What is a Social Venture_

The video explains social ventures as business ventures with a primary goal of benefiting society. It distinguishes between social ventures and nonprofits, noting that nonprofits are tax classifications while social ventures can be for-profit. The video also covers benefit corporations, which are state-recognized entities with social benefit requirements, and B Corp certification, a private certification for businesses meeting public benefit standards.

How does social responsibility relate to business ventures?

In your opinion, why might there be differing views on what constitutes a benefit to society?

What is a benefit corporation and how does it differ from a traditional corporation?

What role do private organizations like B Labs play in the context of social ventures?

What is the primary objective of a social venture?

Can a social venture also generate profit for its owners? Explain.

What distinguishes a nonprofit from a social venture?