StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

What are the features and issues of a B-Corporation - Essay Example

Cite this document
Summary
The investigator seeks to investigate the features of B-Corporation and showcase the key issues, stakeholders as well as how their Models intervene with respect to Economic and Social development. The B-Corporation is also called the Benefit Corporation. These are Corporations…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER99% of users find it useful
What are the features and issues of a B-Corporation
Read Text Preview

Extract of sample "What are the features and issues of a B-Corporation"

What are the features and issues of a B-Corporation? The investigator seeks to investigate the features of B-Corporation and showcase the key issues, stakeholders as well as how their Models intervene with respect to Economic and Social development. The B-Corporation is also called the Benefit Corporation. These are Corporations that are not only profit oriented but focuses on the environment as well as the community. The corporation’s decision making process is an all-inclusive one and incorporates societal and environmental stakeholders.

The purpose of the B Corporation must an additional duty to ensure the protection of the society and environment. The corporation can chose from the particular public benefit; to promote arts, protecting or revamping environment, science or knowledge advancement, improving human health, enhancing economic opportunity for persons and society besides the ordinary business course of jobs creation. The B corporation must establish an additionally purpose to create a general public benefits. Public benefit can be a material positive effects on society as well as the environment with regard to the third party standard assessment as well as the operations of the B-corporation.

With respect to Warby Parker Corporation, it has ensured public benefit via the donations. In conjunction with VisionSpring, the Corporation sells the glasses and sunglasses. The public benefit is ensured by its program of donation where for every pair of Warby Parker glasses bought, Warby Parker Company pays for the production of a pair of eyeglasses donated to the VisionSpring, an NGO. The VisionSpring thus sell to consumers or firms directly or indirectly. This donation program has ensured that the public interest is served by benefiting the visually impaired persons that buys these glasses at cheaper prices (Korhan 78).

Warby Parker has been successful and has saved on cots of operation based on online business approach and delivery cab done in a day as well making it possible to test your eyeglass online by downloading a photo.The donation has been impactful as by the July 2013, it had distributed over 500,000 to marginalize and the less fortunate groups. This is beneficial as people freely benefit from such arrangements and hence meets the purpose standards set for them. This program has really contributed to the social and economic development.

In terms of social development, donations that are channeled through VisionSpring NGO has ensured the Special needs students and other visually impaired individual can execute their activities without challenges based on the inability to purchase the frames and glasses. On the other hand, it has also led to economic development as people are employed to perform sales and distributions of these products to the special needs groups through VisionSpring either directly to consumers or to other firms.

Besides, Warby Parker also employs many people who does the sales online and hence waiver the cost of production. In so doing revenues is raised at lower costs. The consumers thus benefits from the lower costs charged and hence making their products affordable. This is significance since the demand always rises with decreased prices. The Corporation can thus charge lower prices but still remain relevant and hence ensuring public benefits. Work Cited Korhan, Jeff. Built-in Social: Essential Social Marketing Practices for Every Small Business. , 2013. Internet resource.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“What are the features and issues of a B-Corporation Essay”, n.d.)
Retrieved from https://studentshare.org/business/1663327-what-are-the-features-and-issues-of-a-b-corporation
(What Are the Features and Issues of a B-Corporation Essay)
https://studentshare.org/business/1663327-what-are-the-features-and-issues-of-a-b-corporation.
“What Are the Features and Issues of a B-Corporation Essay”, n.d. https://studentshare.org/business/1663327-what-are-the-features-and-issues-of-a-b-corporation.
  • Cited: 0 times

CHECK THESE SAMPLES OF What are the features and issues of a B-Corporation

The Negotiation of Culture in Multi-National Corporations

First I collected data from different employees regarding various issues related to culture.... A question that I seek to ask is, if this is the problem, then what is the way forward?... Name: Course: Tutor: Date: Research Context (Proposal) Conceptualization of culture depends on the individuals' perceptions about experience and cultural changes....
10 Pages (2500 words) Research Paper

The Concept of the Corporate Social Responsibility

The Corporation: The Pathological Pursuit of Profit.... Name Institution This is a documentary produced in the year 2003 in Canada with the aim of sensitizing and challenging the lawmakers.... A certain professor Bakan inspired the filming because of his wide research in that field.... hellip; The film digs in on the current corporation, putting into consideration the legal status under the class of ‘Person'....
8 Pages (2000 words) Assignment

Business Ethics and Technology Opportunities

This paper will discuss such issues as economic growth problems, business ethics, consumerism, social and cultural critique, real consumer needs, social consequences of new technological opportunities, better distribution of resources, and some others.... Furthermore, these facts and features of our economic and social development can support global economic and natural crisis which will be rather difficult to overcome....
3 Pages (750 words) Essay

Reasons for Investment in Bonds

The capital market instruments have maturities of more than one year.... Financial market instruments having maturities of intermediate term (1-10 years) and long term (more than 10 years) are included in the… Certificates of deposit: Banks also raise short-term funds by issuing certificates of deposit (CDs)....
9 Pages (2250 words) Case Study

The Articles of Incorporation (AoI) as a Necessity for a Corporation

The content of the document outlines those features that distinguish corporations from other forms of organizations.... It further distinguished what is personal and what is corporate in terms of assets and liabilities.... AoIs differ from one country to another and from one region to another but they typically, carry the legally recognized name of the corporation, list the incorporators, outlines structure of the organization of the corporation....
4 Pages (1000 words) Essay

Is Corporate Social Responsibility Just a New Trend or Is It the Modern Business Modus Operandi

Among the most interesting developments in the corporate world is the departure from traditional rigid business practices to accommodate an evolution that introduces a revolution taking interest in human resources within and outside the corporation.... Traditional practices… Principle measures to revolutionize the corporate practice have similarly been introduced with regard to public relations segment (Freitag 2008, The author reckons that the best practices in modern business, variably referred to as “dominant coalition” play an important role in the identification of the appropriate combination of practices such as a strong and informed management....
10 Pages (2500 words) Essay

Business Law/Organizational Forms

Selecting the appropriate form of business organization is as critical as deciding on whether to start a business or not.... This paper presents a brief report on various forms of business organizations describing each of them in relation to the above mentioned factors.... … As the report highlights there are different forms of business organizations such as sole proprietorship, partnership, corporation, limited liability company etc....
7 Pages (1750 words) Essay

Financial Instruments Evaluation

These are essential in helping to solve the issues highlighted above.... These parties also include the financial intermediaries, the companies, and the treasury that issues the telecommunication network in the primary market.... Commercial paper – this refers to a short-term loan that a corporation issues in order that it may finance inventories.... One of the main features of the money market securities is their liquidity, and the fact that they can easily be sold in a secondary market....
4 Pages (1000 words) Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us