It Will Begin in Africa?: Collective Capitalism

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Presentation on the opportunity to recalibrate capitalism towards the common good in Africa, harnessing African collective values and the power of intentional entrepreneurship and ethical enterprise. Presented at Oxford University at the Sub-Saharan Africa Enterprise Conference, July 2011.

Technology Economy & Finance

@MIND_MAVERICK

IT WILL BEGIN
IN AFRICA?
INTENTIONAL ENTREPRENEURSHIP &
COLLECTIVE CAPITALISM
NICK JANKEL, WECREATE
OXFORD
JULY 2011

THE OLD PARADIGM OF MAXIMIZING
PROFITS AND SHAREHOLDER VALUES AS
THE SOLE PURPOSE OF BUSINESS HAS
CREATED NEGATIVE UNINTENDED
CONSEQUENCES.
JOHN MACKEY, CEO WHOLEFOODS

EXPORT
FROM THE WEST OF THIS MOST EXTREME
FORM OF CAPITALISM

AID
EVEN THE AGENCIES FOCUS ON ENTERPRISE
1.0 AS THE DRIVING FORCE OF
DEVELOPMENT

OPPORTUNISM
WITHOUT THE SOCIAL SAFETY NETS &
PHILANTHROPIC LEGACY OF THE WEST

LONG-TERM PROFITS ARE
MAXIMIZED BY NOT MAKING
THEM THE PRIMARY GOAL.

JOHN MACKEY, CEO WHOLEFOODS

WHY?
DO ENTREPRENEURS CREATE BUSINESSES?

ENGINES
FEAR
FORTUNE
FAME
FRUSTRATION
FREEDOM

PRIVATE
SECTOR

ADAPTABILITY
SPEED
PUBLIC INGENUITY 3RD SECTOR
SECTOR

(COM)PASSION
SCALE
INDEPENDENCE
JUSTICE
CITIZENSHIP
VISION

PRIVATE
SECTOR
SHORT-TERM
GREED
IRRESPONSIBILITY
ADAPTABILITY
SPEED
PUBLIC INGENUITY 3RD SECTOR
SECTOR

(COM)PASSION
SCALE
INDEPENDENCE
JUSTICE
CITIZENSHIP
VISION
OPPRESSION RIGHTEOUS
INERTIA INEFFECTUAL
WASTEFULNESS VESTED
INTERESTS

PROFIT MOTIVE
GREED
IRRESPONSIBILITY

ADAPTABILITY
SPEED
INGENUITY

INTENTIONAL
ENTERPRISES
SCALE (COM)PASSION
JUSTICE INDEPENDENCE
VISION CITIZENSHIP
RIGHTEOUS
OPPRESSION INEFFECTUAL
INERTIA VESTED
WASTEFULNESS INTERESTS

RECALIBRATE
CAPITALISM TOWARDS SOCIAL EQUALITY

20 YEARS
AGO

IN ZIMBABWE

WWW.ULTIMATETRIP.TV

UNITE
WESTERN INNOVATION PROWESS WITH
AFRICAN COLLECTIVE VALUES

EVERY
AFRICAN START-UP CAN BE ‘BEYOND
PROFIT’

TOOLS
TO ACCELERATE GOOD IDEAS INTO WORLD-
CHANGING INNOVATIONS

MINDSETS
BOOST CONFIDENCE, BUILD RESILIENT
CREATIVE LEADERSHIP, CULTIVATE MORAL
COMPASS, GROW APPETITE FOR
COLLABORATION, ENCOURAGE
CHALLENGING OF STATUS QUO

ECOSYSTEM
PEER SUPPORT, MENTORING, IDEA
EXCHANGE, NETWORKING, COLLABORATION

DIASPORA
RETURNING WITH SKILLS, CAPITAL &
WISDOM

KUDOS
FOR ENTREPRENEURS OF ALL GENDER &
AGES

ESP. THOSE WHO PUT INTENTIONS AHEAD
OF OPPORTUNITY

HEART
HEARTFELT, COURAGEOUS

KEEP CONNECTED

WORD
BE IT

PROMPT. RESPONSIVE. RESPONSE-ABLE.

THE WORDS OF THE ELDERS BECOME
SWEET SOME DAY.

