In 2015, a new kind of company was introduced by law in Italy:the for-Benefit Company (fBComp). Such firms are characterized by arelevant novelty: they are for-profit companies whose statute explicitlyrecognizes and intends the impact of managerial decisions on thewellbeing of society as well as of its shareholders. This study suggestson the fBComp as a new "social" business model (SBM) which integratessocial and competitive behaviors. Thereby, the company achieves itsobjectives by creating and maintaining biunivocal relations withstakeholders, co-creating contextual sustainability conditions,increasing its reputation and positioning compared to its competitors. Byconducting a desk analysis on the results of the Italian Report onfBComp, this paper designs a portrait of this innovative social businessmodel's main features and explains its possibly far-reaching,trendsetting and curing influences on the transition of managementpractices towards mutual stakeholders' wellbeing and a sustainablesociety.
For-Benefit Company (fBComp): an innovative social-business model. The Italian case.
Ferri m;Basile g;
2020-01-01
Abstract
In 2015, a new kind of company was introduced by law in Italy:the for-Benefit Company (fBComp). Such firms are characterized by arelevant novelty: they are for-profit companies whose statute explicitlyrecognizes and intends the impact of managerial decisions on thewellbeing of society as well as of its shareholders. This study suggestson the fBComp as a new "social" business model (SBM) which integratessocial and competitive behaviors. Thereby, the company achieves itsobjectives by creating and maintaining biunivocal relations withstakeholders, co-creating contextual sustainability conditions,increasing its reputation and positioning compared to its competitors. Byconducting a desk analysis on the results of the Italian Report onfBComp, this paper designs a portrait of this innovative social businessmodel's main features and explains its possibly far-reaching,trendsetting and curing influences on the transition of managementpractices towards mutual stakeholders' wellbeing and a sustainablesociety.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
