Chelsea Green Publishing

Chelsea Green Blog

Staying Small and Keeping It Local: The Companies We Keep

The following book review was originally published on TriplePundit.com. Business books on the Triple Bottom Line abound. Trust me. I speak from experience. I am an MBA student in a program focused on sustainability, and a mountain of these books stands between me and the end of each semester. Most do an adequate job of plodding through the subject matter, but I usually find myself skimming the material to extract the main points so I can move on to the next book. One down, mountain to go. That was not my experience with John Abrams’ revised edition of Companies We Keep – Employee Ownership and the Business of Community and Place. The book is a revised and expanded version of his 2005 Company We Keep. Abrams is the cofounder of South Mountain Company, an employee-owned, custom building business based on Martha’s Vineyard that began operations in 1975. He’s written a very readable narrative that knits together a personal memoir with an examination of the employee-owned business model he has developed at South Mountain Company. In Abrams’ words, “This is a book about a different way of doing business in today’s world — a way based on workplace democracy, shared ownership, staying small, building community, commitment to a place, and long term thinking.” He believes that building a profitable company can be compatible with serving the needs of people (employees and owners), the local community, and the environment.
We assign priority to a collection of bottom lines while consigning the traditional bottom line – profit – to its appropriate role as a vital tool that serves the others.
A worker cooperative typically uses the C or LLC corporate framework, and shares many of the same benefits. It has corporate protection from liability, earns profits, is governed by a board of directors, and is managed by one or more officers. But it differs in three aspects as Abrams explains. First, it’s a membership organization limited to employees who complete a trial period and invest through a membership fee. Second, a cooperative is democratically governed as each member gets one vote, rather than the usual one share/one vote model. And third, a portion of earnings is allocated to members based on their work investment rather than their capital investment. Beyond the legal framework, Abrams’ vision of the worker co-op also emphasizes staying small and keeping it local. These two principles buttress the social and environmental bottom lines.
I question the lack of value placed on maintenance of those business communities we create and the communities within which our companies operate. This disregard supports unfettered allegiance to an economy whose rewards have become skewed toward the distant and the global at the expense of the local, and whose system of incentives encourages wage servitude and environmental recklessness.
Read the whole review here.


Born on Third Base: A Q&A with Author and Inequality Activist Chuck Collins

As inequality grabs headlines, steals the show in presidential debates, and drives deep divides between the haves and have nots in America, class war brews. Does it have to be this way?Can we suspend both class wars long enough to consider a new way forward? Is it really good for anyone that most of society’s […] Read More

Three Principles to Survive the Future

What guiding principles will you need to not just survive the future, but imagine a better one? Surviving the Future is a story drawn from the fertile ground of the late David Fleming’s extraordinary Lean Logic: A Dictionary for the Future and How to Survive It. That hardback consists of four hundred and four interlinked dictionary entries, […] Read More

The 5 Rules of Lean Thinking

Are you ready to co-create the future? These 5 Rules of Lean Thinking are a useful tool as we set out to collectively invent a post-market future.Surviving the Future is a story drawn from the fertile ground of the late David Fleming’s extraordinary Lean Logic: A Dictionary for the Future and How to Survive It. That […] Read More

Solar Dollars: Promote Renewable Energy & Support Local Economies

How can you use the sun as a way to not only generate renewable energy, but support the local economy and provide interest-free financing for utility companies?Author Thomas Greco (The End of Money and the Future of Civilization) has the answer: Solar Dollars!In a recent post on this blog (Beyond Money), Greco makes the case […] Read More

Using Permaculture Principles to Design Resilient Cities

The Permaculture City begins in the garden but takes what we have learned there and applies it to a much broader range of human experience; we’re not just gardening plants but people, neighborhoods, and even cultures.Author Toby Hemenway (Gaia’s Garden) lays out how permaculture design can help towndwellers solve the challenges of meeting our needs […] Read More
Follow us
Get every new post delivered to your inbox
Join millions of other followers
Powered By WPFruits.com