Expand understanding of for-benefits and their ecosystem, and monitor their development.
Building a robust knowledge base for the sector is an essential. A tremendous amount of information must be developed, organized, and disseminated to clarify what for-benefit enterprises are – from how they operate to how they are governed. Leadership and governance theory must be developed that is consistent with the for-benefit model.
It is necessary to identify the barriers for-benefits face, the social and economic impacts they make, and the ways in which they promote innovation and entrepreneurship. Additionally, the need to understand how for-benefits can be employed in specific industries and issue areas, such as healthcare, utilities, energy, education, and banking is key to successful implementation.
Knowledge empowers all of the actors in the fourth sector to understand how to apply the for-benefit model in their unique areas, resulting in more effective decisions and more impact within the ecosystem.