Beyond the B: Latest on the B Corp Movement

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

6 snips
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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INSIGHT

Rethink Intellectual Property

  • Intellectual property often creates perverse incentives that prioritize profit over widely beneficial innovation.
  • Open-sourcing inventions can multiply human benefit and enable regional adaptation of solutions.
ANECDOTE

PFAS Packaging Example

  • Kevin describes two companies who open-sourced a PFAS-free packaging process rather than monetizing it exclusively.
  • They prioritized public health impact over extracting profit from the invention.
INSIGHT

Leverage Anchor Institutions

  • Anchor institutions can redirect procurement to build local wealth instead of sending dollars to distant multinationals.
  • Regional replication of community-owned models scales local economic resilience and keeps value in place.
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