20-08.
Social purpose corporation
Pattern description
A social purpose corporation (SPC) is a type of for-profit entity in some U.S. states that enables corporations to consider social or environmental issues in decision making instead of relying only on profit-maximizing goals. The social purpose corporation structure permits consideration of these issues but does not require it. Social purpose corporations are similar to benefit corporations (B Corporations) and flexible purpose corporations (FPCs).
Inventive problems
The company should meet the needs of society, so that society benefits from the product.
The company should meet the needs of stakeholders (employees, managers, business owners) so that stakeholders can meet their living needs (work, income, social needs).
The company should be large and have a complex structure to perform a large number of diverse operations for the development, production, and delivery of a complex product to the customers.
The company should be small and have a simple structure in order to:
- reduce the variety and complexity of the company activities;
- focus on a small number of core operations;
- have a small stuff;
- minimize the cost of development, production, sale, and delivery of products to customers.