We are now knee deep in a course we like to call Responsible Business 101. It’s official name is Entrepreneurship 299: Social Entrepreneurship, but what we’re teaching seems to be undoing and rewriting traditional business knowledge, which (we think) is a very cool thing.
The class has 22 students ranging from a multitude of disciplines. The Drexel University Close School of Entrepreneurship welcomes all to learn not only the importance of social entrepreneurship, but how to implement it. Because we at Forsei are firm believers in the B Corp Certification, and specifically measurement tool that is the B Corp Impact Assessment, it is what guides our curriculum. The class is split up into four teams whose goal is to guide four real-life organizations through the Impact Assessment.
The idea is to get both the client businesses and the students to take a closer look at how businesses impact both the planet and society. When you ask an organization whether they offer a paid-time off bank or categorized paid-time off or how much waste they produce each month, it makes everyone involved think twice about something they may take for granted.
This is an exciting opportunity for Forsei to be a part of because it helps us to work toward our goal: advancing the responsible business movement here in Philadelphia. We get to expand the minds of our future leaders while simultaneously getting business owners to think about things differently.
Just the other day, we were lecturing about the importance of KPI’s (Key Performance Indicators...knowledge bomb) versus traditional metrics. The topic for that week was corporate governance-- not the most exciting topic but it still turned out to be pretty engaging. The issue of CEO to average worker pay ratio came up and it lit some fires with some of the students. A young gentleman raised the question, “Why does that matter?” He asserted that CEO’s have much more at stake than an average worker, and questioned why base salary or wages would be raised at the expense of the CEO’s pay. Whoever was asleep before that comment, was no more (including me). Three quarters of the class participated in that debate. I don’t think that the naysayers were swayed, but the discussion was so incredibly informative and unbiased yet still driven somewhat by passion. It was incredible!
We love that we get to be a part of this! Let’s hope we don’t screw this up.