MALAWIAN PROVERB

CONNECT
NICK@WECREATE.CC
@MIND_MAVERICK

WECREATE.CC
ULTIMATETRIP.TV

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It Will Begin in Africa?: Collective Capitalism

1. @MIND_MAVERICK IT WILL BEGIN IN AFRICA? INTENTIONAL ENTREPRENEURSHIP & COLLECTIVE CAPITALISM NICK JANKEL, WECREATE OXFORD JULY 2011

2. ENTERPRISE 1.0

3. PROFIT MOTIVE

4. INDIVIDUAL SUCCESS

5. THE OLD PARADIGM OF MAXIMIZING PROFITS AND SHAREHOLDER VALUES AS THE SOLE PURPOSE OF BUSINESS HAS CREATED NEGATIVE UNINTENDED CONSEQUENCES. JOHN MACKEY, CEO WHOLEFOODS

6. EXPORT FROM THE WEST OF THIS MOST EXTREME FORM OF CAPITALISM

7. AID EVEN THE AGENCIES FOCUS ON ENTERPRISE 1.0 AS THE DRIVING FORCE OF DEVELOPMENT

8. OPPORTUNISM WITHOUT THE SOCIAL SAFETY NETS & PHILANTHROPIC LEGACY OF THE WEST

9. BEYOND PROFIT

10. LONG-TERM PROFITS ARE MAXIMIZED BY NOT MAKING THEM THE PRIMARY GOAL. JOHN MACKEY, CEO WHOLEFOODS

11. PURPOSE

12. WHY? DO ENTREPRENEURS CREATE BUSINESSES?

13. ENGINES FEAR FORTUNE FAME FRUSTRATION FREEDOM

14. GOOD FOR THE COLLECTIVE

15. INTENTIONAL ENTERPRISE

16. PRIVATE SECTOR ADAPTABILITY SPEED PUBLIC INGENUITY 3RD SECTOR SECTOR (COM)PASSION SCALE INDEPENDENCE JUSTICE CITIZENSHIP VISION

17. PRIVATE SECTOR SHORT-TERM GREED IRRESPONSIBILITY ADAPTABILITY SPEED PUBLIC INGENUITY 3RD SECTOR SECTOR (COM)PASSION SCALE INDEPENDENCE JUSTICE CITIZENSHIP VISION OPPRESSION RIGHTEOUS INERTIA INEFFECTUAL WASTEFULNESS VESTED INTERESTS

18. PRIVATE SECTOR SHORT-TERM GREED IRRESPONSIBILITY ADAPTABILITY SPEED PUBLIC INGENUITY 3RD SECTOR SECTOR (COM)PASSION SCALE INDEPENDENCE JUSTICE CITIZENSHIP VISION OPPRESSION RIGHTEOUS INERTIA INEFFECTUAL WASTEFULNESS VESTED INTERESTS

19. PROFIT MOTIVE GREED IRRESPONSIBILITY ADAPTABILITY SPEED INGENUITY INTENTIONAL ENTERPRISES SCALE (COM)PASSION JUSTICE INDEPENDENCE VISION CITIZENSHIP RIGHTEOUS OPPRESSION INEFFECTUAL INERTIA VESTED WASTEFULNESS INTERESTS

20. RECALIBRATE CAPITALISM TOWARDS SOCIAL EQUALITY

21. COLLECTIVE CAPITALISM

22. 20 YEARS AGO IN ZIMBABWE WWW.ULTIMATETRIP.TV

23. AFRICA IS A CENTURY AHEAD OF THE WEST

24. COLLECTIVE VALUES AT THE HEART OF LIFE

25. UNITE WESTERN INNOVATION PROWESS WITH AFRICAN COLLECTIVE VALUES

26. NOW! USHAHIDI, TXTEAGLE, IKOTOILETS

27. EVERY AFRICAN START-UP CAN BE ‘BEYOND PROFIT’

28. HOW DO WE PROMOTE THIS MOVEMENT?

29. $ REGULATORY ENVIRONMENT, ICT

30. TOOLS TO ACCELERATE GOOD IDEAS INTO WORLD- CHANGING INNOVATIONS

31. MINDSETS BOOST CONFIDENCE, BUILD RESILIENT CREATIVE LEADERSHIP, CULTIVATE MORAL COMPASS, GROW APPETITE FOR COLLABORATION, ENCOURAGE CHALLENGING OF STATUS QUO

32. ECOSYSTEM PEER SUPPORT, MENTORING, IDEA EXCHANGE, NETWORKING, COLLABORATION

33. DIASPORA RETURNING WITH SKILLS, CAPITAL & WISDOM

34. KUDOS FOR ENTREPRENEURS OF ALL GENDER & AGES ESP. THOSE WHO PUT INTENTIONS AHEAD OF OPPORTUNITY

35. HEART HEARTFELT, COURAGEOUS KEEP CONNECTED

36. WORD BE IT PROMPT. RESPONSIVE. RESPONSE-ABLE.

37. THE WORDS OF THE ELDERS BECOME SWEET SOME DAY. MALAWIAN PROVERB

38. CONNECT NICK@WECREATE.CC @MIND_MAVERICK WECREATE.CC ULTIMATETRIP.TV