A COMPASSIONATE ECONOMY IS IT POSSIBLE? Last Friday, I had the privilege of attending a thought-provoking discussion that challenged conventional business models. Melanie Rieback and Alison Holloway explained how their company business models work with an approach that challenges the traditional drive to extract wealth from production, offering instead a more balanced, equitable, environmentally sound and compassionate way of doing business. 🤷♀️ What is it about this model that is compassionate ➡ It's a business model that prioritises people, the environment and society over profits, enabling everyone involved - employees, owners, customers, the business and even the economy to thrive without causing the harm of traditional business models. ➡ Staff and owners alike earn a fair and livable wage, but no one becomes 'unnaturally wealthy', as Melanie puts it. At the same time, staff don't get terminated for a sniff of a slight boost to the company's profit. ➡ Customers are charged market rates, with provisions to subsidise those who need the service but can't afford to pay as much. ➡ No shareholder's interest in extracting wealth from the business is prioritised above all else. Measures are put in place to stop this eventuality from arising. 🤔 If you find this business model as intriguing as me, I highly recommend watching Melanie's TED talk. For those who are truly enthusiastic, Melanie's LinkedIn page hosts a series of 8 YouTube clips, each over an hour long, on how to build a non-extractive business. 🙏 A big that you to Antony McMullen, FGIA, FRSA, for your inspiring wrap-up at the end of the panel discussion and to the 888 Co-operative Causeway Limited and RSA Oceania for making the event happen and Clare Fountain, GAICD, for being an excellent panel facilitator Why we need to reform the startup business model | Melanie Rieback | TEDxBerlin (youtube.com)
Working in Good Faith | Bringing People Together for the Common Good | Co-operative Founder, Developer & Advocate | Governance & Risk Professional | Local & Global Community Capacity Builder | Spiritual Director
Thank you Alison Holloway for walking the talk on Friday last night, outlining the inspiring SGS Economics and Planning organisational model that examplifies some of the ideas advocated so beautifully by Melanie Rieback. Our 888 Co-operative Causeway Limited event was supported by RSA Oceania at The Kelvin Club ... thanks also go to Sharon Ede and Kane Jackson for your support. Pictured: event MC Clare Fountain, GAICD (colleague Co-operative Bonds), Alison and of course Melanie. All under the gaze of Lord Kelvin!
Julie Kun
6mo
Judit Brown I think you would love Melanie Rieback tedtalk it is about bringing doughnut economics into reality.
Mark H.
6mo
Julie Kun a great one to follow is Gillian Marcelle, PhD 👍
Jenny Rolfe
6mo
Ana Kresina
Mel Geltch I think you would enjoy Melanie’s work
Director at Julie Kun Consulting - Consulting with the heart, head and hands
6moHelga Svendsen and Melanie Sherrin for the goverance geek that loves organisation with strong social purpose I think you would have love this talk as it centered on how do you put structures in place to protect your purpose.