A social business is a non-dividend business whose aim is to solve a social problem through business methods. It is different from both a traditional personal profit-making business and a charity. Following this principle established by Nobel Laureate Payap University has established the Payap Yunus Social Business Center to implement the seven principles of Yunus social business.
The Payap-Yunus Social Business Center (PYSBC) aims to serve as a hub for disseminating the concepts and practices of social business, fostering understanding among students and researchers at the university. The center adheres to the philosophy of creating sustainable solutions to poverty and social problems, and it is committed to conducting research, providing education, developing academic programs and curricula, engaging in action research, and organizing knowledge-sharing activities related to social business, such as competitions, workshops, and seminars.
The center also collaborates with national and international partners to expand the concept of social business to students, researchers, and broader communities and regions, creating a positive impact aligned with the Sustainable Development Goals (SDGs). The center also aims to inspire students to see the opportunity to transform existing social problems into business challenges, urging the new generation to drive change based on the "three zeros" principles: 1) Zero Poverty, 2) Zero Unemployment, and 3) Zero Net Carbon Emission.
