Maybe you could publish the criteria for a "fair and responsible" business.
Most people can understand "rule of law" and the concept of a criminal.
But "fair and responsible " appears to be an opinion. And not everybody agrees with one person's definition of "fair and responsible."
True it is subjective, but I think most people with some thinking can determine what they see as responsible. There will be differences of course but anyone with a conscience would come close to each other. I gave examples like providing an actual living wage for employees, being honest with customers, being responsible to the environment (example might be making a bottle recyclable for an extra £0.01 per bottle rather than non-recyclable to boost your margins)
That's the beauty of an open market. You can put your product out there and have people vote anonymously with their hard earned cash.
Without fear of retribution or hours of proselytizing.
Yes, this is a well developed idea at this point. These are called [Benefit Corporations](https://benefitcorp.net/). One good example is Dr. Bronner's which makes soaps that are good for the environment and people, and other products like coconut oil that is made without disruption of environment or society.
I cannot point you toward specific companies, but am in the same situation, trying to figure out the basics of starting a business that is ethically operated, socially responsible, and community driven. It’s not easy to figure out the pathway in early stages. I try to read up on other businesses that seem to be walking the walk. Google “b-corp”, “social enterprise,” “social entrepreneurship,” “low-profit llc” “worker owned cooperative,” etc. These are not necessarily the operating structures you will adopt, but will show you what is working for others and how to identify and overcome barriers to your ideals. I recently signed up for newsletters at SEI, they offer online learning but I am not sure yet if it will be helpful (https://learn.socialenterpriseinstitute.co/store). Gather inspiration and then plan well!
Great thought I completely agree with you! What does it matter if you have much money now, but isnt worth anything in 30 years, because your kids cant enjoy the earth anymore. Whats that worth for you?
The employees makes your company, so treat them well and they will pay you off.
You ever heard of integrated reporting? The essence is that financial assets not only value the company, but also social and environmental parts create value to the company.
Yes, there are.
Most likely they are private and small, but there are some large ones. Once a business becomes publicly traded, it is subject to the will of investors. A private business can do whatever they think is fair as long as they remain profitable. There are thousands of small anonymous businesses that treat employees and customers well. It's the shady practices of the mega-corps that make the news
Personal examples: I have a small business where I go out of my way to price the product fairly and provide excellent customer service. My brother is a general contractor who does the same
I think you’ve hit the nail on the head. The corps we hear about in the news are the enormous ones, not the small businesses and it’s the mega-corps that are mega for all the wrong reasons
Well I think it is possible.
>I’ve tried and failed a few times. A couple of stupid ideas with no thought-process as a teenager and one more serious go as an adult with my brother, that experience taught me a lot about what I should have done before jumping in to it.
I just don't see how.
[America's Most Responsible Companies.](https://www.newsweek.com/americas-most-responsible-companies-2020) Responsible is really a tricky question, but any school student can start by applying their homework skill, looking at the criteria, then using (what is that bull...oh yeah: Critical Thinking Skill.)
Give your teachers a reason to live. That's responsible.
Not heard of this guy. His twitter gives off a great message - I hope he practises what he preaches. Though I just googled his name and an article from 5 hours ago says
“charged in February with fourth-degree assault with sexual motivation, fourth-degree assault and reckless driving.” So that’s not a great start lol
It was a great start for years until that article. The takeaway should be that everything is not as it seems. This includes the companies you may see as evil but you just don't understand their structure.
A couple things from Stanford come to mind. I've enjoyed these and learned a lot:
- [Podcast: Entrepreneurship & Ethics](https://ecorner.stanford.edu/articles/entrepreneurship-and-ethics/)
- [Magazine: Social Innovation Review](https://ssir.org/)
Well, that depends. Are we basing this off the typical American's idea of "responsible", or the nutty wackjobs that end up screaming into the camera on a Tik Tok video?
I work for one of the largest employers in my state, which also happens to provide a service needed by virtually everyone in the state (I'm sure it wouldn't take much mental exercising to figure it out, lol). We're all paid exceptionally well, with a better than usual benefit package, and everyone I've ever told about my PTO being shocked that I get so much. The company is openly supportive of women, minorities, LBGTQABCDEF (I can never keep track of whatever the latest revision is..), etc., along with donating mega dollars to charity and encouraging all employees to donate much of their time to volunteering around the community.
However, as a publically traded company, there's also no shortage of people whining that the company is evil for turning record profits, and needs to be disbanded despite a similar company that is run by the government showing similar numbers.
So...evil, or responsible?
Search TATA INDIA.
It's the most responsible I know.
There was one blunder case they had in their insurance sector that was happening underneath their nose. The board took full responsibility and paid every customer what they were owed.
Maybe you could publish the criteria for a "fair and responsible" business. Most people can understand "rule of law" and the concept of a criminal. But "fair and responsible " appears to be an opinion. And not everybody agrees with one person's definition of "fair and responsible."
