New$Skills$for$the$$New$Social$Economy$MappingandNavigatinginthenewTerrainLucy%Bernholz%and%Rob%Reich%Nonprofit%Management%...
What is the New Social Economy?All the ways we use private resources to createsocial goods;Private activity in the public ...
How did we get here?Technological change     Market innovationInformation on demand    Social EnterpriseCrowd participatio...
Donors Choices3"Components""Charitable%Giving%"Impact%Inves<ng%"Poli<cal%Giving%"
Do-ers ChoicesThe"Social"Economy"of"Enterprises"
Weighing the Options
These choices shift the sector into an economy7%
What does all this mean for leaders?Impact implications  –  Changing relationships to public funders  –  Ongoing engagemen...
What does all this mean for leaders?Labor market implications  –  Sector Agnosticism  –  Students will “do good wherever” ...
What does all this mean for leaders?Revenue implications  –  Social businesses have access to different capital  –  Innova...
What does all this mean for leaders?Communications implications  –  Measurement and communication of impact  –  Accessibil...
What does all this mean for leaders?Governance implications  –  New expectations for transparency  –  New norms of account...
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New skills new economy nmi

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New Skills for the New Economy, Bernholz and Reich, Stanford NMI, September 2012

Published in: Technology, Business
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New skills new economy nmi

  1. 1. New$Skills$for$the$$New$Social$Economy$MappingandNavigatinginthenewTerrainLucy%Bernholz%and%Rob%Reich%Nonprofit%Management%Ins<tute%September%11,%2012%
  2. 2. What is the New Social Economy?All the ways we use private resources to createsocial goods;Private activity in the public interest
  3. 3. How did we get here?Technological change Market innovationInformation on demand Social EnterpriseCrowd participation Social FinanceMobile organizing Impact investingBig data Venture Philanthropy Measurement Demands Public Funding Declines Policy Changes
  4. 4. Donors Choices3"Components""Charitable%Giving%"Impact%Inves<ng%"Poli<cal%Giving%"
  5. 5. Do-ers ChoicesThe"Social"Economy"of"Enterprises"
  6. 6. Weighing the Options
  7. 7. These choices shift the sector into an economy7%
  8. 8. 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
  9. 9. What does all this mean for leaders?Labor market implications –  Sector Agnosticism –  Students will “do good wherever” –  NPOs compete with other enterprises for talent
  10. 10. 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
  11. 11. What does all this mean for leaders?Communications implications –  Measurement and communication of impact –  Accessibility and visibility of leaders –  Many voices in conversation
  12. 12. 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.

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