Social Enterprise PDF

Social Enterprise Feb 1, 2023  Social Enterprise Systemic problems require systemic solutions "Cow" by wwarby is licensed under CC BY 2.0. Blaming individuals/consumers is counterproductive Consumer c...

Social Enterprise Feb 1, 2023  Social Enterprise Systemic problems require systemic solutions "Cow" by wwarby is licensed under CC BY 2.0. Blaming individuals/consumers is counterproductive Consumer choice implies the availability of viable and cost-effective alternatives, and only collective action can realize this Example: vegetarian “meat” Jan 16, 2023 “System change not climate change” - Extinction Rebellion Feb 1, 2023  Regeneration vs. Extraction Kate Raworth: 3 way companies can "Regeneration" by russellstreet is licensed under think about social impact: “doing less bad”, “doing no harm”, and “doing CC BY-SA 2.0. good (Re-)generation not extraction Social enterprise consists of a wide variety of regenerative concepts and communities Michel Bauwens’ P2P Foundation wiki Jan 16, 2023  Building Blocks We will highlight some building blocks of social enterprise: "building blocks" by nerissa's ring is licensed Social mission Low-profit / non-profit entity forms under CC BY 2.0. Self-ownership / Steward ownership Stakeholder governance / cooperatives Sustainable / regenerative / circular Transparent / participatory / inclusive Local / decentralized Charitable / cross-subsidizing Jan 16, 2023  Social Mission Commitment to social "Triple Bottom Line's chinese translation" by Z7504 is mission and Triple Bottom Line licensed under CC BY-SA 4.0. Writing this into statutes to make it legally binding Attempt to overcome shareholder primacy ‘B Corp’ movement pioneered this Jan 16, 2023  Low-Profit Entity Forms Official legal entity forms "locked steel" by Darwin Bell is licensed under Feature asset locks, which limit financial extraction from companies Examples: CC BY 2.0. B corporation, L3C, public- benefit corporation (USA) Community Interest Companies (UK) gGMBH (Germany) BVM (Netherlands) Jan 16, 2023  Non-Profit Entity Forms Foundations as companies Examples: universities, hospitals, "DSC00628, Copenhagen, Denmark" by jimg944 Wikipedia is licensed under CC BY 2.0. Foundation-owned companies Hybrid forms are common in social enterprise Examples: Zeiss, Bertelsmann, Heineken, Ikea, Bosch, Rolex, Tata Group, Carlsberg, Patagonia 100% foundation-owned companies are popular in Denmark Jan 16, 2023  Steward Ownership Led by Armin Steuernagel (2017) and Purpose Foundation "Pills" by List_84 is licensed under CC BY 2.0. “Self-ownership”, profit rights separated from voting rights Golden share: “poison pill” (single voting share) that blocks sale of companies Hundreds of companies including: Ecosia, Einhorn, Buffer, Ableton Jan 16, 2023  Cooperatives Co-ops are a form of stakeholder governance "Oneota co-op rocks." by Jason Riedy is licensed Usually worker owned or employee owned under CC BY 2.0. Stakeholders collectively own the tools of value creation “Platform cooperatives” provide an alternative to “platform monopolies” Example: Drivers Cooperative (NYC) vs. Uber “Exit to Community” - Zebras Unite Jan 16, 2023  Sustainability Ecological sustainability "Sustainability" by mripp is licensed under CC BY 2.0. Climate change and biodiversity loss Resource usage (reduce, reuse, recycle) Regeneration Ecological regeneration Rebuilding non-monetized human relationships and the Commons Circularity Cradle-to-cradle approach Jan 16, 2023  Inclusive Conference" by OregonDOT is licensed under CC BY Transparent "Sustainability" by mripp is a"2011 Diversity Sharing financial data, KPIs, and strategic information internally 2.0. under CC BY 2.0. Participatory Expanded circle of people making business decisions Inclusive Diversity, equity, and inclusion (DEI) Jan 16, 2023  Local Local Business focused on stimulating local geograph.org.uk - 1566393.jpg" by Betty Longbottom is "File:Age Concern Community Shop - High Street - ecosystems Example: community shops and pubs, licensed under CC BY-SA 2.0. community banks Decentralized Horizontal organization (Buurtzorg) Note: separate issue from blockchains, cryptocurrency, decentralized finance (DeFi), and Distributed Autonomous Organizations (DAOs) Jan 16, 2023  Charitable 2014-04-06 9829.JPG" by Biswarup Ganguly is licensed under CC BY 3.0. Companies may give a percentage of "File:Orphans - Debmalya Seva Mission - Orphanage - Howrah their profits to charity Yunus Social Business “No-dividend companies for solving human problems” Type 1 = all profits reinvested into the company with a social mission Type 2 = all non-reinvested profits donated to charity Cross-subsidization models Ex: Arvind Eye Care Center, Aga Khan University Hospital Jan 16, 2023 What’s Wrong With Social Enterprise? Social enterprise is (usually) still extractive "greenwash at the gas station" by margonaut is Greenwashing Social mission statements cover up licensed under CC BY 2.0. harmful business models Mission drift Impact watered down over time in favor of growth, often due to pressure from (impact) investors Hypergrowth doesn’t lead to more impact Case study: Elon Musk Jan 16, 2023  Profit’s Double Meaning There’s 2 meanings embedded in "PROFIT is our MOTIVE" by pheezy is licensed the word ‘profit’: 1. Reinvestable margin under CC BY 2.0. 2. Financial extraction This creates confusion: “OF COURSE my business needs to be profitable to survive!” “Not-for-profit” is equally confusing This illustrates the problem with the Triple Bottom Lines Jan 16, 2023