Podcast
Questions and Answers
What is the primary argument against solely blaming individuals for systemic issues?
What is the primary argument against solely blaming individuals for systemic issues?
According to Kate Raworth, what is the highest aim a company can have to maximize social impact?
According to Kate Raworth, what is the highest aim a company can have to maximize social impact?
Which of the following is NOT a key building block of social enterprise as highlighted in the text?
Which of the following is NOT a key building block of social enterprise as highlighted in the text?
The term 'systemic solutions' suggests a need for what type of change?
The term 'systemic solutions' suggests a need for what type of change?
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What does the phrase 'regeneration not extraction' emphasize in the context of social enterprise?
What does the phrase 'regeneration not extraction' emphasize in the context of social enterprise?
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How does a 'Triple Bottom Line' approach impact a social enterprise?
How does a 'Triple Bottom Line' approach impact a social enterprise?
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What does the mention of 'Low-profit / non-profit entity forms' suggest about the financial structure of social enterprises?
What does the mention of 'Low-profit / non-profit entity forms' suggest about the financial structure of social enterprises?
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What is a key characteristic of low-profit entity forms?
What is a key characteristic of low-profit entity forms?
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Which movement is most closely associated with the legal codification of a company's social mission?
Which movement is most closely associated with the legal codification of a company's social mission?
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What is the primary function of the 'golden share' in the steward ownership model?
What is the primary function of the 'golden share' in the steward ownership model?
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Which of the following is NOT an example of a low-profit entity form?
Which of the following is NOT an example of a low-profit entity form?
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Which of the following is a characteristic of steward ownership?
Which of the following is a characteristic of steward ownership?
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What is a main difference between a traditional company and a platform cooperative?
What is a main difference between a traditional company and a platform cooperative?
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Which of the following is an example of a company that is 100% foundation-owned?
Which of the following is an example of a company that is 100% foundation-owned?
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What is a key feature of the cooperative ownership model?
What is a key feature of the cooperative ownership model?
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Which of these companies is specifically mentioned as a steward-owned company?
Which of these companies is specifically mentioned as a steward-owned company?
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What key component does ecological sustainability aim to address?
What key component does ecological sustainability aim to address?
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Which concept emphasizes the need for diverse and inclusive business decision-making?
Which concept emphasizes the need for diverse and inclusive business decision-making?
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What approach is associated with minimizing waste through a cradle-to-cradle philosophy?
What approach is associated with minimizing waste through a cradle-to-cradle philosophy?
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What is highlighted as a practice under ecological regeneration?
What is highlighted as a practice under ecological regeneration?
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Which aspect emphasizes the importance of supporting local ecosystems?
Which aspect emphasizes the importance of supporting local ecosystems?
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What type of organizational structure is characterized by decentralization?
What type of organizational structure is characterized by decentralization?
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What is a key activity associated with transparent business practices?
What is a key activity associated with transparent business practices?
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Which concept demonstrates the practice of utilizing resources in a sustainable cycle?
Which concept demonstrates the practice of utilizing resources in a sustainable cycle?
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Which term describes business models focused on charitable activities?
Which term describes business models focused on charitable activities?
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Flashcards
Ecological Sustainability
Ecological Sustainability
The ability to maintain ecological balance while using resources.
Circularity
Circularity
An economy aimed at eliminating waste and promoting continuous use of resources.
Cradle-to-Cradle Approach
Cradle-to-Cradle Approach
Designing products with their entire lifecycle in mind, ensuring everything is reusable or recyclable.
Diversity, Equity, and Inclusion (DEI)
Diversity, Equity, and Inclusion (DEI)
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Participatory Decision Making
Participatory Decision Making
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Local Business
Local Business
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Decentralized Organization
Decentralized Organization
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Ecological Regeneration
Ecological Regeneration
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Community-Based Initiatives
Community-Based Initiatives
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Social Enterprise
Social Enterprise
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Systemic Solutions
Systemic Solutions
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Regeneration vs. Extraction
Regeneration vs. Extraction
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Social Mission
Social Mission
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Triple Bottom Line
Triple Bottom Line
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Stakeholder Governance
Stakeholder Governance
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Circular Economy
Circular Economy
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B Corp Movement
B Corp Movement
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Low-Profit Entity Forms
Low-Profit Entity Forms
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Asset Locks
Asset Locks
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Non-Profit Entity Forms
Non-Profit Entity Forms
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Steward Ownership
Steward Ownership
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Golden Share
Golden Share
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Cooperatives
Cooperatives
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Platform Cooperatives
Platform Cooperatives
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Foundation-Owned Companies
Foundation-Owned Companies
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Study Notes
Social Enterprise
- Systemic problems necessitate systemic solutions, blaming individuals is counterproductive
- Consumer choice implies viable, cost-effective alternatives; collective action is key
- Example: vegetarian "meat"
- "System change not climate change" - Extinction Rebellion
- Social enterprise encompasses diverse regenerative concepts and communities
- Key building blocks include a social mission, low-profit/non-profit forms, self-ownership, stakeholder governance, cooperatives, sustainable/regenerative/circular practices, transparency/participation/inclusivity, local/decentralized models, and charitable/cross-subsidizing methods.
- Commitment to social mission & Triple Bottom Line, legally binding statutes for social mission, overcoming shareholder primacy in favor of a wider social impact.
- The "B Corp" movement pioneered this approach
- Official legal entity forms limit financial extraction (e.g., B-corp., L3C, community interest companies, GMBH, BVM)
- Foundations acting as companies are common (e.g., universities, hospitals, Wikipedia-owned companies). Hybrid models exist within social enterprise.
- Steward ownership, Led by Armin Steuernagel and the Purpose Foundation, emphasizes self-ownership with profit rights separated from voting rights. Golden shares (poison pills) block company sales.
- Cooperatives are stakeholder governance models, worker-owned, and value creation is decentralized. Platform cooperatives offer an alternative.
- Sustainability includes ecological sustainability (climate change, biodiversity loss, resource usage, recycling/regeneration) along with ecological regeneration, rebuilding human relationships with the commons, and circularity (cradle-to-cradle).
- Inclusive enterprise values transparency & sharing financial data & strategic information. Participatory decision-making is crucial. DEI (diversity, equity, and inclusion) is essential.
- Local focus stimulates local ecosystems. Decentralized, horizontal organizations (e.g. Buurtzorg), separate from blockchains, crypto, DeFi, and DAOs, are examples.
- Companies may donate a percentage of profits to charity. "No-dividend companies" reinvest profits for social benefit, others donate non-reinvested profits (Type 2). Cross-subsidization is common.
- Social enterprise, despite good intent, can sometimes still be extractive (greenwashing), with mission statements potentially masking harmful business models. Mission drift toward hypergrowth can be an issue, impacting the original social objectives. (Elon Musk example).
- "Profit" has a double meaning: for reinvestment and financial extraction. Confusion arises from the profit-oriented nature of a business and a social mission. This conflicts with the Triple Bottom Line.
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Description
Test your knowledge on social enterprise concepts and practices. This quiz covers the systemic nature of social problems, the role of consumer choices, and the principles governing sustainable business models. From B Corps to cooperatives, explore how social missions can drive impactful change.