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Exam 1 scripts Thurs 3:30 class

1. How might Freeman discuss B Corps and Worker Cooperatives in relation to the New Story of business? That is, how compatible are B Corps and Worker Cooperatives with The New Story of Business/Stakeholder Theory? 2 paragraphs

2. Discuss 2 positive features of worker cooperatives that differentiate them from typical/traditional business models today. Then, evaluate those features (what effects do they have on worker cooperatives?).   2-3 paragraphs.

3. In class, group 3 mentioned worker cooperatives as one way to address many of capitalism's problems driven by shareholder value ideology & the old story of business. What are three problems this business form addresses? How does it address those problems? Please answer in at least 3 paragraphs.  

4. Open Hiring – What is it? Why is it good?. Pretend your colleague says to you, “Greyston is out of its mind. Companies HAVE TO conduct background checks. They can’t just have dangerous criminals running around in their business.” Respond to this in 3 paragraphs (at least 3 arguments).

5. Some of you wrote that you’d gladly work at a B Corp over a “typical” corporation. A couple of you wrote in your reflection that you are struggling with whether B Corps are greenwashing or legitimately more responsible business models. How do you evaluate B Corps compared to non-B Corps businesses? Include in your answer the extent to which you think the B Corp certification is about public relations vs. legitimate creation of responsible business. Answer in at least 3 paragraphs

6. Pretend you have been hired as a consultant for B Labs. They have asked you to identify two things you can recommend to improve and expand B Corps and B Labs (as the accreditation entity for B Corp). i. Please answer in roughly 2 paragraphs.

7. Pretend you are at graduation next to another student who has just received an amazing job offer from a B Corp. The student has never heard of B Corps, B Labs, or Benefit corporations. You want this student to be as excited as you are about this offer. First, how would you explain these three terms to that student? Second, why should (or shouldn't) this student be excited? i. Please answer in roughly 2 paragraphs

8. Pretend you are at a coffee shop and you overhear someone recruiting a young student into some type of multilevel marketing business. After the recruiter leaves, the student turns to you and says, "I'm so confused about this type of business. Are there legit multilevel marketing businesses? And how can I tell if THIS business is legit?" In roughly 3 paragraphs, please help this student by defining multi-level marketing firms and pyramid schemes, identifying characteristics of a clear pyramid scheme, and giving the student advice on whether this could be a legit MLM business.

9. Explain what the following quote means & why it is relevant to this class: “The opposite of poverty is not wealth, the opposite of poverty is justice.” At least 2 paragraphs.

https://www.ted.com/talks/bryan_stevenson_we_need_to_talk_about_an_injustice/transcript#t-982808

10. Pretend your 12 your old cousin asked you to explain shareholder value ideology. In your own words and off the top of your head, please define "shareholder value ideology" in one to two sentences (no more than two sentences). Then, describe to your cousin what the consequences of such an approach to business are in society. Please answer in at least 3 paragraphs.