit ratings firms failure
was american democracy that was!
Enter main content here
- - 04J4wPbhsf4C http://books.google.com/books?id=04J4wPbhsf4C
Keith Dinnie - ISBN 075068349X - 2aULAAAACAAJ http://books.google.com/books?id=2aULAAAACAAJ
Chris Macrae - ISBN 0201877430 - uCTLjpVRGfQC http://books.google.com/books?id=uCTLjpVRGfQC
Chris Macrae - ISBN 0201544075 - YYH7ugbNDqQC http://books.google.com/books?id=YYH7ugbNDqQC
Muhammad Yunus - ISBN 1586485792 - jzoKAAAACAAJ http://books.google.com/books?id=jzoKAAAACAAJ
Muhammad Yunus, Alan Jolis - ISBN 0195795377 - FPf5OwAACAAJ http://books.google.com/books?id=FPf5OwAACAAJ
Norman Macrae - F7IJAAAAIAAJ http://books.google.com/books?id=F7IJAAAAIAAJ
Norman Macrae - OO-_gSRhe-EC http://books.google.com/books?id=OO-_gSRhe-EC
Norman Macrae - ISBN 082182676X - Mx6GHgAACAAJ http://books.google.com/books?id=Mx6GHgAACAAJ
Norman Macrae - ISBN 0283991135 - P0wiAAAAMAAJ http://books.google.com/books?id=P0wiAAAAMAAJ
Norman MacraeWhat is A Social Business System
and How Has it Become The Most Exciting Entrepreneurial Pursuit?
A social business system maps governance around 2 core dynamics:
-like other businesses it must have a business model that sustains positive cashflow
-unlike other businesses it has no owners demanding external dividends –
in this respect it may be owned in trust or it could be owned by the poorest in the communities it serves
The system design of a social business
is such that, at every cycle, it reinvests all its surplus in its purpose. Social business systems can thus sustain the most
purposeful organisational designs in entrepreneurial world and free markets where needs are life-critical.
Extraordinary human purposes include
helping lead the way in ending poverty and achieving the millennium goals which were cross-culturally agreed as cultivating
minimum rights so that every child can be born to have a fair chance at life.
Regions with the longest experience in social business modeling began with microcredit
banks. They are now also making sustainability investments which communities around the world can learn about with the internet’s
open source modes of interaction. We will see worldwide examples such as leadership in solar energy and innovations with mobile
and internet technology which are being led by social business entrepreneurs.
The Social Business permeates through transparent leadership and needs to attract
and earn goodwill from many sides so that it can compound long-term consequences of vital matter. These are not systems governed
transactionally by how much did one group extract every quarter. Deep communal goals need time to fully invest in sustainability’s
upward exponential, as well as to reward hi-trust relationship interactions through.
TRANSPARENCY OF GOODWILL MULTIPLICATION
transparent maps for achieving deep social impacts often involve upfront resolution of environmental or other cultural conflicts
which trapped a community in poverty as a failed system. This knowledge echoes a system’s finding of open space facilitators
and other community builders that the whole truth of human innovation –including transformation of a system to a higher
order of harmony – often involves taking many sides who have been conflicted with each other simultaneously through
the same conflict barriers. A community that does not enjoy “peace” cannot invest in job creation let alone its
children however entrepreneurial the advice of experts or the global aid projects they bring.
Historically the social business system
was conceived by passionately caring local entrepreneurs and microeconomists as a response to organically developing what
had become the world’s poorest nation. In XXX Bangladesh achieved independence but only after the mother of all wars
that flattened its infrastructure. Then in one year over a million people died of starvation.
Microcredit community banking became the
first innovation franchise that the social business model compounded around win-win-win relationships and inspiring human
purposes that mothers in village communities elected. Local conflicts that Bangladesh microcredit entrepreneurs had to resolve
first included ending loan shark’s stranglehold over remote villages, religious aspects of Muslim attitudes to loans
and the way that rural girls and women were historically treated as an underclass.
Transparent constitution of governance is core to the entrepreneurial revolution
of microcredit community banking –a leap forward for human progress that is not only the best tool for ending poverty
in Bangladesh but is helping to achieve this goal around the world as we will see below.
Transparency is also earned in minutiae of social
actions designed into a service franchise as well as what details are audited. For example, from day 1 Dr Yunus and the co-founders
of Grameen instructed local banking staff never to accept any gifts – not even a glass of milk from members as the microbankers
did their repayment rounds in Bangladesh’s humid climate.
After a third of a century of service, Bangladesh microcredit
is justifiably famous for being the safest in the world with 99% repayment rates but it would be an error to assume that this
is achieved by processing the most effective debt collection activities. It is earned because village members know that these
same bank staff are servants of the 16 decisions – the goals that the women customers who own Grameen Bank chose from
its first day of opening as defining the future of sustainable communities and ending poverty they wished to connect. Over
time these 16 decisions have defined Grameen’s entrepreneurial duty to sustainably innovate and relevantly invest in