Terms & Definitions ABC


Corporate social responsibility
Corporate Social Responsibility. The definition of social responsibility is the obligation an organization's management team has towards the interests and welfare of the society or community that provides it with resources and environment to not only survive but flourish.
Personal development
Personal development covers activities that improve awareness and identity, develop talents and potential, build human capital and facilitate employability, enhance the quality of life and contribute to the realization of dreams and aspirations. Personal development takes place over the course of a person's entire life.
Self-empowerment
Self empowerment means an individual is in control of his or her life and views the trials they face in life in a positive way. It’s also about building self-esteem and confidence. And with the right kind of motivation, a person can be empowered to have a happier and more successful life.
Self-sufficiency
Self-sufficiency (also called self-containment) is the state of not requiring any aid, support, or interaction, for survival; it is therefore a type of personal or collective autonomy. On a national scale, a totally self-sufficient economy that does not trade with the outside world is called an autarky.
Social business
Social business was defined by Nobel Peace Prize laureate Professor Muhammad Yunus and is described in his books Creating a world without poverty. Social Business and the future of capitalism and Building Social Business. The new kind of capitalism that serves humanity's most pressing needs.
Social entrepreneur
A person who establishes an enterprise with the aim of solving social problems or effecting social change.
Social entrepreneurship
Social entrepreneurship is the use of start-up companies and other entrepreneurs to develop, fund and implement solutions to social, cultural, or environmental issues. This concept may be applied to a variety of organizations with different sizes, aims, and beliefs. For-profit entrepreneurs typically measure performance using business metrics like profit, revenues and increases in stock prices, but social entrepreneurs are either non-profits or blend for-profit goals with generating a positive.
Social enterprise
A social enterprise is an organization that is directly involved in the sale of goods and services to a market, but that also has specific social objectives that serve as its primary purpose.
Social impact investment
Social impact investment is an approach to using investment funds that delivers social dividends and economic returns. It covers a wide spectrum of activity ranging from loans on favourable terms through to private-public partnerships and social benefit bonds.Social media
Transitional housing
Transitional housing provides temporary housing for the certain segments of the homeless population, including working homeless making insufficient wages who have trouble affording long-term housing, and is set up to transition their residents into permanent, affordable housing. It is not in an emergency homeless shelter but usually a room or apartment in a residence with support services.Volunteer for communication.
Women empowerment
Women's economic empowerment refers to the ability for women to enjoy their right to control and benefit from resources, assets, income and their own time, as well as the ability to manage risk and improve their economic status and well being.