Effectual Entrepreneurship, Third Edition
Practically Speaking
Grameen Bank – Part 2 - Principles & Practices
The principles of this stakeholder-focused bank are logically the inverse of standard banking practices which serve shareholders.
Entity: Grameen Bank
Country: Bangladesh
Pages 404-406 in
Chapter 23 Social Change and Markets in Human Hope (pp. 391 to 424)
"In a presentation at Darden School of Business at the University of Virgina in 2004, Mohammed Yunus outlined the following principles and practices of Grameen Bank (GB), which were developed while building the bank.
Looking back, he noted that almost all are the inverse of standard banking practices. Considering that traditional banks are ultimately built to serve shareholders, it is logical that Grameen Bank, built to serve those considered "unbankable," would take a very different approach, as summarized by Sarasvathy (2022, pp. 223-225):"
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Video Resources
References & Links
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- Howard Schultz: An Overview of the Entrepreneur’s Career - 2025. (n.d.-c). MasterClass. Retrieved April 20, 2025, from https://www.masterclass.com/articles/howard-schultz-life-and-career
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- Starbucks’s Howard Schultz: From Coffee Entrepreneur to Three-Time CEO. (n.d.). WSJ. Retrieved April 20, 2025, from https://www.wsj.com/story/starbuckss-howard-schultz-from-coffee-entrepreneur-to-three-time-ceo-439768fc
- Taylor, K. (2017, December 13). From Brooklyn to Billionaire: The Story of How Howard Schultz Transformed Starbucks Into an $84 Billion Business. Inc. https://www.inc.com/business-insider/howard-schultz-chairman-former-ceo-starbucks-successful-billionaire-coffee.html
- The Man Behind Starbucks Reveals How He Changed the World—YouTube. (n.d.). Retrieved April 20, 2025, from https://www.youtube.com/watch?v=LnA7n9qSB7E&t=255s
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