My presentation at SocialDevCamp. Thick versus Thin Value

1. Thick Versus Thin Value Emile Cambry, Jr. ecambry@gmail.com 8/28/2011

2. Disclaimer! None of these arguments are political. It’s about economics, institutions, new practices and patterns, management, and ethics

7. The Last Decade Has Not Created Net jobs Growing median income Shareholder value Net Wealth

8. What It Has Created Towns, countries, and Households going broke Banks boosting margins Debt fueled hyper-consumption Productivity spiking Dwindling empathy, trust, and a sense of meaning in work, life, and play

10. This versus Thick Value Creation Borrowed from UmairHaque, Michael E. Porter, and Mark R. Kramer from Harvard Business School

11. Adam Smith “All for ourselves and nothing for other people” Wealth of Nations

12. Capitalism can do better

13. Capitalists have to aspire to matter

14. Industrial age capitalism was about extracting

15. Energy Education Healthcare Finance Transportation Food

17. Myths of the 21st Century Firms exist only to create value for owners Financial profits is the best representation of enduring profit Competitiveness arises from extracting value from competitors by beating, bashing, and crushing rivals instead of creating a thicker, more broadly shared value

18. Ignoring the broader influences that determine long-term success Depletion of natural resources Viability of key suppliers Economic distress of the communities served Shifting activities to locations with even lower wages

19. Make a better product

20. Make a better service

21. Process Innovation

22. Shared/thick value has the power to unleash the next wave of global growth and innovation Three ways to create shared value opportunities: By preconceiving products and markets By redefining productivity in the value chain By enabling local cluster development

23. 21st Century Thick Value Arithmetic

24. Neo-Classical Model: max(me), ~(you) Social Responsibility The Enterprise Social Responsibility

25. 21st Century Paradigm Shift The Enterprise Social Responsibility The Enterprise

26. Companies Currently Pivoting GE: Investing in Education, the Environment, and Disaster Relief Wal-Mart: Environmentally Friendly Stores Intel Johnson & Johnson Nestle Unilever Google Apple Nike Starbucks

27. The archetype evil company?

28. Real Value vs. Perceived Value

29. Principles Shapes Behavior: Beyond Strategy

30. Social Leadership Don’t exploit resources Don’t race to the bottom Willingness to disrupt yourself Focusing on everyone’s outcomes/externalities

31. Blurring the Profit/Nonprofit Boundary

32. 21st Century Youth Project

33. Chicago International Social Change Film Festival

34. 21st Century Entrepreneurial Institute