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Recently I've learned that in some US states there is something called a Social Purpose Corporation, which actually lets you profit and stick to your mission. I
by seba_dos1 8y ago
Recently I've learned that in some US states there is something called a Social Purpose Corporation, which actually lets you profit and stick to your mission. In a regular company, it's more than likely that putting your "mission" above maximizing your profits will put you in legal trouble.
- vfinn 8y agoYes, the same exists in Finland (social entrepreneurship), but since we can all agree on that there are huge differences between companies, how they operate, and how moral they are, we can agree on that there's a lot of playground for the execution of a good mission statement. There's on the one hand maximization by moving your production to a third world country and by paying the absolute minimum to your employees (which no legal entity expects you to do AFAIK), but then there's also maximization by being decent and by doing everything properly (to which no legal entity also has nothing to sneeze at). So the maximization doesn't have to be the kind of grab your company by the throat kind of maximization.