Category: Social Innovation

How to Be A Social Entrepreneur

The age of social awareness is upon us. As more businesses choose to include social objectives in business models, the hope for a sustainable economy becomes increasingly achievable. Developing a social enterprise takes some serious planning. There’s a lot of moving parts and pieces. How do you generate revenue while spending money on the good of…

DON’T LET ‘THE PERFECT’ BE THE ENEMY OF ‘THE POSSIBLE’

“Don’t let the perfect be the enemy of the possible.” Recent words overheard from a television broadcast, that are an adaptation of an idea contributed to the Chinese philosopher, Confucius. Confucius’ theory was “Better a diamond with a flaw than a pebble without.” In today’s business terms, perhaps this is best represented by the concept…

How to Foster A Culture of Innovation in a Large Company

Innovation is a driving force in modern business. While we haven’t reached the space-age era of the Jetsons quite yet, technology is constantly evolving. With each new update or improvement, businesses rush to catch up. We strive to meet consumer expectations and stand out above competitors. By fostering creativity within our own businesses, we stand…

What Are the Major Frameworks for Impact Assessment?

Impact Assessment is a standard test used to evaluate profit companies as socially responsible, sustainable, and environmentally respectful. The test asks a multitude of questions regarding a business’s standards of social and environmental performance and is conducted by a non-profit organization. Answers to the assessment increase or decrease your chance of successfully obtaining a B…

B Impact Assessment: Measure What Matters Most

When a company considers becoming B Corp Certified, they must first undergo something called an Impact Assessment. This survey evaluates the physical, sociological, and financial impact your company has on the world around it. To successfully achieve the status of a B Corp, companies must score 80 points or more out of the 200 points…

Triple Bottom Line (TBL) Definition

The first time the business community heard the term “triple bottom line” was the mid 1990’s when John Elkington, a business writer from London England began touting the importance of sustainable development. Elkington believed deeply in corporate responsibility and the idea that modern businesses should be accountable for what they put into the world, not…