Mostly, a number of big companies around the world want to help
people and countries in poverty alleviation, and other social work. The
dilemma faced by these companies is that they don’t know how and where
they can help in doing social work. They know their own businesses very
well, but are unaware of the needs of communities and nations. Many
organizations that are facing this problem have sought help and advice
from people who are actively involved in social work.
There are
two reasons why do large organizations want to get involved in social
work. The first is that their conscious tells them that there are needy
people who can be helped by them. The other is that organizations know
that they are paying huge amounts in tax to the governments. They think
that by reducing the profit, and putting it in a social business will be
more helpful than giving that extra tax on profit to the state.
When
an organization decides to setup a social business, the first rule that
they must be aware of is that this is not a profit-making venture. The
end of year accountability of the social business will not be counted in
currency, but the number of people helped and how many more people are
targeted to be helped in the following year. Organizations may need to
provide more funds annually to a social venture. For example, if a car
manufacturer decides to setup a free ambulance service, he/she may start
the service in one city and then decide to expand it to other cities,
until the service spreads throughout the country. Such a social venture
would require continuous funding.
Businesses with a conscience are
eager to help people overcome their miseries and social injustice, and
be actively engaged in setting up social businesses. Even governments of
poor countries seek social help from large organizations. These
organizations respond to such requests and help a number of countries in
various social sectors. Health and education are two of the key social
sectors that are funded by organizations. Researchers and educationists
think that by providing help in these two sectors, the next generation
will be able to rise above their current social standards
, and lead a
better life. Almost all the large world’s renowned organizations are
actively involved in funding social businesses.
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