slides p4
25 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the primary argument against solely blaming individuals for systemic issues?

  • Viable, cost-effective alternatives must be realized through collective action. (correct)
  • Individuals lack the capacity to make informed choices.
  • Individuals are not responsible for their consumption habits.
  • Consumers are inherently apathetic to environmental concerns.
  • According to Kate Raworth, what is the highest aim a company can have to maximize social impact?

  • Doing good and having a regenerative impact. (correct)
  • Achieving a net neutral environmental impact.
  • Avoiding all negative environmental impacts.
  • Minimizing any negative social impact.
  • Which of the following is NOT a key building block of social enterprise as highlighted in the text?

  • Adopting stakeholder governance models.
  • Aiming for maximum profit. (correct)
  • Prioritizing a social mission.
  • Operating transparently and inclusively.
  • The term 'systemic solutions' suggests a need for what type of change?

    <p>Broad, large-scale shifts in how systems operate. (C)</p> Signup and view all the answers

    What does the phrase 'regeneration not extraction' emphasize in the context of social enterprise?

    <p>A focus on restoring and renewing systems rather than depleting them. (A)</p> Signup and view all the answers

    How does a 'Triple Bottom Line' approach impact a social enterprise?

    <p>It requires equal consideration on social, environmental, and economic factors. (D)</p> Signup and view all the answers

    What does the mention of 'Low-profit / non-profit entity forms' suggest about the financial structure of social enterprises?

    <p>They often prioritize social mission over shareholder profit. (B)</p> Signup and view all the answers

    What is a key characteristic of low-profit entity forms?

    <p>They feature asset locks, limiting financial extraction. (B)</p> Signup and view all the answers

    Which movement is most closely associated with the legal codification of a company's social mission?

    <p>The 'B Corp' Movement (C)</p> Signup and view all the answers

    What is the primary function of the 'golden share' in the steward ownership model?

    <p>To block the sale of the company using its voting right. (B)</p> Signup and view all the answers

    Which of the following is NOT an example of a low-profit entity form?

    <p>Limited Liability Company (LLC) (B)</p> Signup and view all the answers

    Which of the following is a characteristic of steward ownership?

    <p>It separates profit rights from voting rights. (C)</p> Signup and view all the answers

    What is a main difference between a traditional company and a platform cooperative?

    <p>Platform cooperatives are owned and controlled by stakeholders, not by external owners. (B)</p> Signup and view all the answers

    Which of the following is an example of a company that is 100% foundation-owned?

    <p>Patagonia (A)</p> Signup and view all the answers

    What is a key feature of the cooperative ownership model?

    <p>Workers or employees collectively own the ‘tools of value creation’ (C)</p> Signup and view all the answers

    Which of these companies is specifically mentioned as a steward-owned company?

    <p>Ecosia (B)</p> Signup and view all the answers

    What key component does ecological sustainability aim to address?

    <p>Biodiversity loss (A)</p> Signup and view all the answers

    Which concept emphasizes the need for diverse and inclusive business decision-making?

    <p>Diversity, equity, and inclusion (DEI) (B)</p> Signup and view all the answers

    What approach is associated with minimizing waste through a cradle-to-cradle philosophy?

    <p>Circularity (A)</p> Signup and view all the answers

    What is highlighted as a practice under ecological regeneration?

    <p>Rebuilding non-monetized human relationships (D)</p> Signup and view all the answers

    Which aspect emphasizes the importance of supporting local ecosystems?

    <p>Local business initiatives (A)</p> Signup and view all the answers

    What type of organizational structure is characterized by decentralization?

    <p>Horizontal organization (D)</p> Signup and view all the answers

    What is a key activity associated with transparent business practices?

    <p>Sharing financial data (C)</p> Signup and view all the answers

    Which concept demonstrates the practice of utilizing resources in a sustainable cycle?

    <p>Circularity (C)</p> Signup and view all the answers

    Which term describes business models focused on charitable activities?

    <p>All of the above (D)</p> Signup and view all the answers

    Flashcards

    Ecological Sustainability

    The ability to maintain ecological balance while using resources.

    Circularity

    An economy aimed at eliminating waste and promoting continuous use of resources.

    Cradle-to-Cradle Approach

    Designing products with their entire lifecycle in mind, ensuring everything is reusable or recyclable.

    Diversity, Equity, and Inclusion (DEI)

    Efforts aimed at ensuring diverse representation and equitable treatment in workplaces.

    Signup and view all the flashcards

    Participatory Decision Making

    Involving a broader group of people in business decisions for inclusiveness.

    Signup and view all the flashcards

    Local Business

    Business models focused on supporting and stimulating local communities and ecosystems.

    Signup and view all the flashcards

    Decentralized Organization

    A structure of management where decision-making is spread out rather than concentrated at the top.

    Signup and view all the flashcards

    Ecological Regeneration

    The process of restoring and rebuilding ecological systems and human relationships.

    Signup and view all the flashcards

    Community-Based Initiatives

    Programs and projects focusing on the needs and strengths of local communities.

    Signup and view all the flashcards

    Social Enterprise

    Organizations that prioritize social impact alongside profitability.

    Signup and view all the flashcards

    Systemic Solutions

    Approaches to address root causes of problems rather than symptoms.

    Signup and view all the flashcards

    Regeneration vs. Extraction

    The contrast between practices that replenish resources vs. those that deplete them.

    Signup and view all the flashcards

    Social Mission

    A commitment to achieve positive social change as part of a business's purpose.

    Signup and view all the flashcards

    Triple Bottom Line

    Framework considering social, environmental, and economic value.

    Signup and view all the flashcards

    Stakeholder Governance

    A decision-making process that includes all parties affected by the enterprise.

    Signup and view all the flashcards

    Circular Economy

    An economic system aimed at eliminating waste through continual use of resources.

    Signup and view all the flashcards

    B Corp Movement

    A movement aimed at making businesses legally accountable for their impact on society and the environment.

    Signup and view all the flashcards

    Low-Profit Entity Forms

    Legal entities designed to limit profit extraction and uphold social missions.

    Signup and view all the flashcards

    Asset Locks

    Features that prevent the extraction of financial profits from companies.

    Signup and view all the flashcards

    Non-Profit Entity Forms

    Organizations like foundations that operate not for profit but for social good.

    Signup and view all the flashcards

    Steward Ownership

    A model where profit rights are separate from voting rights to secure long-term mission.

    Signup and view all the flashcards

    Golden Share

    A special type of share that gives its holder the power to block significant decisions.

    Signup and view all the flashcards

    Cooperatives

    Businesses owned and managed by their workers or members for mutual benefit.

    Signup and view all the flashcards

    Platform Cooperatives

    A cooperative business model that provides alternatives to monopolistic platforms.

    Signup and view all the flashcards

    Foundation-Owned Companies

    Companies that are fully owned by a foundation, often prioritizing social missions over profits.

    Signup and view all the flashcards

    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.

    Studying That Suits You

    Use AI to generate personalized quizzes and flashcards to suit your learning preferences.

    Quiz Team

    Related Documents

    Social Enterprise PDF

    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.

    More Like This

    Framework in Social Enterprise
    18 questions
    Social Enterprise Lesson 11
    6 questions

    Social Enterprise Lesson 11

    GreatestSplendor4391 avatar
    GreatestSplendor4391
    Use Quizgecko on...
    Browser
    Browser