Yunus addresses the practical hurdlesof creating social businesses by succinctlydescribing the steps that mustbe taken if social businesses are tobecome mainstream institutions.Advocates must develop a set oflegal definitions of social business,along with taxation andregulatory rules. Social businessstandards must then be establishedand certified. Yunusbelieves that different types ofindependent accreditation andratings agencies will spring up to meetthe demands of potential investors andconsumers. I would add that government,certifying agencies, and the boardsof social business firms themselves willneed to take great care to prevent socialbusiness managers from using theseenterprises for their own benefit.
Abstract:Based on a qualitative single case study with eight interviews, this study lays the foundation for literature on the motivation for transforming from a quasi-governmental entity to a social business. The context of this case study is a spin off of business schools from the French chambers of commerce and industry. This spin off was encouraged by enabling legislation that allowed assets specific to business schools to be transferred without taxes and fees if they adopted this legal business form. This case study is on the Burgundy School of Business, one of the seven schools that have adopted the regime. The school is also a member of the Principles of Responsible Management in Education. This case study suggests that the motivation for adopting a social business form could be institutional rather than personal. International rankings influence country legislation and business form adoption in a competitive industry. This case also discusses why the school has intentionally decided not to go for a digital transformation of its core business model. This case leads to theoretical propositions that consider the conditions under which public sector enterprises may spin off units as social businesses focused on their beneficiaries, and the control mechanisms that need to be instituted by the parent enterprise.Keywords: institutional studies; qualitative research; social business; organizational change; governance; business education; business strategy; motivation; responsible management educationJEL:G34; I23; L3; P3; P46
Our aim in presenting our cases was to show how cultural SEOs situated within environments that are de facto resource poor justifies an investigation of social entrepreneurial actions organized to counter these constraints and to produce social innovation. Moreover, through our case study analysis, we want to suggest that the strategies of social bricolage enable SEOs to create, extend and strengthen social innovation. This can be traced in the adoption of specific innovative business models creating social and economic value.
In Pope Leo XIII's time such a concept of the Church's right and duty was far from being commonly admitted. Indeed, a two-fold approach prevailed: one directed to this world and this life, to which faith ought to remain extraneous; the other directed towards a purely other-worldly salvation, which neither enlightens nor directs existence on earth. The Pope's approach in publishing Rerum novarum gave the Church \"citizenship status\" as it were, amid the changing realities of public life, and this standing would be more fully confirmed later on. In effect, to teach and to spread her social doctrine pertains to the Church's evangelizing mission and is an essential part of the Christian message, since this doctrine points out the direct consequences of that message in the life of society and situates daily work and struggles for justice in the context of bearing witness to Christ the Saviour. This doctrine is likewise a source of unity and peace in dealing with the conflicts which inevitably arise in social and economic life. Thus it is possible to meet these new situations without degrading the human person's transcendent dignity, either in oneself or in one's adversaries, and to direct those situations towards just solutions.
11. Re-reading the Encyclical in the light of contemporary realities enables us to appreciate the Church's constant concern for and dedication to categories of people who are especially beloved to the Lord Jesus. The content of the text is an excellent testimony to the continuity within the Church of the so-called \"preferential option for the poor\", an option which I defined as a \"special form of primacy in the exercise of Christian charity\".36 Pope Leo's Encyclical on the \"condition of the workers\" is thus an Encyclical on the poor and on the terrible conditions to which the new and often violent process of industrialization had reduced great multitudes of people. Today, in many parts of the world, similar processes of economic, social and political transformation are creating the same evils.
We have seen that it is unacceptable to say that the defeat of so-called \"Real Socialism\" leaves capitalism as the only model of economic organization. It is necessary to break down the barriers and monopolies which leave so many countries on the margins of development, and to provide all individuals and nations with the basic conditions which will enable them to share in development. This goal calls for programmed and responsible efforts on the part of the entire international community. Stronger nations must offer weaker ones opportunities for taking their place in international life, and the latter must learn how to use these opportunities by making the necessary efforts and sacrifices and by ensuring political and economic stability, the certainty of better prospects for the future, the improvement of workers' skills, and the training of competent business leaders who are conscious of their responsibilities.74
This book provides a practical guide to the creation of sustainable enterprise value and implementation of the principles of stakeholder capitalism for corporate boards and management teams. The authors argue that business leadership is on the threshold of a new era driven by major shifts in technology, society, political economy and climate change. They set this transition in international and historical context and outline a comprehensive leadership agenda for fully integrating environmental, social, governance (ESG) and data stewardship risks and opportunities into corporate governance, strategy, reporting and partnerships. This systematic approach is illustrated with good practices by leading companies and includes an explanation of how sustainability reporting is making the leap into formal accounting standards set by the same body that oversees international financial accounting standards and what companies should do to prepare.
The spread of capitalism worldwide has made people wealthier than ever before. But capitalism's future is far from assured. The global financial meltdown of 2008 nearly produced a great depression. Economies in Europe are still teetering. Income inequality, resource depletion, mass migrations from poor to rich countries, religious fundamentalism--these are just a few of the threats to continuing prosperity. How can capitalism be sustained And who should spearhead the effort Critics turn to government. In Capitalism at Risk, Harvard Business School professors Joseph Bower, Herman Leonard, and Lynn Paine argue that while governments must play a role, businesses should take the lead. For enterprising companies--whether large multinationals, established regional players, or small start-ups--the current threats to market capitalism present important opportunities. Capitalism at Risk draws on discussions with business leaders around the world to identify ten potential disruptors of the global market system. Presenting examples of companies already making a difference, the authors explain how business must serve both as innovator and activist--developing corporate strategies that effect change at the community, national, and international levels. Filled with rich insights, Capitalism at Risk presents a compelling and constructive vision for the future of market capitalism.
Everyone agrees that firms should obey the law. But beyond the law -- beyond compliance with regulations -- do firms have additional social responsibilities to commit resources voluntarily to environmental protection How should we think about firms sacrificing profits in the social interest May they do so within the scope of their fiduciary responsibilities to their shareholders Is the practice sustainable, or will the competitive marketplace render such efforts and their impacts transient at best Furthermore, is the practice, however well intended, an efficient use of social and economic resources And do some firms already behave this way Until now, public discussion has generated more heat than light on both the normative and positive questions surrounding corporate social responsibility (CSR) in the environmental realm. In Environmental Protection and the Social Responsibility of Firms, some of the nation's leading scholars in law, economics, and business examine commonly accepted assumptions at the heart of current debates on CSR and provide a foundation for future research and policymaking.
Companies today are under intense pressure to rebuild public trust and to be competitive in a global economy. To do this they must act responsibly, transparently and with integrity, while remaining profitable and innovative. They must engage with activists as well as analysts, cooperate as well as compete, manage social and environmental risks as well as market risks, and leverage their intangible assets as well as their financial and physical assets. The authors present seven business disciplines that incorporate values-based management into corporate strategy and core operations: 1) Harness Innovation for Public Good, 2) Put People at the Center, 3) Spread Economic Opportunity, 4) Engage in New Alliances, 5) Be Performance-driven in Everything, 6) Practice Superior Governance, 7) Pursue Purpose Beyond Profit. More than a book about achieving value with values, Profits with Principles is a roadmap to restoring public trust and investor confidence in the corporate world. 153554b96e