Humanity

"Anybody who is offering their time to address a social or economic problem is a social entrepreneur. A social entrepreneur works within a scale ranging from zero to 100 percent cost recovery. If they distribute food to the hungry, they are operating at zero cost recovery. If they provide health services and charge a fee to cover part of the cost, they are operating at a positive cost recovery. Once they reach 100 percent cost recovery, they become a sustainable social entrepreneur.

If a social entrepreneur remains sustainable, they can become a legitimate player because they can draw on the resources of the market. The more sustainable social entrepreneurs there are, the more powerful they become as a business community.

The future of the world lies in the hands of these market-based social entrepreneurs. We cannot combat poverty within the orthodoxy of capitalism practiced today. Economic theory has not provided us with any alternative to this familiar model but I argue that we can create a powerful alternative: a social-consciousness-driven private sector, created by social entrepreneurs.”

Professor Muhammad Yunus         
Founder of Grameen Bank, Thought Leader, Social Entrepreneur         
Prof. Yunus and Grameen Bank were jointly awarded the Nobel Peace Prize (2006)         

At Royce International, we honor the spirit of Social Entrepreneurship and aspire to incorporate it into our business operations wherever feasible. We affirm the notions of “building able and compassionate individuals who have the power to empower” and “helping people help themselves".

In essence, Royce International aims to provide strategies and solutions to empower individuals with better performance, health, quality of life as well as the compassion and ability to inspire and empower others. Royce International also aspires to make available quality products and services to the masses and the underprivileged whenever possible.

At Royce International, we design our products and services with a conscious effort to incorporate one or more of the following schemes:

• Mission-driven Program Development Directive

• Sponsored Public Education Talks

• “La Lumière d'Espoir” Royce Design Award and Fashion Show

• Royce International “Education Inequality Rebalancing” Pricing Policy

• Royce International Bursaries

• Royce International Scholarships

• Donation of Percentage of Sales Revenue to Adopted Charities

• Sponsorship

• Corporate Volunteerism Initiatives
  

“We make a living by what we get, we make a life by what we give.”

Sir Winston Churchill               
 Prime Minister of the UK