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

1. New$Skills$for$the$$
New$Social$Economy$
Mapping'and'Navigating'in'the'new'
Terrain'
Lucy%Bernholz%and%Rob%Reich%
Nonprofit%Management%Ins<tute%
September%11,%2012%

2. What is the New Social Economy?
All the ways we use private resources to create
social goods;
Private activity in the public interest

3. How did we get here?
Technological change Market innovation
Information on demand Social Enterprise
Crowd participation Social Finance
Mobile organizing Impact investing
Big data Venture Philanthropy
Measurement Demands
Public Funding Declines
Policy Changes

4. Donors Choices
3"Components"
"
Charitable%Giving%
"
Impact%Inves<ng%
"
Poli<cal%Giving%
"

5. Do-ers Choices
The"Social"Economy"of"Enterprises"

6. Weighing the Options

7. These choices shift the sector into an economy
7%

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. 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. 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. What does all this mean for leaders?
Communications implications
– Measurement and communication of impact
– Accessibility and visibility of leaders
– Many voices in conversation

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.