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What is a social business? In the past few years, the term has been used to mean “a non-loss, non-dividend company designed to address a social objective,” - a new kind of capitalism to serve humanities most pressing needs, pioneered by Nobel Peace Prize winner Muhammed Yunus and others. But with the rise of social media, another major use of social business has emerged. IBM’s basic definition is short and simple: A Social Business embraces networks of people to create business value.
created August 04, 2011
updated July 30, 2013