For-Benefit Organizations defines the fourth sector as “an emerging sector of the economy which consists of ‘for-benefit’ organizations that combine market-based approaches of the private sector with the social and environmental aims of the public and non-profit sectors.”

B Corporation is an organization leading the effort to define the role of for-benefit organizations. Part of its work was the development of the B Corp Declaration of Interdependence, which includes the following:

  • That we must be the change we seek in the world.
  • That all business ought to be conducted as if people and place mattered.
  • That, through their products, practices, and profits, businesses should aspire to do no harm and benefit all.
  • To do so requires that we act with the understanding that we are each dependent upon another and thus responsible for each other and future generations.

B Corporation also developed the B Impact Assessment, which includes five areas in which for-benefit organizations should strive to have a positive influence. Organizations scoring 80 or more points on the assessment are eligible for certification.

  • Community
  • Customer
  • Environment
  • Governance
  • Worker

The MBA curriculum at MBU is built from the ground up around these five areas. Our primary objectives are to teach students what it means to use business as a force for good and then apply it through the development of a business plan or a strategic plan for a social enterprise.