Robert J Ballantyne
Consultant to Boards & Management
Leadership roles in planetariums, tourism, environmental organizations, now a consultant to social profit organizations and individuals. Based on Bowen Island in Canada. Click photo for his website.
The Work of the Social Profit Institute
We see the Traditional Corporation is Going the Way of the Dinosaurs
Uber, AirBnB, and Etsy have changed the way we think about transportation, vacationing, and the retail experience. When you begin to add to the mix L3Cs, FPCs, Benefit Corporations and nonprofit hybrids, a number of creative, adaptive entities are springing up. One need only look at the payments VW will be shelling out for its emissions scandal to understand why a liability shielded model like a Benefit Corporation is appealing to both consumers and entrepreneurs.
When we picture dinosaurs, we often think of huge, ferocious creature that ruled the earth. Scientists still debate whether it was a massive catastrophic event or climatic change the dealt the fatal blow to the dinosaurs. I tend to like the explanation from PBS: “The species that perish are poorly adapted to a changing set of conditions.” Dinosaurs may have been beaten by packs of smaller, better-adapted animals. Not dissimilar to the huge, powerful corporations of today.
We might be seeing a similar set of changing conditions that could drive out the traditional corporation. Fortune 500: it’s do-or-die time for digital disruption
At the Social Profit Institute, we’re interested in smaller, adaptive organizations that exist to serve the real needs of global or local populations. Questions about governing, accountability, ethics, and management will need new answers as organizations adapt to a changing environment.