Forces for Good How can business learn from mistakes and improve?
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Feb 21, 2023 Kaye Matereke, a Senior Partner at Lighthouse Capital and member of the B Lab Standards Advisory Council, shares insights on the transformative power of continuous improvement for businesses. She emphasizes that becoming a B Corp is an ongoing journey requiring transparency and the courage to acknowledge mistakes. The conversation highlights the role of the B Impact Assessment in helping businesses align with their social values, improve their practices, and foster a growth mindset. Matereke also discusses the unique challenges faced by smaller enterprises and the importance of collective responsibility.
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Continuous Improvement Mindset
- Businesses should constantly work to improve their practices, regardless of B Corp status.
- Focus on learning, accountability, and transparency for positive impact.
Ace & Tate's B Corp Journey
- Ace & Tate used the B Impact Assessment before certification to guide their improvement roadmap.
- They saw the 80-point threshold as a challenge but embraced the learning process.
Ace & Tate's Transparency
- After achieving B Corp status, Ace & Tate published an article detailing past mistakes.
- This demonstrated radical honesty and a commitment to transparency.
