Beyond the B: Latest on the B Corp Movement

Beyond B Corps + 10 Principles of Next Economy Enterprises (Part 2, w/Kevin Bayuk)

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Jan 7, 2025
Kevin Bayuk, owner and partner at LIFT Economy, returns to discuss the transformative 10 Principles of Next Economy enterprises. He critiques traditional intellectual property models, advocating for open-source practices that promote community wealth. Bayuk emphasizes the importance of transparency for trust and inclusive governance, along with regenerative operations that prioritize ecosystem restoration. He also explores strategies for supporting movement building and personal growth within organizations, urging businesses to start with a purpose-driven vision.
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ADVICE

Federate Purchasing Power

  • Federate with like-minded businesses to share purchasing power and reduce costs.
  • Use cooperatives or federations to scale without concentrating ownership in a few hands.
INSIGHT

Transparency Builds Trust

  • Transparency is courageous because disclosure can threaten market advantage but builds long-term trust.
  • Internal open-book practices empower employees to solve problems they encounter every day.
ADVICE

Practice Open-Book Management

  • Share operational and financial information with teams through open-book management.
  • Train employees on context so those closest to problems can make informed decisions.
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