There are two related terms for coporations that are seeking to do good in addition to doing well. Both terms often apply to such corporations but this isn’t always the case. As such, it is useful to distinguish between them. So lets look at Benefit Corporation Versus B Corp. B Corp A B Corp is…
Search Results for: sustainable business
Must Firms Maximize Shareholder Value?
What is the purpose of a firm? Given we have so many firms and business schools are such a sizable chunk of many universities, you might think that we all agree what firms are for. You would be wrong. There is a surprising amount of disagreement as to the purpose of firms. What are they…
Triple Bottom Line
John Elkington gave us the idea of the Triple Bottom Line (TBL) in 1994. In 2018 he proposed that the idea be recalled for a retooling. Things hadn’t worked out as he hoped. The Triple Bottom Line The idea behind the Triple Bottom Line is simple. Rather than fixating on financial performance alone, the bottom…
Competitive Advantage And Social Purpose
How should firms approach competing using their commitment to social and environmental purpose? This was the challenge tackled by Omar Rodríguez-Vilá and Sundar Bharadwaj in their 2017 article published in the Harvard Business Review. (Sundar is a colleague of mine at the University of Georgia). The approach they outline seeks to show a clear way…
GMOs Forget The Science
Scientists including biologists, medical doctors, and geneticists have many wonderful qualities. Yet, if the public policy response to Covid-19 taught us anything it was that some people who are great in their scientific fields have communication problems. This isn’t just a shame. It often undermines everything that they are trying to do. I see a…
Branding For A Purpose
David Aaker’s The Future Of Purpose-Driven Branding is written by a true legend in the field of branding. What is more, his message is a good one. Branding for a purpose is on the up. It has a great future. The Two Jobs Of Purpose-Driven Branding Purpose-driven branding has a great future because branding expertise…
Sustainability And Grand Historical Sweeps
One way of arguing for the value of sustainability is to suggest that we (humans, westerners, whatever) have declined from a past that was more in touch with nature. Jason Hickel does this by combining ideas about sustainability and grand historical sweeps. History Is Very Much In The Past This isn’t the approach I would…
Planning For Sustainability
Bill Gates has a really useful book about what we might call planning for sustainability. It is a practical approach on what we can hope to achieve. The book has a lot of critical information conveyed in a relatively easy-to-understand form. I’d certainly recommend it. Before we start it is worth noting that some people…
CEOs And Sustainability
Alan Murray (CEO of Fortune Media) has a book on how business is engaging more with social issues. There are a lot of good points in there that help to illustrate business in 2022. So what can he tell us about CEOs and Sustainability? First, The Bad Points Broadly speaking I am on board with…
Ideology, Persuasion, And Going Green
A major challenge is persuading members of the public with very different worldviews to take actions aimed at the common good, such as recycling. An appeal that works for a conservative might not work on a liberal, and vice versa. What then do we know about ideology, persuasion, and going green? People Differ In What…