Becker to establish 'social business' center
Becker College has agreed to establish a center that will focus on how business can identify and solve social problems, working with the Seven Hills Foundation, the Worcester school announced.
The center will be called the Yunus Social Business Centre, named for Muhammad Yunus, a Bangladeshi economist and social entrepreneur who won the Nobel Peace Prize in 2006.
Becker is one of a handful of higher education institutions around the world — and the first in the United States — to establish a Yunus site.
Representatives of both institutions, joined by David Jordan, president and CEO of Seven Hills and a member of Becker’s board of trustees, signed a memorandum of understanding this week in Bangladesh, according to a statement from the college.
“The Yunus Social Business Centre @ Becker College complements our mission and vision, and expands the global concept of education we provide,” said Becker President Robert Johnson. “We believe in Yunus’ approach to social business because business is uniquely positioned to address need, create value, and drive profit which, in turn, can expand the reach, impact, and sustainability of the solution.”
The Yunus center at Becker will be located within the school’s Barrett Center for Global Innovation, Johnson said.
Muhammad Yunus pioneered the concept of social business, utilizing micro-finance to help the world’s poor develop self-sustainable businesses, according to the Becker statement.
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