Weekly Roundup: Taking the Long View on Capitalism
The Management Innovation eXchange (MIX) bills itself as an “open innovation project aimed at reinventing management for the 21st century. The premise: while “modern” management is one of humankind’s most important inventions, it is now a mature technology that must be reinvented for a new age.”
And even a brief perusal of the site proves that MIX lives up to the billing. The organization’s ethos isn’t about making minor tweaks to business CSR, but upending the notion of what management innovation really means. The “revolution” they’re espousing is for social and economic development to be tied at the hip with business and management development. Check out the organization’s principles for more.
With that mission in mind, I think you might enjoy reading some of the winning submissions of the Long-term Capitalism Challenge, the final stage of the Harvard Business Review/Mckinsey M-Prize for Management Innovation. A special shout out to our Content Partner Ashoka, and the Full Economic Citizenship team, who were among the winning submissions (some are dubbed “hacks” of management practices as well). Valeria Budinich, vice President and the chief entrepreneur who founded in 2003 Ashoka’s Full Economic Citizenship global initiative, was recognized for Ashoka’s Hybrid Value Chain: Revving the Engine of Sustained Global Prosperity and Social Value.
The other winners include:
- Inside-Out Transformation: A Hybrid Business Model for a Converging World Story by Gib Bulloch, Accenture Development Partners
- Relationship Coffee: Creating Shared Value with Transparency and Trust Story by David Griswold, Sustainable Harvest
- Innovation in Well-Being—the Creation of Sustainable Value at Natura Story by Luciana Hashiba, Natura Cosmeticos
- Quantifying well-being and impact can drive investors to build a better world Hack by R. Paul Herman, co-authored by Gayle Keck, Avary Kent, Nicholas Gower, HIP Investor Inc.
- Valuing Nature – How Responsible Water Use Sustains Business, Communities and Ecosystems Story by Greg Koch, Coca-Cola
- The Mondragon Cooperative Experience: Humanity at Work Story by José Luis Lafuente and Fred Freundlich, Mondragon
- Develop and Support the DNA of a New Capitalism —the For-Benefit Enterprise Hack by Heerad Sabeti, Fourth Sector Network
- DaviPlata: “Self-Service” Financial Inclusion Story by Juan Carlos Rojas Serrano, DaviPlata
- Nike’s Gameplan for Growth that’s Good for All Story by Lorrie Vogel and Agata Ramallo Garcia, Nike
On very sad note, this week many of us learned of the tragedy involving Tosin Anibaba of the FATE Foundation, who along with two FATE Foundation consultants, Chris Okocha and Charles Ntuko, were among those who died in the June 3 plane crash in Nigeria.
Tosin Anibaba joined Nigeria-based FATE Foundation in 2008 as head of the Business & Alumni Support Services (BASS) unit. She played a major role in the development of the unit programmes that served the alumni. Tosin earned a B.Sc in Economics from the University of Essex and an M.Sc in International Consulting & Accounting from the University of Reading U.K, according to the foundation. She is survived by her husband and daughter.
Tosin was a member of the working group to launch an West Africa Chapter of the Aspen Network of Development Entrepreneurs, Executive Director Randall Kempner wrote in a mass email.
“… many any of you will remember meeting her at the Annual Conference – her engaging smile is hard to forget. Our hearts are with Tosin’s family, the FATE Foundation team, and all of our colleagues in Nigeria as the country recovers from this loss,” Randall wrote.
Speaking for the NextBillion Community, I’d like to echo Randall’s sentiments and express our deepest condolences to the families, friends and colleagues of those who were lost.
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