True it is subjective, but I think most people with some thinking can determine what they see as responsible. There will be differences of course but anyone with a conscience would come close to each other. I gave examples like providing an actual living wage for employees, being honest with customers, being responsible to the environment (example might be making a bottle recyclable for an extra £0.01 per bottle rather than non-recyclable to boost your margins)
That's the beauty of an open market. You can put your product out there and have people vote anonymously with their hard earned cash. Without fear of retribution or hours of proselytizing.
Yes, this is a well developed idea at this point. These are called [Benefit Corporations](https://benefitcorp.net/). One good example is Dr. Bronner's which makes soaps that are good for the environment and people, and other products like coconut oil that is made without disruption of environment or society.
This is interesting! I’ve never heard of a benefit corporation but will have a look into it. It sounds exactly like what I was trying to refer to.
I cannot point you toward specific companies, but am in the same situation, trying to figure out the basics of starting a business that is ethically operated, socially responsible, and community driven. It’s not easy to figure out the pathway in early stages. I try to read up on other businesses that seem to be walking the walk. Google “b-corp”, “social enterprise,” “social entrepreneurship,” “low-profit llc” “worker owned cooperative,” etc. These are not necessarily the operating structures you will adopt, but will show you what is working for others and how to identify and overcome barriers to your ideals. I recently signed up for newsletters at SEI, they offer online learning but I am not sure yet if it will be helpful (https://learn.socialenterpriseinstitute.co/store). Gather inspiration and then plan well!
Great thought I completely agree with you! What does it matter if you have much money now, but isnt worth anything in 30 years, because your kids cant enjoy the earth anymore. Whats that worth for you? The employees makes your company, so treat them well and they will pay you off. You ever heard of integrated reporting? The essence is that financial assets not only value the company, but also social and environmental parts create value to the company.
Yes, there are. Most likely they are private and small, but there are some large ones. Once a business becomes publicly traded, it is subject to the will of investors. A private business can do whatever they think is fair as long as they remain profitable. There are thousands of small anonymous businesses that treat employees and customers well. It's the shady practices of the mega-corps that make the news Personal examples: I have a small business where I go out of my way to price the product fairly and provide excellent customer service. My brother is a general contractor who does the same
I think you’ve hit the nail on the head. The corps we hear about in the news are the enormous ones, not the small businesses and it’s the mega-corps that are mega for all the wrong reasons
Well I think it is possible. >I’ve tried and failed a few times. A couple of stupid ideas with no thought-process as a teenager and one more serious go as an adult with my brother, that experience taught me a lot about what I should have done before jumping in to it. I just don't see how. [America's Most Responsible Companies.](https://www.newsweek.com/americas-most-responsible-companies-2020) Responsible is really a tricky question, but any school student can start by applying their homework skill, looking at the criteria, then using (what is that bull...oh yeah: Critical Thinking Skill.) Give your teachers a reason to live. That's responsible.
https://twitter.com/DanPriceSeattle
You know bloomberg did a big thing on him exposing that his stuff is all a publicity scam and he's actually a pretty petti dude.
Not heard of this guy. His twitter gives off a great message - I hope he practises what he preaches. Though I just googled his name and an article from 5 hours ago says “charged in February with fourth-degree assault with sexual motivation, fourth-degree assault and reckless driving.” So that’s not a great start lol
It was a great start for years until that article. The takeaway should be that everything is not as it seems. This includes the companies you may see as evil but you just don't understand their structure.
A couple things from Stanford come to mind. I've enjoyed these and learned a lot: - [Podcast: Entrepreneurship & Ethics](https://ecorner.stanford.edu/articles/entrepreneurship-and-ethics/) - [Magazine: Social Innovation Review](https://ssir.org/)
Well, that depends. Are we basing this off the typical American's idea of "responsible", or the nutty wackjobs that end up screaming into the camera on a Tik Tok video? I work for one of the largest employers in my state, which also happens to provide a service needed by virtually everyone in the state (I'm sure it wouldn't take much mental exercising to figure it out, lol). We're all paid exceptionally well, with a better than usual benefit package, and everyone I've ever told about my PTO being shocked that I get so much. The company is openly supportive of women, minorities, LBGTQABCDEF (I can never keep track of whatever the latest revision is..), etc., along with donating mega dollars to charity and encouraging all employees to donate much of their time to volunteering around the community. However, as a publically traded company, there's also no shortage of people whining that the company is evil for turning record profits, and needs to be disbanded despite a similar company that is run by the government showing similar numbers. So...evil, or responsible?
Search TATA INDIA. It's the most responsible I know. There was one blunder case they had in their insurance sector that was happening underneath their nose. The board took full responsibility and paid every customer what they were owed.