Purposes, Priorities and Accountability Under Social Business Structures: Resolving Ambiguities and Enhancing Adoption
Document Type
Book Chapter
Abstract
This article demonstrates that social business models do not meaningfully prioritize or impose accountability to “social good” over other purposes in ways that (a) best protect against owners changing their minds or entry of new owners with different priorities and (b) enable reliable accountability over time and across circumstances. This article further suggests a model that actually prioritizes “social good” and meaningful accountability to it. This article thus clarifies circumstances under which existing models might be most useful and facilitates broader and faster adoption as investors, entrepreneurs, employees, regulators, and others ensure shared, common understandings about purposes, priorities, and accountability.
Publication Date
2017
Book Title
Hybrid Ventures, Advances in Entrepreneurship, Firm Emergence and Growth
ISBN
1074-7540
DOI
10.1108/S1074-754020170000019002
Recommended Citation
Tyler, John E. III; Absher, Evan; Garman, Kathleen; and Luppino, Anthony J., "Purposes, Priorities and Accountability Under Social Business Structures: Resolving Ambiguities and Enhancing Adoption" (2017). Book Chapters. 24.
https://irlaw.umkc.edu/faculty_book_chapters/24