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Ecosystem of Shared Value (Collective Impact (Elements (Common Agenda…
Ecosystem of Shared Value
Shared Value
Pursuing financial success in a way that also yields societal beneifts
Looking for new economic opportunities
Seek to regain the public's trust
Require a new framework to advance shared value efforts
Collective Impact
What?
Can be solved only by the coordinated efforts of those players
Idea that social problems arise from and persist because of a complex combination of actions and omissions by players in all sectors
Prior to execution
View the problem at hand from its own perspective
Bring essential assets to collective-impact efforts
Growth and resilience are constrained by societal problems have a powerful motive to kickstart social change
Elements
Common Agenda
Reach a shared vision for change and joint approach to a solution
Defines organisation's commitment and determines how data are shared between the group
Shared Measurement System
Participants must agree on a single short list of indicators to measure and report sucess
To formalise common agenda, determine what works and doesn't, sets stage for ongoing course adjustments
Mutually Reinforcing Activities
Does not mean all participants do the same things
Evaluate participants' strengths and weaknesses while offering their own functional expertise
Constant Communication
Engage frequently and structured communication to build trust and coordinate mutual objectives
Communication also fosters legitimacy, momentum and learning
Dedicated "Backbone" Support
Separate, independent funded staff dedicated to the initiative
guide vision, strategy, support activities and establish shared measurement practices, build public will, advance policies and mobilise resources
Ensure all groups remain aligned and informed
New Leadership = System Leadership
Never just one leader
Frame their own intentions and overall situation to motivate and build trust among all participants
Why Business Miss the Opportunity
Question of legitmacy
Competitive free riders
Investment justification