Doing Business with Benefit Companies
A recently presented thesis takes theoretical and practical stock of one of today’s hot topics
Doing business and doing good business through the scheme of action of benefit companies. The benefit company may represent a positive leap forward in production culture, however, it must be correctly understood and implemented. Starting not only from the theory behind it but also, and perhaps above all, from the example of those who have already taken this step. These are the ideas that underpin the research – later transformed into a thesis – by Giuliano Badecco presented at the University of Padua.
“Benefit Companies: an important step towards a sustainable future and the Illy business case’ – this is the title of the paper – has a simple structure. First of all, it offers a snapshot of the ‘corporate instrument’, i.e. the benefit company, the theory and practice of which is to be investigated. In this part, therefore, the general framework of these companies, their modus operandi and the legal and tax aspects that differentiate them from traditional companies are explored. The second part of the paper concerns the management possibilities of this business model, the various types of connections that are created with the various active subjects, the so-called stakeholders, and the identification of the bases for the analytical analysis of a concrete business case study, that of Illy caffè, which is explored in the third part.
Everything is linked to the new perspective that production organisations must pursue, namely that of corporate sustainability.
Giuliano Badecco’s research is an honest investigation into one of the most complex and widely discussed topics of recent times. “Transforming a company into a benefit company,” Badecco deduces, “appears to bring benefits above all in terms of risk perception and brand reputation, thus also generating positive effects on company performance”. He also concludes: “Without considering the context, the effort required of companies to join the ‘For benefit’ model is minimal when one considers the countless advantages that this entrepreneurial choice can generate”.
Società benefit: un passo importante verso un futuro sostenibile e il caso aziendale Illy (Benefit Companies: an important step towards a sustainable future and the Illy business case)
Giuliano Badecco
Thesis, University of Padua, Department of Private Law and Critique of Law,
Bachelor’s Degree course in Employment Consultancy, 2024
A recently presented thesis takes theoretical and practical stock of one of today’s hot topics
Doing business and doing good business through the scheme of action of benefit companies. The benefit company may represent a positive leap forward in production culture, however, it must be correctly understood and implemented. Starting not only from the theory behind it but also, and perhaps above all, from the example of those who have already taken this step. These are the ideas that underpin the research – later transformed into a thesis – by Giuliano Badecco presented at the University of Padua.
“Benefit Companies: an important step towards a sustainable future and the Illy business case’ – this is the title of the paper – has a simple structure. First of all, it offers a snapshot of the ‘corporate instrument’, i.e. the benefit company, the theory and practice of which is to be investigated. In this part, therefore, the general framework of these companies, their modus operandi and the legal and tax aspects that differentiate them from traditional companies are explored. The second part of the paper concerns the management possibilities of this business model, the various types of connections that are created with the various active subjects, the so-called stakeholders, and the identification of the bases for the analytical analysis of a concrete business case study, that of Illy caffè, which is explored in the third part.
Everything is linked to the new perspective that production organisations must pursue, namely that of corporate sustainability.
Giuliano Badecco’s research is an honest investigation into one of the most complex and widely discussed topics of recent times. “Transforming a company into a benefit company,” Badecco deduces, “appears to bring benefits above all in terms of risk perception and brand reputation, thus also generating positive effects on company performance”. He also concludes: “Without considering the context, the effort required of companies to join the ‘For benefit’ model is minimal when one considers the countless advantages that this entrepreneurial choice can generate”.
Società benefit: un passo importante verso un futuro sostenibile e il caso aziendale Illy (Benefit Companies: an important step towards a sustainable future and the Illy business case)
Giuliano Badecco
Thesis, University of Padua, Department of Private Law and Critique of Law,
Bachelor’s Degree course in Employment Consultancy, 2024