New proposed Legislation in New York
Another salvo for Asian movements to wake up and administer greater MEANINGFUL change for social entrepreneurs... tax break, classification rules, more relevant business structures to aid, not hinder, growth for good business.
What constitutes a social enterprise? Many structures and enterprises in the world classify themselves as Social Enterprises but when queried on the metrics which they use to properly administer their social enterprises - bottom line, profit margins, breakeven point and mechanisms, per unit cost... it normally draws blanks.
It's to be expected that Social Enterprise will eventually go the way of CSR... totally basterdisation of a very good concept for cheap PR spin.
When will we insist on measurable results and quantifiable change?
Accountability is not an option... we should all voluntarily adopt best practices because... well... it's the best practice possible. Social enterprises should be leading the way for better business practices, not following in its footsteps of opt-in clauses when it comes to being accountable and transparent, whilst in the meantime saying to all and sundry, "Thanks, we appreciate the cash. Will get back to ya about that accountability thang, ya!"
Link here with commentary at Columbia Business School: http://columbiasocialenterprise.wordpress.com/2011/07/06/benefit-corporations/
No comments:
Post a Comment