What does it take for businesses to truly go “beyond the B”? In part two (click here for part one) of this exploration of the 10 principles of Next Economy enterprises, Kevin Bayuk of LIFT Economy returns to share transformative practices that challenge conventional notions of business success. Together with Ryan Honeyman, Kevin unpacks principles six through ten, offering practical insights and their broader implications.
The Next Economy Principles discussed on this episode include:
Today’s conversation dives into the power of open-source innovation and regional replication, transparency as a driver of trust and equity, and the necessity of regenerative operations that repair and restore the environment. Kevin also emphasizes the importance of supporting movement building to dismantle domination culture and discusses how workplaces can evolve into spaces for personal growth, fostering resilience and empowering communities.
From rethinking intellectual property to embedding educational opportunities into operations, Kevin challenges listeners to envision businesses that create a regenerative, equitable, and livable future. Whether you’re a dedicated B Corp advocate or simply curious about the Next Economy, this conversation will inspire you to reimagine the role of business in driving systemic change.
Key Points From This Episode:
Quotations:
“How do we structure something so that there [are] just rewards for doing diligent work? – The Creative Commons folks and other licensure structures enable outcomes where you can contribute to humanity through intellectual contribution, but still have reciprocity.” — @kevinbayuk [0:11:32]
“What's the purpose of business? Is it to make wealth for some, or is it to solve problems for the benefit of all?” — @kevinbayuk [0:18:04]
“If we had distributed decision making or participatory decision making, we could be making better decisions for the environment.” — @kevinbayuk [0:24:51]
“Transparency is a culture builder. It's a way to say we're in this together. We are honest with each other, intellectually honest.” — @kevinbayuk [0:35:05]
“What if the work environment was actually a crucible for learning and personal growth and development? An extension of one's schooling.” — @kevinbayuk [01:02:21]
“It's difficult or impossible to adopt all these principles all at once. There's a constant analysis of ‘What, what can I do?’ And if your answer is, ‘I can't do anything, then I would argue not being creative or thoughtful.’ If your argument is, ‘I can't do it all.’ I am with you. It's really hard. But I would advocate [that] it’s worth the effort.” — @kevinbayuk [01:09:02]
Links Mentioned in Today’s Episode:
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