Sandbox Blog

The age of social awareness is upon us. As more businesses choose to include social objectives in business models, the hope for a sustainable economy becomes increasingly achievable. Developing a social enterprise takes some serious planning. There’s a lot of moving parts and pieces. How do you generate revenue while spending money on the good of your community, the environment, and your employees?

Innovation is a driving force in modern business. While we haven’t reached the space-age era of the Jetsons quite yet, technology is constantly evolving. With each new update or improvement, businesses rush to catch up. We strive to meet consumer expectations and stand out above competitors. By fostering creativity within our own businesses, we stand a greater chance of achieving these goals.

Being part of a business is like being one of many important moving parts in a machine. When one-piece stops working, the machine can’t function properly. One of the major criteria affecting the success of modern companies is corporate communication. This is how to speak with those around you both in higher and lower positions.

Impact Assessment is a standard test used to evaluate profit companies as socially responsible, sustainable, and environmentally respectful. The test asks a multitude of questions regarding a business’s standards of social and environmental performance and is conducted by a non-profit organization. Answers to the assessment increase or decrease your chance of successfully obtaining a B Corp Certificate.

The term emotional quotient, or EQ, refers to a concept made famous in 1995 by renowned psychologist, Daniel Goleman. His book, Emotional Intelligence touched about managing emotions and the way they impact relationships both personal and professional. Goleman wasn’t the first to discover the importance of emotional interactions. A decade before his book was released Wayne Payne, who published his own ideas on the concept in, A Study of Emotion: Developing Emotional Intelligence.

When a company considers becoming B Corp Certified, they must first undergo something called an Impact Assessment. This survey evaluates the physical, sociological, and financial impact your company has on the world around it. To successfully achieve the status of a B Corp, companies must score 80 points or more out of the 200 points available.

The term emotional quotient, or EQ, refers to a concept made famous in 1995 by renowned psychologist, Daniel Goleman. His book, Emotional Intelligence touched about managing emotions and the way they impact relationships both personal and professional. Goleman wasn’t the first to discover the importance of emotional interactions. A decade before his book was released Wayne Payne, who published his own ideas on the concept in, A Study of Emotion: Developing Emotional Intelligence.

The first time the business community heard the term “triple bottom line” was the mid 1990’s when John Elkington, a business writer from London England began touting the importance of sustainable development. Elkington believed deeply in corporate responsibility and the idea that modern businesses should be accountable for what they put into the world, not just the money they earned from it.

There was a time when the concepts of social responsibility and sustainable revenue lived in two separate worlds. For-profit businesses rarely considered the environment, their social impact on the world, or the importance of creating jobs for a purpose other than to generate revenue. Now, the concept of the triple bottom line, the introduction of B Corp Businesses, and the influence of the millennial business model have made these concepts interchangeable.