Monash Business School to host public lecture
Using social businesses to help tackle global poverty will be discussed at a forthcoming public lecture hosted by Monash Business School.
Nobel Laureate, social entrepreneur, banker, economist and civil society leader Professor Muhammad Yunus will discuss a series of programs that have been helping to reduce the cycle of poverty for families in Bangladesh and beyond.
Professor Yunus is the founder of the modern microfinance and has developed a number of approaches including microfinance. He regards his recent innovation, social business, as an effective way of achieving social justice and inclusive economic participation while reducing poverty and inequality.
Monash Business School and Professor Yunus are working together with the Grameen Foundation Australia to put social business on the economic and political map in Australia. This process will begin with the public lecture by Professor Yunus at the Robert Blackwood Hall on Oct. 11.
Event organiser Associate Professor Quamrul Alam from the Department of Management said that in the present global context, large companies should play a role in addressing inequality and endemic poverty. Poverty is not a problem confined to developing countries but was also relevant to pockets of struggling people in nations like Australia.
“By using the social business model, disadvantaged groups are able to develop their skills and build profitable businesses while not having to bear the burden of interest payments,” Associate Professor Alam said.
“It is increasingly recognized that charity is not the way out of poverty and the associated social exclusion. Without an effective strategy to address global poverty, there will be serious consequences for global peace and development.”
Fortune Magazine has named Professor Yunus as one of the 12 greatest entrepreneurs of our time. This pioneer of more than 50 social business companies in Bangladesh was awarded the Nobel Peace Prize in 2006 for his efforts to lift people out of poverty.
Professor Muhammad Yunus will deliver a public lecture on Social Business for Tackling Society’s Most Pressing Problems on Saturday, Oct. 11 at the Robert Blackwood Hall, Monash University’s Clayton campus.
The lecture will be followed by a Q&A session with the audience.
About the Monash Business School
Monash Business School is ranked number one in the Asia-Pacific region in a number of their business discipline areas. The “triple crown” accreditation now places Monash among the 60 business schools in the world with such global recognition, which equates to less than one per cent of business schools.
Included in Monash University’s Faculty of Business and Economics are the following departments:
- Accounting and Finance
- Business Law and Taxation
- Econometrics and Business Statistics