New Skills for the New Social Economy Mapping and Navigating in the new Terrain Lucy Bernholz and Rob Reich Nonprofit Management Ins<tute September 11, 2012
Jan 24, 2015
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What is the New Social Economy?
All the ways we use private resources to create social goods; Private activity in the public interest
How did we get here?
Technological change
Information on demand Crowd participation Mobile organizing Big data
Market innovation
Social Enterprise Social Finance Impact investing Venture Philanthropy
Measurement Demands Public Funding Declines Policy Changes
Donors Choices
3"Components""Charitable%Giving%"Impact%Inves<ng%"Poli<cal%Giving%"
Do-ers Choices
The"Social"Economy"of"Enterprises"
Weighing the Options
These choices shift the sector into an economy
7%
What does all this mean for leaders?
Impact implications – Changing relationships to public funders – Ongoing engagement with political landscape – NPOs communication of impact vis-à-vis social
businesses and emergent global social enterprise reporting systems
What does all this mean for leaders?
Labor market implications – Sector Agnosticism – Students will “do good wherever” – NPOs compete with other enterprises for talent
What does all this mean for leaders?
Revenue implications – Social businesses have access to different capital – Innovation in financing: social impact bonds – More sophisticated business models developing
What does all this mean for leaders? Communications implications – Measurement and communication of impact – Accessibility and visibility of leaders – Many voices in conversation
What does all this mean for leaders?
Governance implications – New expectations for transparency – New norms of accountability (will new rules be
next)? – New array of rating intermediaries, e.g., Charity
Navigator, GiveWell, etc.